Search For "borrower"
Individual borrowers to be brought under Insolvency code
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 4 (ANI): Ministry of Corporate Affairs Secretary Injeti Srinivas on Wednesday noted that individual borrowers would be brought under the ambit of the Insolvency and Bankruptcy Code, 2016 (IBC) in due time.
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Passport details compulsory against loans higher than Rs 50cr
Updated : 8 years ago IST
New Delhi [India], Mar. 10 (ANI): In the wake of recent scams unearthed in the banking sector, the Centre on Saturday directed public sector banks (PSBs) to collect passport details of new borrowers seeking to avail loans higher than Rs 50 crore.
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PHD Chamber expresses concern that PNB Fiasco might Impact Ease of doing B
Updated : 8 years ago IST
New Delhi [India], Feb 20 (ANI-NewsVoir): India's leading industry Chamber PHD Chamber of Commerce and Industry has expressed concern over the crisis triggered in the banking industry post Punjab National Bank episode. PHD Chamber is surprised how the banks internal audit system failed to de
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Finway Capital empowers borrowers with easy access to funds
Updated : 8 years ago IST
New Delhi [India], Feb 20 (ANI): Finway Capital, India's first Non-Banking Financial Company (NBFC) that assures 24 hours of Turn Around Time (TAT) on Tuesday introduced predictive intelligence technology to assess the payback capacity of loan seekers and borrowers whose applications are oft
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RBI to link base rate with MCLR
Updated : 8 years, 1 month ago IST
New Delhi [India] February 8 (ANI): The Reserve Bank of India (RBI) on Thursday said that it will link the base rate with the Marginal Cost of Funds based Lending Rates (MCLR) from April 1 to ensure expeditious transmission of its policy rate to borrowers.
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Fintech platforms to consider for hassle-free borrowing
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 27 (ANI): Financial technology platforms these days are helping to fill the credit gap in the economy. Different types of digital lending models are processing loan applications based on information such as psychometric analysis, social profiles, credit score, and have
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Credit deployment to power, telecom sector declining: ASSOCHAM
Updated : 8 years, 6 months ago IST
New Delhi [India], May 14 (ANI): An ASSOCHAM paper noted that with a declining appetite for both lenders and borrowers in debt-ridden sectors like power, telecom and mining, the deployment of bank credit to these has witnessed a plunge and the trend may continue unless the basic issue of re
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LoanTap goes live online, launches brand new website
Updated : 8 years, 6 months ago IST
New Delhi, July 20 (ANI): LoanTap, a one of its kind fintech platform delivering flexible EMI free loan products to salaried professionals is now live online with its website LoanTap.in. Borrowers can now apply for custom- made loan products from an array of offerings like overdraft facility
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