Search For "loans"
Indian public sector banks face fresh capital shortages as coronavirus bit
Updated : 5 years, 6 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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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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CCEA approves one-time relaxation to PFC, REC for extending loans to disco
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 19 (ANI): The Cabinet Committee on Economic Affairs has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans to Distribution Companies (discoms) above limits of the working capital cap of 25 p
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J-K apple growers get subsidy under PMDP for constructing packing sheds
Updated : 5 years, 7 months ago IST
Anantnag (Jammu and Kashmir) [India], Aug 19 (ANI): The horticulture department is providing apple growers with loans and subsidies for the construction of packing and grading sheds under the Prime Minister's Development Package (PMDP), announced by Prime Minister Narendra Modi in 2015 for J
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Refinancing needs to rise as NBFCs roll out restructuring plans: Ind-Ra
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 12 (ANI): The Reserve Bank of India's decision allowing lenders to restructure loans will increase their refinancing requirements, especially for non-banking banking companies (NBFCs), India Ratings and Research (Ind-Ra) said on Wednesday.
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West Bengal govt launches scheme to provide soft loans, subsidies to youth
Updated : 5 years, 7 months ago IST
Kolkata (West Bengal) [India], Aug 12 (ANI): On the occasion of International Youth Day, the West Bengal government launched 'Karma Sathi Prakalpa' scheme under which one lakh unemployed youth would be provided soft loans and subsidies to make them self-reliant, informed Chief Minister Mamat
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India's bank debt restructuring to delay NPL recognition: Fitch
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 11 (ANI): The Reserve Bank of India's (RBI's) recent proposal to allow banks to restructure many types of loans will extend uncertainty over the banking sector's asset quality, Fitch Ratings said on Tuesday.
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No common benchmark for reporting portfolio under moratorium creating disc
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 8 (ANI): The absence of a common benchmark for lenders for reporting loans under moratorium has led to mismatches between the data in financial stability report published by the Reserve Bank of India (RBI) and the reported data of individual banks, India Rat
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RBI's move on 90 per cent LTV on gold loans to heighten credit risk for ba
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 7 (ANI): Brickwork Ratings has said that an increase in loan to value (LTV) ratio to 90 per cent for borrowers increases the credit risk for banks as the collateral available in the form of gold ornaments or jewellery may not be sufficient to fully cover
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RBI names three more members in Kamath committee on loan restructuring
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 7 (ANI): The Reserve Bank of India (RBI) on Friday announced the members of Kamath committee who will frame rules for the one-time restructuring of loans for stressed borrowers proposed by the central bank a day earlier.
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Experts welcome RBI's move to restructure MSME loans
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 6 (ANI): Industry experts on Thursday welcomed the Reserve Bank of India's (RBI's) accommodative stance and keep the key repo rate unchanged in view of spurting inflationary pressures.
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RBI keeps repo rate unchanged at 4 pc, GDP growth seen negative in FY21
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 6 (ANI): The Reserve Bank of India (RBI) on Thursday kept the key repo rate unchanged at 4 per cent in view of rising inflation and faint signs of economic growth amid the gradual lifting of coronavirus (COVID-19) countrywide lockdown.
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