Page 6 - Loans

PSBs sanction 95% of all loans under PM SVANidhi scheme for street vendors

Scheme provides working capital up to Rs 10,000 repayable in a year to hawkers, who get 7% interest subsidy from govt; banks get graded guarantee cover

Canara Bank announces 3 loan schemes amid fight against coronavirus

State-run Canara Bank on Friday announced three loan schemes as part of the fight against the pandemic under which it will offer healthcare credit, business and personal loan to individuals

Slice, credit provider for young professionals, eyes $1 bn gross transactions

Despite the pandemic, the company grew by 125 per cent in 2020 and has recorded a 40-50 per cent increase in average customer spends

Second wave of Covid-19: Consider second loan recast, PSBs tell RBI

Want lower provisioning for restructuring than last year

ITC extends loan facility to workers to support Covid treatment of families

This is for those who are not covered under the company's medical policy.

Covid-19 loans: Banks using their own resources to get the benefit

Earlier, option of earning 40 bps extra was for banks using RBI's Rs 50,000-cr window

SFB loan to MFIs for on-lending to be classified as priority sector lending

The Reserve Bank of Indian has decided to allow the classification of priority sector lending for loans given by small finance banks to micro-finance institutions (MFI) for on-lending to individuals

New loan scheme for discoms shows little impact on on clearance of dues

States' pending payments to distributors down just 4% since March 2020

Pakistan gets payment relief as UAE extends deadline over $2-billion loan

Having averted a financial crisis just two years ago, Pakistan finds itself with little room for policy errors due to the impact of the Covid-19 pandemic.

Cash-strapped patients with Covid-19 infection can consider loans

In a health emergency, speed of disbursement is more important than cost

Postpone repayment of loan instalments: Maharashtra CM Uddhav to Centre

Thackeray sought permission under the National Disaster Management Act to airlift oxygen from steel plants in eastern and southern parts of the country

Loans of Rs 14.96 lakh crore sanctioned since launch of PM Mudra scheme

According to the Centre, more than 28.68 crore loans for an amount of Rs 14.96 lakh crore have been sanctioned by banks, NBFCs and MFIs since the launch of PMMY

SC order on interest waiver: PSU Banks may have to take Rs 2,000 cr hit

Public sector banks may have to bear a burden of Rs 1,800-2,000 crore due to SC judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020

Individual loan business continues to improve in January-March: HDFC

Loans worth Rs 7,503 crore were assigned to its banking subsidiary.

Database reveals secrets of China's loans to developing nations, says study

The terms of China's loan deals with developing countries are unusually secretive and require borrowers to prioritise repayment of Chinese state-owned banks ahead of other creditors, a study showed

Govt not interested in footing Rs 8,000-cr moratorium bill for banks

Govt is of the view that the onus of reimbursing compound interest charged to customers does not fall on entirely on itself, said a top govt official

UltraTech Cement prepays long-term loan of Rs 5,000 crore loan

UltraTech Cement on Tuesday said it has prepaid its long-term loans of Rs 5,000 crore

Loan moratorium case: NBFCs want govt to refund interest on deposits

Iyer said the penal interest would add up only trite as NBFCs are typically small ticket loan suppliers

Loan moratorium case: SC verdict may hit banks in short-term, say analysts

Loan moratorium case: The Supreme Court said that the waiver of complete interest is not possible as it affects depositors

SBI, HDFC Bank: How to trade banking stks post SC's loan moratorium verdict

Major banking stocks have broken crucial supports