Search For "borrowers"
Union Cabinet approves scheme for grant of ex-gratia payment of difference
Updated : 4 years, 2 months ago IST
New Delhi [India], January 19 (ANI): The Union Cabinet led by Prime Minister Narendra Modi on Wednesday approved a scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months to borrowers in specified loan accounts with an aim to help
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Centre lists steps taken to improve flow of credit to MSME sector in RS
Updated : 4 years, 3 months ago IST
New Delhi [India], December 22 (ANI): Union Minister of State for Finance Dr Bhagwat Kisanrao Karad has said that the Centre has announced Emergency Credit Line Guarantee Scheme as part of the Aatma Nirbhar Bharat Package with the objective to help MSMEs and business enterprises to meet thei
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Bank of Baroda signs MoU with Centrum Housing Finance Limited for sourcing
Updated : 4 years, 3 months ago IST
Mumbai (India), December 9 (ANI): Bank of Baroda has signed an MoU with Centrum Housing Finance Limited (CHFL) for sourcing and financing housing loan borrowers under Co-lending Model (CLM) mechanism.
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SATYA Micro capital reaches 6 lac active loan clients within 5 years of se
Updated : 4 years, 4 months ago IST
New Delhi [India], October 29 (ANI/NewsVoir): SATYA MicroCapital Ltd. reached 6 lac active loan clients on its 5th year anniversary. With AUM of approx. 1700 Cr and having disbursed 10 Lac loans to its borrowers, the MFI has recorded remarkable growth since Day 1 of its inception. SATYA has
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China's hidden debt, a major problem for borrowers
Updated : 4 years, 5 months ago IST
Beijing [China] October 3 (ANI): Different countries owe at least USD 385 billion amount of debt to China which has slipped through scrutiny of international lenders such as the World Bank and the International Monetary Fund (IMF).
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Indel Money partners with IndusInd Bank for India's first conventional gol
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI/NewsVoir): Indel Money, a non-banking finance company (NBFC) pioneering in gold loans, has entered into a first-of-its-kind conventional gold loan co-lending partnership with IndusInd Bank to offer gold loans at competitive rates to a bigger an
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Collection recovery in securitisation transactions yet to catch up: Ind-Ra
Updated : 4 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 20 (ANI): India Ratings and Research (Ind-Ra) has said it witnessed a recovery in average current collection efficiency to 79 per cent in July from 67 per cent in May across 143 rated securitisation transactions.
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Indian banks' improved performance reflects deferred recognition of asset
Updated : 4 years, 6 months ago IST
London [UK], September 10 (ANI): Indian banks' improved performance for the financial year ended March 2021 (FY21) is in contrast to the stress evident from extension of Covid-19-related relief measures to borrowers, Fitch Ratings has said.
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China debt-traps nations with confidentiality clauses, says report
Updated : 4 years, 7 months ago IST
Beijing [China], August 25 (ANI): China, which is the world's largest creditor, is shockingly using confidentiality clauses barring borrowers from revealing terms and conditions of the engagement or even the existence of the debt itself.
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First-time borrowers and first generation entrepreneurs displayed tremendo
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 2 (ANI/PRNewswire): NeoGrowth, India's leading digital lender serving underbanked SME businesses, recently released the Social Impact Report 2021, which indicated that the company extended 64.5 percent of its loans to first-time borrowers while 84 percent
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Relief measures underscore Indian banks' challenges despite improved FY21
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra), July 7 (ANI): Indian banks' improved performance for the financial year ended March 2021 (FY21) is in contrast to stress evident from extension of Covid-19 related relief measures to borrowers, Fitch Ratings said in a report released on Wednesday.
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Centre announces Credit Guarantee Scheme to facilitate new lending among s
Updated : 4 years, 9 months ago IST
New Delhi [India], June 28 (ANI): The Centre on Monday announced Credit Guarantee Scheme to facilitate new lending among the smallest borrowers and stated that this includes the 'stressed borrowers'.
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