STATE DEVELOPMENT LOANS
SBI loan against mutual funds: How to avail, interest rate, processing fee State Bank of India (SBI) launches an online loan facility against mutual fund (MF) units via Internet Banking (INB) and the YONO App. The new loan facility is extended at attractive interest rates to mutual fund schemes of all Asset Management Comp...
11 Jul, 2024, 01.35 PM ISTPakistan's public sector enterprises suffocate under mounting PKR 1.7 trillion debt Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7 trillion, with an additional borrowing exceeding Rs43 billion in the fiscal year 2024.
08 Jul, 2024, 07.48 AM ISTBudget 2024: A coalition budget may require Modi to bow down to states' demand Budget 2024: The Indian government's coalition government, led by Narendra Modi, may face challenges in achieving a 'Viksit Bharat' due to the recent meeting between Telugu Desam Party (TDP) supremo Nara Chandrababu Naidu and BJP's top-brass. Naidu ...
06 Jul, 2024, 03.18 PM IST- ADVERTISEMENT
Jharkhand govt contemplates to waive farm loan up to Rs 2 lakh: CM Champai Soren "We waived Rs 40,000 farmers' loan in the past and are planning to increase it to Rs 2 lakh. Similarly, the current base of 125 unit free electricity will be increased to 200 units," Soren said while addressing a meeting at Gandhi Maidan in Jamshedp...
16 Jun, 2024, 08.07 PM ISTHome loan interest rates June 2024: These banks offer cheapest interest rates for home loans above Rs 75 lakh Home loan interest rates June 2024: A home loan is a secured loan for a borrower to buy a home. The loan amount is repaid via equated monthly installments (EMI). Here is a list of banks offering the best home loan interest rates for loans above Rs 7...
13 Jun, 2024, 04.43 PM ISTSBI changes gears, links car dealer commissions to their performance State Bank of India (SBI), the country's largest lender, is set to link the commission it pays to car dealers for sourcing loans to sales, aiming to reduce costs and improve profitability. The revised payout structure will be applicable for all sour...
01 Jun, 2024, 12.53 AM ISTPledged $2.6 bn sovereign loans to India in 2023: ADB The Asian Development Bank (ADB) has pledged $2.6 billion in sovereign lending to India in 2023 for projects aimed at urban development, industrial corridor projects, power reforms, climate resilience, horticulture, and connectivity. The multilatera...
30 May, 2024, 01.01 AM ISTADB commits USD 2.6 billion in sovereign lending to India Asian Development Bank (ADB) committed USD 2.6 billion (about Rs 21,500 crore) in sovereign lending to India in 2023 for various projects. The fund is aimed to strengthen urban development, support industrial corridor development, promote power sect...
29 May, 2024, 07.43 PM ISTLarge Indian banks are expected to improve their asset quality in the current fiscal: S&P India's top banks are set for asset quality improvement in the fiscal year, driven by record profits, which will enhance their balance sheets and underwriting standards. Despite a rise in HDFC Bank's nonperforming loans post-merger, all major banks ...
29 May, 2024, 04.26 PM ISTPSBs seek changes to rules for Infra loans, may approach govt State-owned lenders plan to approach the government seeking changes to terms governing performance bank guarantees (PBGs), timely compensation from concessioning authorities, and greater immunity for board members sanctioning funds for infrastructur...
27 May, 2024, 12.54 AM ISTTata Power seeks up to $1 billion loan for clean energy projects The unit of Tata Group, one of India’s largest conglomerates, is in talks with lenders including State Bank of India, IndusInd Bank, Axis Bank and ICICI Bank for the loan, people familiar with the matter said, asking not to be identified as the info...
24 May, 2024, 09.36 AM ISTRBI's record dividend invites mixed reactions from economists The Reserve Bank of India's (RBI) decision to declare its highest-ever dividend of Rs 2.11 lakh crore has sparked mixed reactions from economists. Noted economist Suman Mukherjee views it as a sign of economic strength, attributing the windfall to v...
23 May, 2024, 08.01 PM ISTUS court says Riju Ravindran’s testimony “lacks credibility”, imposes penalty: Byju’s lender group An Indian tech firm, Think & Learn Pvt, faces penalties for concealing $533 million from lenders. Riju Ravindran, a director, failed to locate the funds, prompting US Bankruptcy Judge Dorsey to call his testimony dishonest. Despite no extradition tr...
22 May, 2024, 08.20 PM ISTFlat stuck in a delayed or stalled real estate project? Six things aggrieved homebuyers can do Homebuyers stuck in stalled real estate projects face financial strain and uncertainty. They pay EMIs and rent while bearing the loss of opportunity cost. If you have property in a delayed or stalled real estate project, here are some things you can...
21 May, 2024, 01.00 PM ISTFusion MicroFinance to raise $25 mn from DFC Fusion MicroFinance is raising $25 million from the US International Development Finance Corporation (DFC) for growth capital, following a $20 million loan facility. The micro loan lender has already received $20 million from DFC. Fusion, founded in...
17 May, 2024, 01.04 PM ISTChina considers government purchases of unsold homes: Reports China plans for local governments to buy unsold homes to address the property crisis, with the State Council evaluating feasibility and awaiting a decision from the country's leaders.
15 May, 2024, 09.40 AM ISTIndian economy projected to expand at 6.6% in FY25, says Moody's The agency highlighted that strong credit demand, fueled by robust economic growth, will bolster the profitability of the Non-Banking Financial Company (NBFC) sector.
14 May, 2024, 08.46 PM ISTWill waive farmers' loans, bring MSP, if come to power: Akhilesh Yadav in UP's Jalaun "The people of Bundelkhand overwhelmingly voted for the BJP. For the last 10 years, they (BJP) have been the MPs and their government is there. The Uttar Pradesh government has been in power for seven years. This government did not give anything to ...
14 May, 2024, 07.57 PM ISTIndia's mutual funds to keep buying state bonds as yields to come off, fund managers say Mutual funds have net sold central government bonds worth 143 billion rupees ($1.72 billion) over the last seven sessions, including a record single-session sale of more than 60 billion rupees on Monday, data showed.
28 Mar, 2024, 04.11 PM ISTChina pushes banks to speed approvals of new loans to private developers, say sources Chinese regulators are urging banks to expedite the approval of new loans to cash-starved private property developers to revive homebuyer sentiment and alleviate lenders' asset quality. The "whitelist" mechanism, Beijing's latest support measure, ai...
25 Mar, 2024, 04.49 PM IST