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Indian Loans
RBI enables Telangana to raise FRBM loans
Hyderabad: Following the request of Chief Minister K Chandrashekhar Rao (KCR) to lift the ban on government borrowing, the Reserve Bank of India on Friday allowed the government to opt for Open Market Borrowing (OMB) of Rs 4,000 crore.…
Genesis of the controversy for Gandhis: National Herald case history
New Delhi, June 1 (IANS): The Law Enforcement Directorate's summons to Sonia Gandhi and Rahul Gandhi, the top congressional leaders, in a money laundering investigation linked to the more than decade-old National Herald case, seems the…
Mukesh Ambani and Gautam Adani account for $1 in $5 of foreign loans
External Commercial Borrowing, or ECB, is a crucial source of funding to help businesses meet their financing needs.
Falling interest rates in foreign markets is one of the reasons companies choose to borrow in foreign currencies.
While…
Sri Lankan police tear gas protesters opposing the president
COLOMBO, Sri Lanka (AP) — Sri Lankan police used tear gas and water cannons on Saturday to disperse protesters who attempted to approach the president's office to demand his resignation due to the current economic crisis in the country.…
Falling Rupee Hits Students Studying Abroad: Here’s How to Manage Your Finances
With each drop in the rupee against foreign currencies, studying abroad becomes expensive. As a result, the dream of studying in foreign universities would become distant for aspiring students, while sustenance might become difficult for…
HDFC Bank, Retailio team on branded credit cards
HDFC Bank, India's largest private sector bank, has partnered with Retailio, India's B2B pharmaceutical marketplace, to roll out co-branded credit cards aimed at merchant segment pharmacies, a Livemint report said on Monday (May 23).
HDFC…
Debt-ridden T’gana needs breathing room – The New Indian Express
Telangana is crying foul over the new dictate that it cannot borrow from the market this year. The Centre's cut came at a time when the state hoped to raise Rs 53,000 crore this financial year through this route. The new…
Manappuram Finance shares fall on poor profit booking in March quarter
Manappuram Finance, in its fourth quarter earnings report, saw a 44% drop in net profit to Rs 261 crore from a net profit of Rs 468 crore reported in the same quarter a year ago.
“Our PAT (Profit After Tax) was temporarily affected due…
Can India play on both sides of the fence?
From the early 1800s, shortly after the Napoleonic Wars, the struggle between Britain and Tsarist Russia for economic and political dominance in Central Asia began. This struggle would come to be known as the "Good…
India delivers over 400,000 metric tonnes of fuel to Sri Lanka amid crisis
Amid the worst economic crisis in Sri Lanka, India has taken another initiative to extend its support and has provided 12 shipments and over 400,000 metric tons (MT) of fuel…
Corn Belt land values have soared 23% in the past year
Farmland values in Illinois, Indiana, Iowa, Michigan and Wisconsin collectively jumped 23% from April 2021 to April 2022, according to the May Ag Letter from the Federal Reserve Bank of Chicago. The data comes from survey…
The center offers loans to struggling power plants in a bid to avert the crisis
NEW DELHI : The government has ordered state-owned Power Finance Corp. (PFC) and REC Ltd to offer short-term loans to struggling power stations using imported coal to help them restart production, as part of…
ED arrests Seabay International partner in Rs 1,146 crore Chinese loan app case – Reuters
By Express press service
HYDERABAD: The Law Enforcement Directorate (ED) said on Monday that it had arrested Deepak Nayyar of New Delhi, a partner of Seabay International, for money laundering in connection with…
The fourth wave, big fear of impact on the sectors – The New Indian Express
Express press service
As Covid cases were down, life was returning to normal, but suddenly cases are rising across the country and in Karnataka, leading to fear and anxiety about the fourth wave in several areas, which…
A Bihar woman declared dead has been found alive with her lover in Punjab as her husband spends time…
Photo: iStockMotihari: A shocking case has been reported in Motihari district, Bihar, where a woman, who was pronounced dead, was found alive with her lover in Punjab. At the same time, the woman's husband was cooling his heels in jail for…
Bank of Baroda announces rate cut on car loans
Bank of Baroda (Bank), one of India's leading public sector banks, has announced a reduction in its interest rates on car loans from 7.00%* pa (7.25%* pa previously). Additionally, the Bank announced a reduction in processing fees…
Bank credit to micro and small businesses quadrupled in FY22, SBI report says
Credit and financing for MSMEs: Credit to Micro and Small Enterprises (MSEs) by All Scheduled Commercial Banks (ASCB) in FY 2021-22 stood at Rs 1.26 lakh crore, four times the credit growth of Rs 30,800 crore in FY21, according to data from…
China and the New Silk Road: The new global lender everyone is flocking to and dreading
The bone Developed countries wary of loans from Chinese billionaires. And even more when Beijing has become the world's largest lender in recent years. They fear this is just an elaborate long-term strategy to grab valuable assets.
