Search For "banks"
Plea in SC seeks to extend moratorium period till Dec 31
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 22 (ANI): A petition has been filed in the Supreme Court seeking directions to all the banks to extend the moratorium period till December 31 to ensure helping the borrowers in deferring their EMI payment on term loans.
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Indian public sector banks face fresh capital shortages as coronavirus bit
Updated : 5 years, 7 months ago IST
Singapore, Aug 21 (ANI): The sharp slowdown in India's economic growth exacerbated by coronavirus outbreak will hurt public sector banks' (PSBs) asset quality and drive up credit costs, Moody's Investors Service said in a new report on Friday.
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Equity indices edge higher, PSU banks and metals gain
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 21 (ANI): Equity benchmark indices gained during early hours on Friday tracking gains on Wall Street overnight and an uptrend in other Asian markets.
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Loans worth Rs 1 lakh crore disbursed under ECLGS to offset COVID-19 distr
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 20 (ANI): Banks from public and private sectors have sanctioned loans worth over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) of which more than Rs 1 lakh crore has already been disbursed, the government said on Thursday.
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Alert issued ahead of flushing of Salal Dam, people asked not to venture n
Updated : 5 years, 7 months ago IST
Reasi (Jammu and Kashmir) [India], August 20 (ANI): An alert was issued by the Salal Power Station on Thursday ahead of the opening of dam gates, asking people to stay away from Chenab river banks as water levels were likely to rise and affect Jammu and Kashmir's Reasi district.
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Past instances of bank loan restructuring do not inspire confidence: Ind-R
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 19 (ANI): The recently announced loan restructuring guidelines for COVID-19 related stress will provide banks with an opportunity to keep viable accounts as standard in their books, India Ratings and Research (Ind-Ra) said on Wednesday.
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Bharti Axa Life, SBM Bank forge bancassurance partnership
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 18 (ANI): Bharti Axa Life Insurance on Tuesday announced its bancassurance partnership with SBM Bank India, one of the youngest new-age banks in the country, for distribution of life insurance products.
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TJSB Bank strides ahead to achieve a business mix of Rs 17000 crores
Updated : 5 years, 7 months ago IST
Thane (Maharashtra) [India] Aug 18 (ANI/PRNewswire): TJSB Bank Ltd has been announcing its annual audited financial results on the tenth of April every year. TJSB always enjoyed the distinction of being one of the very few banks to declare the audited results in such a short span after the c
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Construction of India-assisted Arun-III hydropower project in Nepal on fas
Updated : 5 years, 7 months ago IST
Kathmandu [Nepal], Aug 16 (ANI): The construction of Arun-III hydropower project in Nepal's Sankhuwasabha district is on fast-track as five Indian banks and two Nepali banks have committed to lend debts for construction of the 900 MW mega power project.
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Total amount sanctioned under National Credit Guarantee stands at Rs 1,43,
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 14 (ANI): Union Finance Minister Nirmala Sitharaman on Friday said that a total amount sanctioned under the 100 per cent Emergency Credit Line Guarantee Scheme by public sector banks and private banks stands at Rs 1,43,318.09 crore.
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Gold loan relaxation of LTV norms to limit exposure appetite of banks: Ind
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 13 (ANI): Gold loan non-banking finance companies (NBFCs) are unlikely to be significantly impacted by the Reserve Bank of India's new guidelines allowing banks to lend up to 90 per cent of the gold value as prudent lending practices may demand lenders to be
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Nepal still banks on Indians heavily to revive its tourism sector
Updated : 5 years, 7 months ago IST
Kathmandu [Nepal], August 13 (ANI): Despite the COVID-19 induced economic slowdown, Nepal is expecting to host about 2 lakh foreign tourists in the ongoing fiscal year 2020-21, of which majority will be Indians, according to Nepal Tourism Board (NTB) officials.
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