Business  /  Published 30.11.21

Loan write-off charge

The Centre ducked a tricky question in Parliament when asked whether the scheduled commercial banks had written off loans worth Rs 1.5 lakh crore in the first nine months of the year. Minister of sta...
By Our Special Correspondent in New Delhi

Business  /  Published 08.11.21

Bad loans spook starts to recede

The spectre of bad loans, which haunted the banking industry after the two distinct waves of the pandemic since March 2020, has started to vaporise and has become less of a threat today, bringing...
By Our Special Correspondent in Mumbai

Business  /  Published 07.11.21

IndusInd admits tech glitch

IndusInd Bank on Saturday admitted that its subsidiary had disbursed 84,000 loans without consent because of a ‘technical glitch’, even as it rejected allegations of loan evergreening. Ev...
By Our Special Correspondent in Mumbai

Business  /  Published 01.11.21

Bandhan Bank loan rejig

Bandhan Bank is on track to bring down the share of group microfinance loans in its portfolio to 50 per cent by March. This decision is part of the lender’s strategy to diversify its asset mix a...
By Pinak Ghosh in Calcutta

West Bengal  /  Published 31.10.21

Man shot at by kin over loan repayment

A person in his early thirties was allegedly shot at by his brother-in-law when he asked the latter to repay a loan. The incident occurred at 16th Mile area under Baishnabnagar police station on Satu...
By Soumya De Sarkar in Malda


India  /  Published 24.10.21

Congress pledge to waive UP farm loans

Priyanka Gandhi Vadra has pledged to waive all farm loans and halve electricity bills if the Congress is voted to power in Uttar Pradesh next year. Addressing a gathering in Barabanki on Saturday aft...
By Piyush Srivastava in Lucknow

Business  /  Published 18.10.21

BoI cuts home loan rates

State-run Bank of India on Sunday announced a cut in its interest rates on home and vehicle loans by 35 basis points and 50 basis points, respectively. The interest rate on home loans starts at 6.50 ...
By PTI in Mumbai

Business  /  Published 02.10.21

HDFC Bank in a spot over fake loan fee

A whistleblower has alleged that HDFC Bank has levied processing fees on customers who had submitted forged or suspected documents to get loans — instead of reporting them to the authorities. T...
By Our Bureau in Mumbai

Jharkhand  /  Published 02.10.21

Hemant directive on farmer loans

Jharkhand chief minister Hemant Soren has set a target of March 31 next year to link farmers with the Kisan Credit Card (KCC) scheme and by October 15 this year for linking rural homeless people with ...
By Animesh Bisoee in Jamshedpur

Business  /  Published 25.09.21

Banks can sell fraud loans

The Reserve Bank of India (RBI) has for the first time permitted the transfer of loans tagged as frauds to asset reconstruction companies (ARCs). The sale of fraud loans was allowed under the central...
By Our Special Correspondent in Mumbai


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