Central bank data showed that bank credit to the private sector considered an engine of economic growth, dropped over fivefold in the period under review during the current difficult times. It clearly showed that businesses had been badly hit by the ongoing economic and political crisis.
New Delhi [India], April 29 (ANI/ATK): Gold has been a reliable store of value for centuries, making it a popular choice as collateral. Whether you need funds for personal or business purposes, borrowing against gold can provide a quick and easy solution. However, the gold loan interest rate
According to the State Bank of Pakistan Act amended in 2022 on the dictation of the International Monetary Fund (IMF), government borrowing from the central bank is banned.
An unprecedented economic slowdown is set to haunt Pakistan's future from the very near term onwards. Over the past 18 months, domestic interest rates have raced by 14 per cent to the present 21 per cent, setting the course for suppressed borrowing by the mainstream, The News.com reported.
The report says Pakistan's economy is under stress with low foreign reserves and high inflation. Activity has fallen with policy tightening, flood impacts, import controls, increased borrowing and fuel costs, low confidence, protracted policy and political uncertainty. Despite some projected
Pune (Maharashtra) [India], April 7 (ANI/NewsVoir): It can often be a difficult and time-consuming process to apply for a loan of any kind. One has to collect all relevant documents, visit branches of lenders, and finish application procedures before even knowing the eligibility for a person
Pune (Maharashtra) [India], April 1 (ANI/NewsVoir): Bajaj Finance Limited has launched the Insta Personal Loan as its latest product offering in the loans segment. Existing customers can get a pre-approved personal loan of up to Rs. 10 lakh, with money disbursed within 30 minutes to 4 hours
Thapa also raised the same concern during his valedictory remarks in the Assembly, wherein he stated, "We have around Rs. 3000 crores of revenue but our loan is about Rs. 27,000 Crores. Instead of plugging the leakage of revenue or increasing the revenue, we are borrowing all the time."
Pakistan is in a fix as it has entered into a vicious cycle of borrowing loans to pay off the debts it had taken earlier, thus displaying the scenario that the country's economy will spiral out of control as even friendly countries refused to provide any more easy financial bailout or intere
Mumbai (Maharashtra) [India], March 14 (ANI/NewsVoir): Public issue of Bright Outdoor Media Ltd - engaged in the business of providing advertising media services consisting Out of Home (OOH) media services is scheduled to open for subscription on March 14. Company is planning to raise Rs 55.
The company also reported its profit before tax for the nine-months ended December 31, 2022, stood at Rs 14,616 crore compared to Rs 12,624 crore in the corresponding period of the previous year. After providing Rs 2,802 crore for tax, the reported profit after tax stood at Rs 11,814 crore,