Advertisement


Loans
Business  /  Published 11.07.20

Uday Kotak calls for recapitalisation

Veteran banker Uday Kotak has said the financial sector needs recapitalisation as the capital position has been affected by rising bad loans. The Kotak Mahindra Bank managing director has also disclos...
By Our Special Correspondent in Mumbai

Business  /  Published 05.07.20

Bank recap on plate

The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time, sources said. ...
By PTI in New Delhi

Business  /  Published 08.06.20

Spectre of zero credit growth

The lockdown has raised the spectre of stagnant bank credit this fiscal.Rating agency Crisil has forecast credit to grow just 0-1 per cent in 2020-21 against its earlier projection of 8-9 per cent.Cri...
By Our Special Correspondent in Mumbai

Business  /  Published 08.06.20

For bad banks, key issues need to be addressed: Uday Kotak

Setting up of a bad bank to deal with the problem of mounting NPAs is not a good idea and will not yield desired results unless some key aspects like transparency and recovery rate are addressed, newl...
By PTI in New Delhi

Business  /  Published 07.06.20

Indian Overseas Bank cuts MCLR by up to 30 bps

Public sector lender Indian Overseas Bank has cut marginal cost of funds based lending rate (MCLR) by up to 0.30 per cent across all tenors, which will bring down cost for consumer loans.The benchmark...
By PTI in New Delhi

Business  /  Published 23.05.20

Maruti defers EMI start date

In a move to spur demand, Maruti Suzuki India on Friday announced a “buy now, pay later” scheme in partnership with Cholamandalam Investment & Finance (CIFCL) for select models.The offer would...
By Our Special Correspondent in New Delhi

Business  /  Published 21.05.20

MSME loan rate set at 9.25%

The Union cabinet on Wednesday approved funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard...
By Our Special Correspondent in New Delhi

Business  /  Published 19.05.20

RIL details rights offer use

Reliance Industries (RIL) will use almost 75 per cent of the proceeds of its rights issue for the repayment of some of its borrowings, according to the offer document.The oil-to-telecom giant expects ...
By Our Special Correspondent in Mumbai

Business  /  Published 19.05.20

Government claims surge in credit flow

State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors, including MSMEs, agriculture and retail between March 1 and May 15 when businesses were reeling under the imp...
By PTI in New Delhi

Business  /  Published 13.05.20

BRICS' bank disburses $1bn loan to India

The New Development Bank of the BRICS countries has fully disbursed USD one billion emergency assistance loan to India to help it contain the spread of Covid-19 and reduce human, social and economic l...
By PTI in Beijing


Advertisement

Download our latest App

to get update on the go...

Advertisement

Advertisement
 
Copyright © 2020 The Telegraph. All rights reserved.