In a bid to reach out to people across remote areas, the Public Sector Banks, including the State Bank of India will reach out to people by organising 'credit shamianas' for easy disbursal of loans. The move was a brainchild of finance minister Nirmala Sitharaman and is aimed to help farmers across the country.
IDBI Bank on August 30, 2019 had announced that it would introduce repo rate-linked home and auto loan with effect from September 10, 2019.
The accused, Raju Khan, a resident of Tirathpuri village, told some locals that he could arrange loans for them from a trust on low interest rates and collected Rs 52,000 from 11 people, including nine women, he said.
The scheme will aim at helping those who were exploited by private financiers
Mattis met the prime minister on the sidelines of the International Institute for Strategic Studies' 17th Asia Security Summit -- also known as the Shangri-La Dialogue -- in Singapore on Saturday.
About 43 per cent of loans are extended to the power generation sector, followed by distribution at 37 per cent and transmission at 20 per cent, the report said.
In case the borrower does not have a passport, the bank should obtain a certificate in the form of declaration that the person does not have the passport, sources said quoting the Finance Ministry's advisory to banks.
In a written reply, Jaitley said that writing-off of loans is done for tax benefit as well as capital optimisation and borrowers of such loans continue to be liable for repayment.
The extradition hearing of beleaguered liquor baron Vijay Mallya at the Westminster Magistrate’s Court in central London entered the second day on Tuesday.
Two weeks after amendments were brought to the Banking Regulation Act 1949 , the Reserve Bank of India (RBI) on Monday outlined the broad contours of an action-plan to resolve the Rs. 9.7 lakh crore bad debt
RBI today provided additional 60 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore.
New Delhi: Around 15 per cent of India's wilful defaulters who have found a place in the latest list released by All India Bank Employees Association (AIBEA) belong to Gujarati businessmen or businessmen based out
New Delhi: Government and RBI were today on the same page cautioning against overstating bad loan crisis in banks lest it hampers the lending operations, while markets regulator Sebi barred wilful defaulters from raising public
Patna: Seeing the life of a beggar usually saddens people but we have a story for you which will make you feel sorry for yourself. This is a tale of a beggar in Patna who
Taking ahead the work of the previous governments in the area of Micro, Small and Medium Enterprises Development, the NDA government has launched the Pradhan Mantri Mudra Yojana under the Micro Units Development and Refinance
Patna: The Centre has decided to raise Rs 6,000 crore to provide interest-free loans to farmers so that they do not have to go to moneylenders and fall into debt traps, Union Minister Ramvilas Paswan
New Delhi: Burdened with rising bad loans, mostly given to big corporates, banks learnt it hard way in 2014 that 'if you owe the bank 100 dollars that's your problem, but if you owe the
New Delhi: In a very real way, the home loan is the driving force behind the Indian residential real estate market. Without a home loan, a large portion of the Indian population would be forced
Hyderabad: The Telugu Desam Party (TDP) yesterday promised waiver of loans to farmers and women's self-help groups in both Seemandhra and Telangana if it comes to power.TDP chief N Chandrababu Naidu, who released his party
Top News
Latest News