It is…
Are you planning for graduate studies? Find out which bank offers the cheapest education loan
Popularly known as student loans, education loans help you borrow money from banks to pay for your education costs. Students opt for this type of loan mainly for higher education or specialized courses in reputable institutions inside and…
Parliamentary body accuses Foreign Office of US sanctions on Rab
A parliamentary body has accused the Foreign Office of being behind US sanctions against the Rapid Action Battalion (Rab) and its officials. The Parliamentary Standing Committee on Foreign Affairs in a meeting at Jatiya Sangsad…
Bajaj Finance Fixed deposit offering a special interest rate of up to 7.35% per annum: check the…
Pune, Maharashtra, India (NewsView) There is good news for all investors. Bajaj Finance Fixed Deposit offers special interest rates to all its clients. These special interest rates do not include the interest rate of up to 7.10% per…
Millions of student borrowers are on the verge of being debt free
Lyudmila Chernetska | Istock | Getty Images
The US Department of Education recently announced a number of massive changes to the federal student loan system, which it says could bring millions of borrowers one step closer to debt…
Explained: rising interest rates and investments in debt funds
With interest rates set to rise, the debt market is uncertain. Investors putting money into mutual funds and other securities are worried about their returns as the Reserve Bank of India prepares to raise interest rates in the coming…
Explained: What the MCLR Increase Means for You, Your Loan
The State Bank of India (SBI), India's largest commercial bank, on Monday raised the marginal cost of funds-based lending rates (MCLR) for the first time in three years, signaling that the rate regime flexible that prevails since 2019 could…
Ronnie Jo Horse: Keeping Our State’s Indigenous Communities Healthy | Columnists
RONNIE JO HORSE
The past few years have revealed huge, long-standing structural problems with affordable and accessible health care. The pandemic has heightened…
Back abandoned Parbhani now pays among the highest for fuel in India
Kishore Radhakrishan Dhage recalled how one day recently, as he was leaving home, his wife called him and urged him to cycle to their small soybean field 1.5 km away. “I can no longer afford to buy petrol. It costs more than what we spend…
Zhao Lijian, Chinese Foreign Ministry Spokesperson – The New Indian Express
By PTI
BEIJING (Reuters) - China reiterated on Tuesday that it was doing "everything possible" to provide assistance to debt-ridden Sri Lanka, even as Beijing maintained a constant silence on Colombo's demand for…
KreditBee’s new campaign highlights the convenience of using loans from its app
KreditBee, a fintech platform, today announced the launch of its first brand campaign, "Loans Anytime, Anywhere". The campaign aims to create brand awareness among its target consumers and highlights…
Deposit rates could rise, but repo anchors home loans
Mumbai: The cost of money, as reflected in deposit rates, is expected to rise gradually with hawkish policy statements from the Reserve Bank of India. The development comes even as the central bank kept rates unchanged but on Friday…
Yes Bank investors got richer by a third in April alone as the bank continues to see growth in loans…
Shares of Yes Bank had a tremendous rally in April, rising by a third since the start of the new fiscal year.
