Bank Loans

Banks' Loans Rise 10.2% In Two Weeks To August 30: Reserve Bank Of India

Business | Thomson Reuters | Friday September 13, 2019

Outstanding loans rose Rs 9 lakh crore to Rs 96.81 lakh crore in the two weeks ended August. 30.

RBI External Benchmark For Bank Loans Credit Negative: Moody's

Business | Indo-Asian News Service | Tuesday September 10, 2019

The new external reference rate could either be the central bank's key lending, repo rate, or the three-month or six-month treasury bill rates.

IDBI Bank Repo-Linked Retail Loans Effective From October 1

Business | Indo-Asian News Service | Monday September 9, 2019

IDBI Bank had earlier said that it would introduce repo rate-linked home and auto loans with effect from September 10.

Ratul Puri Sent To Judicial Custody Till September 17 In Bank Fraud Case

India News | Press Trust of India | Tuesday September 3, 2019

A Delhi court Tuesday sent Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, to judicial custody till September 17 in the Enforcement Directorate's money laundering case related to a bank loan fraud.

Ratul Puri's Enforcement Directorate Custody Extended By 4 Days

India News | Press Trust of India | Friday August 30, 2019

A Delhi court Friday extended by four days the custodial interrogation of Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, by the Enforcement Directorate in the money-laundering case related to a bank loan fraud.

Ratul Puri's Enforcement Directorate Custody Extended In Bank Fraud Case

India News | Press Trust of India | Monday August 26, 2019

A Delhi court on Monday extended by four days the custodial interrogation of Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, by the Enforcement Directorate (ED) in the money laundering case related to a bank loan fraud.

RBI Considers Linking Some New Bank Loans To Benchmark Rate

Business | Thomson Reuters | Monday August 19, 2019

Commercial banks cite high deposit rates for their inability to cut loan ones. Marginal reductions restrict how much borrowers benefit from the repo cuts.

Auto Industry Slowdown Hits Lakhs Of Jobs

J Sam Daniel Stalin | Friday August 9, 2019

The slowdown in auto sector has rendered an estimated three lakh and a fifty thousand people jobless due to spiraling lay offs in the automobile industry. In Chennai's Amabattur industrial estate the slowdown has crippled John Peter makes valve components. Over the last five months, his 8 lakh monthly turnover has dropped by ninety percent, to just...

Tamil Nadu Farmer Ends Life In Front Of Bank Over Repayment Of Loan

Tamil Nadu News | Press Trust of India | Thursday August 1, 2019

A 60-year old farmer committed suicide in front of a bank in Coimbatore on Thursday after he was informed property documents pledged by him for a group loan can be returned only on repayment of the entire loan and not a part amount that he was willing to make, police said.

Second Fake Call Centre Busted Within A Week In Noida, 5 Arrested

Noida News | Press Trust of India | Thursday August 1, 2019

Five people, including two women, were arrested in Noida for running a fake call centre and allegedly duping hundreds of people on the pretext of providing them jobs and bank loans, police said on Thursday.

Probe Agency Attaches Rs 480 Crore Assets Of Basmati Rice Firm Over Fraud

India News | Press Trust of India | Thursday August 1, 2019

The Enforcement Directorate today said that it has attached assets worth over Rs 480 crore of REI Agro Ltd, a prominent basmati rice processing company, in connection with an alleged multi-crore bank loan fraud case.

83 Notices Issued Against Loan Defaulters To Stop Them From Fleeing India

India News | Press Trust of India | Thursday July 25, 2019

As many as 83 Look Out Circulars have been issued by the government against promoters of companies who have defaulted on their bank loans, preventing them from leaving the country, Union minister Nityanand Rai said on Wednesday.

Banks' Loans Rise 12% In Fortnight To July 5: RBI

Business | Thomson Reuters | Friday July 19, 2019

Bank deposits rose Rs 1.82 lakh crore to 126.75 lakh crore in the two weeks ended July 5

Kerala To Get $ 250 Million World Bank Loan For Flood Resilient Programme

India News | Press Trust of India | Tuesday July 16, 2019

Marking its first ''state partnership'' in India, the World Bank will extend a USD 250 million loan for the Resilient Programme in Kerala, which had been devastated by worst floods in a century last August.

Probe Agency Attaches Rs 110 Crore Assets Of Sugar Company In Fraud Case

India News | Press Trust of India | Tuesday July 2, 2019

The Enforcement Directorate Tuesday said it has attached assets worth Rs 110 crore of Simbhaoli Sugars Limited, one of India''s largest sugar mills, in connection with a money laundering probe against the firm related to an alleged bank loan fraud.