Loan | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 06:35 PM IST

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Banks are already saddled with NPAs of over Rs 8 lakh crore and there seems to be no respite from the mounting bad loans.

Banking sector stares at additional Rs 40,000 crore NPAs

Total outstanding loan of these accounts at the end of June 2017 were about Rs 42,000 crore.

22 Oct 2017 12:32 PM

Shares of the company closed almost flat at Rs 1,128.15 on the BSE.

InterGlobe to seek shareholders' nod for giving loans

Company would seek nod for extending travel benefits to the non-executive independent directors.

14 Oct 2017 12:16 PM

The number of beneficiaries under the scheme is more than the population of several countries. (Photo: Representational/PTI)

9 crore people given loans of Rs 4 lakh cr under Mudra scheme

Under the scheme 80 per cent are women and 55 per cent from OBC, SC and ST categories.

13 Oct 2017 5:57 PM

The loan processing fee under the scheme is Rs 2,000.

SBI's SME Assist to provide short-term loans to MSME clients

The SME customers of the bank can avail loan under the facility till March 31, 2018.

12 Oct 2017 1:02 PM

Company will use the funds for lending to its renewable energy and energy efficiency projects.

RCap arm to get Rs 300 cr loan from IREDA for green projects

Government has targeted to raise its renewable energy capacity to 175 GW by 2022 from 45 GW at present.

09 Oct 2017 2:22 PM

Fugitive liquor baron Vijay Mallya. (Photo: PTI)

Kingfisher probe: Officials, directors under lens for violations

Company's balance sheet was never strong and its credit rating was lower than what was required for sanctioning loans.

08 Oct 2017 5:49 PM

The airline expects the two banks to disburse the amount by next week, a source close to the development.

Air India ties up with PNB, IndusInd for Rs 3,250 crore loan

CCEA had given in-principle approval for strategic disinvestment of Air India and five of its subsidiaries.

27 Sep 2017 5:52 PM

This will help bank to expand its efforts to finance underserved people of country in less developed states.

IndusInd Bank secures $200 mn loan from ADB for microlending

As per the loan agreement, about 95 per cent of the ADB funding is to go towards credit to women borrowers.

15 Sep 2017 2:24 PM

A subsidiary of public sector lender Punjab National Bank, PNB Housing Finance is in the business of providing home loans.

PNB Housing Finance to raise up to Rs 1,000 cr via bonds

Stock of PNB Housing Finance closed 1.98 per cent down at Rs 1,593.50 apiece on BSE.

05 Sep 2017 9:36 AM

SBI has taken action against 1,444 such defaulters with outstanding loan of Rs 20,943 crore.(Photo: PTI/File)

PSU banks take recovery action against 5,954 wilful defaulters

Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs 92,376 crore.

27 Aug 2017 1:15 PM

Bigger banks are less motivated to work with MSMEs on loans due to smaller business accounts. (Representational Image)

Mergers of small banks may hurt MSME sector: report

Disadvantages of big banks are that services are less personable and local people abstain from reaching out to them.

05 Aug 2017 5:10 PM

The three-year syndicated loan comes as China's tech giants look to diversify their businesses as e-commerce growth slows, with rivals from Baidu Inc to Alibaba pushing into new areas from cloud computing to artificial intelligence.

Xiaomi gains new $1 billion loan to drive retail push, expansion overseas

Xiaomi signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push overseas.

28 Jul 2017 2:02 PM

The loans will be offered using algorithms, which will analyse a particular small business' repayment capacity.

DBS eyes SGD 500 million SME loans in 2018 through Tally tie-up

Mittal said the bank is targeting the sub-Rs 100 crore revenue companies under the tie-up initially.

27 Jul 2017 9:48 AM

The companies were directed to file their reply.

NCLT reserves order on SBI’s bankruptcy plea against Bhushan Steel

SBI is claiming to recover Rs 4,295 cr from Bhushan steel along with USD 490 million foreign currency loan.

19 Jul 2017 2:06 PM

The steel company's debt has increased to over Rs 42,000 crores.

Gujarat HC junks Essar Steel plea against RBI's order

Essar Steel was among 12 accounts that were identified for insolvency proceedings.

17 Jul 2017 5:35 PM

The new law mandates a 180-day deadline to resolve cases.

First test of India's new bankruptcy law offers cautionary tale

World Bank estimated it took 4.3 years on average in India to resolve insolvency under the old laws.

11 Jul 2017 10:41 AM

Gold Bond subscription opens Monday at Rs 2,780 per gm

Indexation benefits will be provided to long-term capital gains arising to any person on transfer of bond.

08 Jul 2017 12:56 PM

RBI mulls public credit registry to improve credit culture

Reporting of loan details to the PCR by lenders and/or borrowers is mandated by law.

07 Jul 2017 6:12 PM

GDP growth not as encouraging as it seems: Bajaj

Baja Auto's exports fell by over 19 per cent to Rs 7,880 crore while in US dollar terms they shrank by 23 per cent.

04 Jul 2017 1:48 PM

Services sector saw an increase of 4.1 per cent in advances in April, lower than the increase of 10.9 per cent in April 2016.

Non-food credit inches up 4.5 per cent in April

Loans to agriculture and allied activities rose by 7.4 per cent in April 2017, lower than the 15.3 per cent growth in April 2016.

02 Jul 2017 11:07 AM

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Dilip Cherian