In addition to continued growth in deposits and advances, the bank also saw an improvement in its rating, giving its shares a…
Elon Musk Joins Twitter Board; The government is ready to launch Lic’s IPO by early May; 95%…
In today's key developments, Tesla CEO Elon Musk has been named to Twitter's board of directors, with the term expiring at its 2024 annual meeting of shareholders. the government is ready to launch LIC's IPO in early May. In addition, more…
Economics trumps geopolitics – Analysis – Eurasia Review
By Vivek Mishra
On his first bilateral visit, Japanese Prime Minister Kishida Fumio visited India at the start of a three-day tour through New Delhi and then Cambodia. During his meeting with Indian Prime Minister Narendra Modi, Kishida…
Make a smart investment choice this Gudi Padwa with Bajaj Finance fixed deposit
As the new fiscal year approaches, it's the perfect time to review your investments and set new annual financial goals. Every investment portfolio should incorporate a secure, risk-mitigating investment alternative in addition to…
Axis Bank acquires Citi’s retail business in India for Rs12,325 cr : The Tribune India
New Delhi, March 30
US bank Citigroup on Wednesday announced the sale of its Indian consumer banking business, including credit cards, retail banking, wealth management and consumer…
Parliament Budget Session 2022-23 India Highlights, Budget Highlights, Nirmala Sitharaman, Bills…
Parliamentarians at the Rajya Sabha during the second part of the budget session of Parliament, in New Delhi on Friday, March 25, 2022. (PTI)
The Delhi Municipal Corporation Amendment Bill, 2022, which seeks to unify the capital's…
Transaction between Yashwant Jadhav and bizman from the IT angle
The Income Tax Department is investigating a Rs 15 crore deal between former BMC standing committee chairman Yashwant Jadhav and a media company owned by Mumbai-based businessman Bimal Agarwal, who is also accused in the T20 IPL cricket…
Which bank offers the cheapest gold loan? See all the details here
New Delhi: If you suddenly need money, you can take out a gold loan from a bank. Gold loans can be very powerful options. Gold loans from banks or other financial institutions can be easily obtained and are cheaper than personal loans.…
The Black Homeownership Gap in Portland, Oregon
sombutwanitkul // Shutterstock
The Black Homeownership Gap in Portland, Oregon
When the Fair Housing Act of 1968 was signed into law, it prohibited racial discrimination in the sale of homes – a huge step forward for black…
Bihar DCCB disburses Rs 54 crores in KCC camp; RoC participates
During the Kisan Credit Card Mega Camp held recently in Bihar, more than 23 cooperative banks in the state were busy disbursing about Rs 54 crore to more than 18,000 farmers.The camp was organized in different banks in virtual mode by…
India Reliance may avoid Russian fuel after sanctions, official says
RIYADH: Central banks in the Gulf and the UK raised interest rates, while economic growth in New Zealand resurfaced. The United States has seen changing levels of unemployment.
Gulf Interest Rates
Gulf central banks on Wednesday…
ED attaches Rs 13.51 Cr properties of Hyderabad-based Servomax in bank fraud case – The New…
By Express press service
HYDERABAD: The Enforcement Directorate (ED) has provisionally seized 15 real estate properties worth over Rs 13.51 Crore belonging to Hyderabad-based M/s Servomax India Private Limited…
Kuhoo secures $20 million from West Bridge Capital — TechGraph
India-based student loan provider Kuhoo secured $20 million in serial seed funding from West Bridge Capital.
Sponsored The platform plans to provide online loans to students aspiring to study at universities in India and…
Explained: Why Chandigarh Housing Council is moving from leasehold to freehold
The Chandigarh Housing Board's (CHB) decision to auction freehold residential and commercial properties is an attempt to woo buyers who have not shown interest in leasehold properties for a long time. Although the CHB received a nod for…
Kirloskar Ferrous takes over Indian Seamless for Rs 670 cr
Kirloskar Ferrous Industries, a leading manufacturer of pig iron and gray iron castings, has taken a majority stake in specialist seamless tube maker Indian Seamless Metal…
No respite in budget, TSRTC sweats in debt heat – The New Indian Express
Express press service
HYDERABAD: The TSRTC getting a 'rough deal' in the budget has raised fears that the transport utility company could take on more debt. Management already owes nearly Rs 2,500 crore to staff and…
How a stray sighting on a subway train inspired two Princeton grads to start a women’s fintech…
study at IIT Roorkee and pursuing her bachelor's and master's degrees in technology at a time when women weren't allowed to dream of a life beyond domestic life At Poshak Agrawal mother the greatest inspiration he could have asked for in…
Banking Risk Monthly Outlook: March 2022
Further easing of residential mortgage lending to major cities in mainland ChinaLack of public capital injections into banks to boost privatization efforts in IndiaTighter macroprudential policy in emerging Europe due…
Indian banks’ share price: Indian banks’ asset quality issues largely resolved: Nilanjan…
