Loan

Man Faked Identity, Documents To Obtain Home Loans Worth Rs 6.7 Crore: Delhi Cops

Delhi News | Press Trust of India | Sunday November 29, 2020

A man has been arrested for allegedly procuring three home loans worth Rs 6.70 crore by posing by forging his identity and documents, the police said on Sunday.

Top Court Directs Centre To Execute Plan To Forego Interest On 8 Loan Categories

Business | Press Trust of India | Friday November 27, 2020

The eight categories of loans are MSME (Micro, Small & Medium Enterprises), Education, Housing, Consumer durable, Credit card, Automobile, Personal, and Consumption.

Andhra Chief Minister Launches Central Scheme For Poor Under His Own Name

Andhra Pradesh News | Press Trust of India | Friday November 27, 2020

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has launched the PM Street Vendors AtmaNirbhar Nidhi (PM SVANidhi) scheme, meant for extending collateral-free loans up to Rs 10,000 each to street vendors, but named it after himself, drawing flak from the BJP.

Cox And Kings Promoter Peter Kerkar Arrested In Money Laundering Case

India News | Press Trust of India | Thursday November 26, 2020

The Enforcement Directorate (ED) on Thursday arrested Cox & Kings promoter Peter Kerkar in a money laundering case linked to the alleged loan default at the Yes Bank, officials said.

मर्सिडीज-बेंज़ ने चुनिंदा एसबीआई ग्राहकों के लिए आकर्षक दरों की पेशकश की

Shams Raza Naqvi | Wednesday November 25, 2020

हाई नेट वर्थ (HNI) ग्राहक जो SBI YONO डिजिटल प्लेटफॉर्म पर Mercedes-Benz कार बुक करेंगे, उन्हें कार लोन पर आकर्षक ब्याज दर के साथ वित्तीय लाभ मिलेगा.

Delhi Man Arrested For Duping Bank Of Rs 24.13 Crore: Police

Delhi News | Press Trust of India | Wednesday November 25, 2020

A 46-year-old man has been arrested for allegedly duping a bank to the tune of Rs 24.13 crore by selling the stocks of his company which he had hypothecated with the bank to avail various loans, police said on Tuesday.

How To Apply For State Bank Of India's Loan Restructuring Scheme

Business | Edited by Nikita Prasad | Tuesday November 24, 2020

SBI Loan Restructuring: Education loans, auto loans, personal loans, housing, and other related loans are covered under the restructuring scheme

Banks' Loans Rose 5.7% In Two Weeks To November 6: Reserve Bank Of India

Business | Reuters | Friday November 20, 2020

Non-food credit rose Rs 49,110 crore to Rs 103.21 lakh crore, while food credit rose Rs 16,972 crore to Rs 83,631 crore.

Vijay Mallya Extradition Held Up By Confidential Legal Issue, Says India

India News | Edited by Divyanshu Dutta Roy | Thursday November 19, 2020

A "confidential legal issue" is stalling the extradition of business tycoon Vijay Mallya, wanted in India for defaulting on loans worth thousands of crores of rupees, from the UK and the government is following up with British authorities, the foreign ministry said on Thursday.

Lakshmi Vilas Bank Lent Heavily To Nirav Modi, Jet Airways: Bank Employees Association

Business | Nikita Prasad | Wednesday November 18, 2020

The association claims that the heavy loans were known to the RBI as it had its nominee as Director on the Board of the bank.

Poonawalla Finance Rolls Out Special Term Loan For Company Secretaries

Business | Edited by Nikita Prasad | Wednesday November 18, 2020

The loan amount ranges from ₹2 lakh to ₹30 lakh with a flexible repayment tenure between 12-60 months.

Sensex, Nifty Soar To Record Highs Amid Broad-Based Gains

Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday November 18, 2020

Analysts awaited news updates from a key Supreme Court hearing on interest waivers for loans under moratorium. The outcome of the case could have far-reaching consequences not only for millions of borrowers, but also for banks.

Banking Sector Cannot Bear Any Further Financial Strain,Centre Tells Top Court

Business | Reported by A Vaidyanathan, Edited by Peter Noronha | Thursday November 19, 2020

The banking sector cannot bear any further financial strain, the centre told the Supreme Court on Thursday, in a key hearing to decide whether borrowers should be charged additional interest for delaying their EMIs due during the COVID-19-related lockdown. The top court was hearing a batch of petitions on whether banks should charge an interest on ...

Supreme Court Adjourns Hearing On Loan Relief Case

Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday November 18, 2020

The RBI had earlier instructed banks and other financial institutions to credit the difference in compound interest and simple interest on repayments of eligible loans up to Rs 2 crore due between March and August, by November 5.

Pak To Seek $ 2.7 Billion From China For Belt And Road Project: Report

World News | ANI | Sunday November 15, 2020

Pakistan has decided to seek USD 2.7 billion loan from China for the construction of package-I of the Mainline-1 project of China Pakistan Economic Corridor (CPEC).