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"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
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"Entitled To Relief": Vijay Mallya On Banks Recovering Rs 14,131 Crore Assets
Fugitive businessman Vijay Mallya said that banks have recovered Rs 14,131.60 crore from him "against the judgement debt of Rs 6,203 crore" but he continues to be "an economic offender".
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Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
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RBI Keeps Repo Rate Unchanged At 6.5%: How It Affects Your Loan EMIs
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5%, marking the 11th consecutive meeting where the key lending rate has remained the same.
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World Bank Announces Record $100 Billion Support For World's Poorest Countries
The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world's poorest nations, which it can leverage to generate a record $100 billion in total spending power.
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World Bank Approves $188 Million Loan For Maharashtra
The World Bank has approved a USD 188.28-million loan to stimulate economic growth in Maharashtra, especially in the lagging districts, a media release said.
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At PM Modi's Meet With UK PM, Push To Extradite Vijay Mallya, Nirav Modi
Vijay Mallya is accused in a bank loan default case and fled India in 2016, while Nirav Modi is wanted by Indian authorities for defrauding the Punjab National Bank.
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5 Members Of Bihar Family Consume Poison Tablets Over Bank Loan, 1 Dead
A desperate struggle with mounting debt ended in tragedy for a family in Bihar, where five members consumed poison in the early hours of Saturday morning.
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In India's Largest Bank Loan This Year, SBI Seeks $1.25 Billion
Non-banking finance companies, or so-called shadow banks, in particular, have increasingly tapped dollar-denominated facilities amid stricter regulations at home.
-
"We Aren't Police...": RBI Chief Day After 4 Firms Banned From Giving Loans
Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.
-
JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
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World Bank To Give Rs 15,000 Crore Loan For Amaravati Construction: Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said that the World Bank has agreed to extend Rs 15,000 crore loan to the state government for the construction of the capital Amaravati and its work will start from December.
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3 Of Family Die By Suicide After Being Harassed Over Rs 60 Lakh Bank Loan In Rajasthan
Harassed by the bank officials and other people owing a debt of Rs 60 lakh, three members of a family, including a girl aged seven died by suicide in Bikaner on Tuesday.
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Harassed By Loan Recovery Agents, Couple, Daughter Die By Suicide In UP: Cops
A couple and their 18-year-old daughter allegedly died by suicide by consuming poison, police here said on Monday, with villagers claiming they were harassed by recovery agents after they failed to repay a bank loan.
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Loan Goes Digital, But Recovery Still Needs Feet On the Street: RBI Official
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
-
"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
-
"Entitled To Relief": Vijay Mallya On Banks Recovering Rs 14,131 Crore Assets
Fugitive businessman Vijay Mallya said that banks have recovered Rs 14,131.60 crore from him "against the judgement debt of Rs 6,203 crore" but he continues to be "an economic offender".
-
Opinion | Andhra Man's Suicide And The Menace Of Illegal Loan Apps
Loan apps are used heavily in rural and semi-rural areas, where formal banking systems are scarce. They target disadvantaged sections of society, that is, people with meagre incomes who are ineligible to obtain credit from established platforms.
-
RBI Keeps Repo Rate Unchanged At 6.5%: How It Affects Your Loan EMIs
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5%, marking the 11th consecutive meeting where the key lending rate has remained the same.
-
World Bank Announces Record $100 Billion Support For World's Poorest Countries
The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world's poorest nations, which it can leverage to generate a record $100 billion in total spending power.
-
World Bank Approves $188 Million Loan For Maharashtra
The World Bank has approved a USD 188.28-million loan to stimulate economic growth in Maharashtra, especially in the lagging districts, a media release said.
-
At PM Modi's Meet With UK PM, Push To Extradite Vijay Mallya, Nirav Modi
Vijay Mallya is accused in a bank loan default case and fled India in 2016, while Nirav Modi is wanted by Indian authorities for defrauding the Punjab National Bank.
-
5 Members Of Bihar Family Consume Poison Tablets Over Bank Loan, 1 Dead
A desperate struggle with mounting debt ended in tragedy for a family in Bihar, where five members consumed poison in the early hours of Saturday morning.
-
In India's Largest Bank Loan This Year, SBI Seeks $1.25 Billion
Non-banking finance companies, or so-called shadow banks, in particular, have increasingly tapped dollar-denominated facilities amid stricter regulations at home.
-
"We Aren't Police...": RBI Chief Day After 4 Firms Banned From Giving Loans
Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.
-
JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
-
World Bank To Give Rs 15,000 Crore Loan For Amaravati Construction: Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said that the World Bank has agreed to extend Rs 15,000 crore loan to the state government for the construction of the capital Amaravati and its work will start from December.
-
3 Of Family Die By Suicide After Being Harassed Over Rs 60 Lakh Bank Loan In Rajasthan
Harassed by the bank officials and other people owing a debt of Rs 60 lakh, three members of a family, including a girl aged seven died by suicide in Bikaner on Tuesday.
-
Harassed By Loan Recovery Agents, Couple, Daughter Die By Suicide In UP: Cops
A couple and their 18-year-old daughter allegedly died by suicide by consuming poison, police here said on Monday, with villagers claiming they were harassed by recovery agents after they failed to repay a bank loan.
-
Loan Goes Digital, But Recovery Still Needs Feet On the Street: RBI Official
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