In recent years, an association inextricably linked to the Indian banking system is that of an entity that is almost crumbling under the weight of loans that may never be recovered. This unfortunate coupling has now been largely eroded,…
LPG bottle at Rs 500, 5 lakh new government jobs in Cong manifesto plan in Chintan Shibir
KITCHEN GAS cylinders at Rs 500 apiece, subsidized electricity, agricultural loan waivers and price support for dairy farmers, compensation of Rs 4 lakh to relatives of Covid-19 victims and five lakh new government jobs – these are just a…
Explained: Importance of credit rating in getting a loan and how to fix it
Recently, there have been several cases where fraudsters used permanent account numbers and other identity documents of people to avail loans from fintech companies and non-bank financial companies (NBFCs). As these loans remain unpaid, it…
Indian neobank Niyo raises $100 million and surpasses 4 million customers – TechCrunch
India's Niyo has raised $100m in a new funding round as the consumer-facing neobank platform seeks to add loans and other features to its offerings and make deeper inroads into the market. second largest Internet…
Get Easy Tribal Loans for Bad Credit at Heart
Post views: 114Tribal loans primarily offer financial assistance to Indian or Native American tribal communities who cannot avail of the available payday loans. Tribal moneylenders issue them to people who need money to meet immediate…
adb: IIFL Home Finance to secure $68m in AfDB loans
Multilateral finance agency Asian Development Bank has offered $68 million in financing to IIFL Home Finance to expand its footprint in the affordable and green housing segment.
The financing includes a direct loan from the AfDB of $58…
NBFCs Seek Priority Sector Tag for Bank Credit Funded 2 Wheeler Loans
Finance companies have applied for priority sector lender status for money they receive from banks to provide loans for the purchase of two-wheelers (TWs). This would help…
Man dies by suicide after being ‘harassed for loan repayment he didn’t even…
PUNE Police are investigating a case in which a 22-year-old man died by suicide after executives of a financial company allegedly harassed him and circulated his processed images to his relatives for the collection of a loan of Rs 8,000…
Bajaj Finance’s strong digital move has made it bigger than home lending giant HDFC
Bajaj Finance's market capitalization exceeds that of HDFC, one of the largest real estate finance companies.With this, Bajaj Finance is now the eighth largest company on the exchanges by market capitalization.The market capitalization of…
Green finance: can India seize the opportunity?
In the Union budget, the government announced its intention to promote green bonds to support investments in climate-friendly projects. This is a timely move as India urgently needs to scale up its funding to meet its climate obligations…
Reducing social spending right now is a dangerous bet
A week before the presentation of the Union budget, the Chairman of Hindustan Unilever (HUL) asked the Minister of Finance (FM) to plan a Mahatma Gandhi-like National Rural Employment Guarantee Scheme for the urban poor. He said personal…
RBI should not rush the launch of India’s official digital rupee
India has surprised the payments world by announcing that its central bank will issue digital currency as early as 2022-23, a crucial decision that most major economies refuse to make in a hurry. According to Finance…
Sensex, Nifty to slide on mixed global signals; Focus on RIL, SBI, Zee, PVR and Paytm shares
Indian equity benchmarks are likely to start the week on a bearish note, following mixed signals from Asian peers. SGX Nifty futures trends also indicated a lower open for domestic exchanges, with Nifty futures trading 34 points, or…
Paytm Q3 loss widens to Rs 778.5 crores – The New Indian Express
Through PTI
NEW DELHI: Digital payments and financial services company One97 Communications, which operates under the Paytm brand, on Friday reported widening consolidated loss to Rs 778.5 crore in the December…
Budget will boost Jammu and Kashmir’s infrastructure and economy, says LG Manoj Sinha
The administration of the union territory of Jammu and Kashmir on Thursday described the union budget as a step towards strengthening the infrastructure and economy of Jammu and Kashmir.
The Union Territory has received Rs 35,581.44 Crore…
India’s textile industry needs a ‘point in time’
By Radharaman Hari KothandaramanAlthough this year's budget avoided too many sector-specific announcements, the only sector that should have deserved special attention was the textile and clothing industry, the second largest job generator…
Make-in-India one of the fastest growing economies, 10 points from Prez Kovind’s speech
Parliament's budget session began with President Ram Nath Kovind's speech to both houses in the central hall. He said, “My government believes it is important for the future of the country to remember the past and learn from it.…
Budget 2022: Incentive for home loans and increase in limit from 80c to Rs 2 lakh are key investor…
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S&P raises outlook for Axis Bank to positive on improving asset quality
Standard and Poor's (S&P) on Wednesday revised its outlook for Indian bank Axis from "stable" to "positive", citing the private lender's improving asset quality.
