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Top 5 loan mistakes to avoid: Any kind of mistake may cost you plenty
Sat, Mar 24, 2018
The purpose of borrowing, however varied it may be for all, retains the underlying principle of any loan. It is thus wise to exercise caution and be well versed with the procedures before applying for a loan as the commitment to repay is for a long term and any kind of mistake may affect your financial health
Parameters one must follow to get loans approved
Sat, Feb 03, 2018
If your credit score is low, there is a greater chance that your loan application might be rejected or you might get the loan at a very high interest rate
CBI files fresh case against Sterling Biotech for Rs 5,000
Sat, Oct 28, 2017
The CBI has registered a fresh case against Sterling Biotech Limited for defaulting loans worth over Rs 5,383 crore.
Xiaomi gains new $1 billion loan to drive retail push, expansion overseas
Fri, Jul 28, 2017
Chinese smartphone maker Xiaomi Inc said on Friday it had signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push overseas.
Maharashtra panel's 1st meet: Farmer leaders seek widening of criteria for Rs 10,000 initial help
Tue, Jun 20, 2017
The first meeting of the state-appointed committee to decide the criteria of farm debt relief remained inconclusive as farmer leaders demanded loan waiver to all cultivators and sought changes in the criteria fixed for providing Rs 10,000 initial help.
Government to give loan worth 1 Lac under direct benefit program to farmers
Thu, Apr 20, 2017
Government to give loan worth 1 Lac under direct benefit program to farmers. Watch the full segment for more details.
Toshiba's Westinghouse seeks U.S. bankruptcy financing - sources
Tue, Mar 21, 2017
Toshiba is reviewing proposals from financial institutions and investment firms about a so-called debtor-in-possession loan, which would carry the company through a potential bankruptcy, said two people familiar with the situation. The size of this financing package is expected to exceed $500 million, the people added.
Jaiprakash Power allots 305.8 crore shares to lenders under SDR scheme
Sun, Feb 19, 2017
In a BSE filing on February 18, 2017, Jaiprakash Power said, "We wish to inform that upon approval of allocation of conversion of part of outstanding debt amount into equity shares amongst banks and financial institutions, the stakeholders relationship committee in its meeting, has alloted 305,80,00,000 equity shares of Rs 10 each at a price of Rs 10 per share to its lenders pursuant to implementation of SDR."
Karnataka High Court issues bailable arrest warrant against Vijay Mallya
Fri, Jan 27, 2017
The Karnataka High Court on Friday issued a bailable arrest warrant against Vijay Mallya for allegedly violating an undertaking given by him and his companies not to transfer their equity shares in United Breweries Limited (UBL) to British spirits company Diageo Plc.
Andhra Bank lowers home loan rates across various tenors; effective January 3
Wed, Jan 04, 2017
Following several banks' rate cut moves in recent days, Andhra Bank has lowered its home loan rates across various tenors. The bank has revised marginal cost of funds based lending rate (MCLR) in the range of 8.45% to 8.65% for home loans with various tenors.
Govt sanctions 15,341 loans under Stand Up India scheme to women entrepreneurs in FY17
Sun, Jan 01, 2017
The government sanctioned over Rs 70,000 crore loans to over 2 crore borrowers including women entrepreneurs under its Pradhan Mantri Mudra Yojana (PMMY) scheme in the fiscal year 2016-17 (FY17).
IDBI Bank reduces MCLR for various tenors; effective from January 1
Sat, Dec 31, 2016
State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1. For overnight tenor, the bank has reduced its minimum lending rate to 8.50%.
IMF releases another $618 million loan installment for Iraq
Tue, Dec 06, 2016
The IMF on Monday announced the release of the second installment of a loan for Iraq, despite continued financial difficulties with low oil prices and the fight against the Islamic State group.
Yes Bank will give Rs 225 crore loan to Fortis Hospitals
Fri, Sep 30, 2016
Fortis Healthcare being the holding company will be giving its corporate guarantee on behalf of Fortis Hospital securing the payment principle and interest thereon.
Loan growth to India Inc sputters to just 0.1% so far this year
Mon, Jul 04, 2016
Religare Institutional Research, in a report dated July 1 said that overall credit growth for FY17 is unlikely to improve above 12%.
Vedanta unit seeks rollover of controversial Rs 8,300 crore loan from Cairn India
Sun, May 01, 2016
The loan had become controversial in 2014 as Cairn had not disclosed extending of loan to its new parent Group.