Search For "loan"
ICICI-Videocon: Finance Ministry unaware of BBB member's role
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 13 (ANI): The Finance Ministry on Friday claimed it was unaware of the involvement of Banks Board Bureau (BBB) member P Pradeep Kumar in the ongoing ICICI-Videocon loan case.
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Happy Loans acquires NBFC to strengthen its foothold in microlending space
Updated : 7 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr. 12 (ANI): Digital lending platform focusing on micro-credit for the MSME sector Happy Loans, on Thursday said that it has acquired a Non-Banking Financial Company (NBFC) IFMR Mezzanine Finance Private Limited, to use its own capital to deploy credit.
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ICICI loan case: CBI questions NuPower Renewables directors
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 12 (ANI): The Central Bureau of Investigation (CBI) on Thursday questioned Umanath Venkat Naik, the director of NuPower Renewables in connection with a case related to Rs 3,250 crore loan to the Videocon Group in 2012.
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AIIB to invest USD 140M to improve rural connectivity in Madhya Pradesh
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 12 (ANI): Approximately 1.5 million rural residents in Madhya Pradesh will directly benefit from improved livelihoods, education and mobility with the USD 140 million loan approved by the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) in a meeti
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RBI slaps Rs.3 Cr monetary penalty on IDBI bank
Updated : 7 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr. 12 (ANI): The Reserve Bank of India (RBI) imposed monetary penalty worth Rs. 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans.
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Cash Suvidha, StoreKing partner to disburse $5-6mn loans by FY'18 end
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 12 (ANI): Cash Suvidha, a trade name of Usha Financial Services, announced its partnership with rural digitisation and commerce optimisation platform, StoreKing, to jointly disburde loans worth nearly USD 6 million by the end of the current financial year.
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PNB scam: CBI initiates probe against Gitanjali Group
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 11 (ANI): The Central Bureau of Investigation (CBI) on Wednesday initiated a probe, in connection with the loan given to celebrity jeweller Nirav Modi's uncle and business partner, Mehul Choksi-led Gitanjali Group, by a 31-bank consortium.
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Auxilo Finserve plans to disburse Rs. 100 Cr. of education loan through it
Updated : 7 years, 11 months ago IST
Pune (Maharashtra) [India], Apr. 09 (NewsVoir): Auxilo Finserve Pvt Ltd., India's fastest growing education ecosystem NBFC, on Monday inaugurated its specialized centre in Pune and plans to disburse Rs. 100 crore of education loan in the next two financial years, from this centre.
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ICICI-Videocon row: CBI summons Rajeev Kochhar's brother-in-law
Updated : 7 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr. 8 (ANI): Amid the ongoing investigation regarding the sanctioning of a loan by ICICI Bank to Videocon Group on quid pro quo basis, the Central Bureau of Investigation on Sunday (CBI) summoned Rajeev Kochhar's brother-in-law Mahesh Pugalia for interrogation.
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In its drive to accelerate financial inclusion digitally, Paisabazaar reac
Updated : 7 years, 11 months ago IST
Gurgaon (Haryana) [India], Apr 06 (NewsVoir): Paisabazaar.com, India's largest loans and cards marketplace, announced today that it received more than 15 lakh product applications from 926 cities and towns across India last month.
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Case against Vadodara company for defaulting 2654 cr loan
Updated : 7 years, 11 months ago IST
New Delhi [India] April 5 (ANI): The Central Bureau of Investigation (CBI) on Thursday registered a case against Diamond Power Infrastructure Limited (DPIL) and its directors for defrauding 11 banks to the tune of Rs 2654 crore.
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'No reference from SFIO on Videocon-ICICI case'
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 4 (ANI): Amid a reported probe by the Serious Fraud Investigation Office (SFIO) regarding a Rs 3,250 loan sanctioned allegedly on quid pro quo basis to Videocon Group by the ICICI Bank, the Secretary of the Ministry of Corporate Affairs on Wednesday claimed that no
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