The rating agency affirmed the bank's long-term 'BB+' and…
Intertribal Council Supports Wildlife Management – FOX23 News
TAHLEQUAH, Okla. – Leaders of the Five Tribes Intertribal Council met for their quarterly meeting Jan. 14 via videoconference, the Cherokee Nation said in a news release. Tribal leaders discussed their response and recovery efforts amid…
Thousands of people are expected to show up; DC says no clearance taken
The rally was named Jhujjar rally by the union. (Express)
Amid a ban on political rallies in the state ahead of assembly elections, the BKU (Dakaunda) farmers' union is set to hold a nationwide farmers' rally on Friday. State at the…
Enjoy high FD rates and deposit security with Bajaj Finance FD
NNA |
Update: January 19, 2022 12:37 STI
Pune (Maharashtra) , January 19 (ANI/NewsView): Fixed deposit is one of the…
Banks seek tax breaks for contact-intensive industries and higher home loan repayments from…
Banks have asked the government to consider tax breaks for contact-intensive industries hit by the pandemic amid fears of building up stress after the third wave ahead of the Union budget next month. Hospitality, aviation, travel and…
Instant Loan up to Rs. 3 Lac to Instant MSMEs by GPay & Indifi Technologies
Instant Loan up to Rs. 3 Lac to Instant MSMEs by GPay & Indifi Technologies…
Arvog Partners With Augmont Gold For All To Provide Easy-To-Use Gold Lending Services To NBFCs
Bombay (Maharashtra) , Jan 10 (ANI / BusinessWire India): Arvog is a diversified, modern, smart technology-based venture capital finance and growth investment firm providing simple but relevant financial products and services . It is…
Top 5 Government Business Loan Programs in India in 2022
The Government of India (GOI) initiates various programs and policies to bring about change in the economic situation of the country. The factors related to the futuristic approach of various companies must be secured and supported by…
Coca-Cola and Constellation Brands launch the Fresca cocktail
(NewsNation Now) - Coca-Cola and Constellation Brands, the brewer of Corona and Modelo, are joining forces to create a range of ready-to-drink Fresca cocktails.
Zero-calorie soda is the fastest growing Coca-Cola soft drink in the…
MP’s office approves government procurement agency assistance program
The Madhya Pradesh government, at a Cabinet meeting on Tuesday, praised MP Mukhyamantri Krishak Uparjan Sahayta Yojna, a program to provide a budget allocation to enable government agencies such as Food and Civil Supplies Corporation and…
“PSU banks’ books are better than those before Covid”
Mumbai: Public Sector Banks (PSBs) got much stronger after the pandemic due to the cleanup and consolidation that preceded it. In an interview with TOI, Rajkiran Rai, Managing Director and CEO of Union Bank of India (and former Chairman of…
12 dead and 14 injured in stampede at Mata Vaishno Devi shrine
Vaishno Devi Yatra attracts thousands of pilgrims to Katra daily. The pilgrim rush is particularly high during the Navratras.Shrine officials said the stampede occurred when large numbers of worshipers entered Mata Vaishno Devi Bhawan…
6 Ways To Take Advantage Of Festive Holiday Home Loan Offers
New Delhi | Jagran brand office: As we welcome 2022, a recent study published by ANAROCK suggests that India's top 7 cities saw a 113% year-over-year increase in home sales in the third quarter of 2021. It's a nod to strong demand. that…
Write-offs in Covid Year Help Banks Reduce Bad Debt: RBI
THE BANKING sector succeeded in improving the quality of assets during the Covid year, the ratio of gross non-performing assets to advances rising from 8.2% at the end of March 2020 to 7.3% at the end of March 2021 - and again to 6.9% at…
Yocket: hassle-free and easy study abroad
This tech-driven startup leverages AI and ML to help students find the best university to study abroad
Indians have always viewed study abroad as an expensive process. While this is somewhat true, it is also an exhaustive process. The…