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IIFL Finance NCD issue: Opportunity to earn handsome money, Nirmal Jain tells Anil Singhvi in exclusive chat
Tue, Mar 02, 2021
In an exclusive chat with Zee Business Managing Editor Anil Singhvi, IIFL Chairman Nirmal Jain spoke about the Non-convertible Debentures (NCDs) issue that is set to open on Wednesday. The issue will remain open till 23rd March. Jain speaks about company’s strategy and how the allotment will likely happen
SBI Home Loan Calculator: Interest rate cut, know how it will impact your EMI | You will save this much money
Fri, Jan 08, 2021
SBI Home Loan Calculator EMI Impact: Waiving off the processing fee and further cutting down the home loan interest rate, the State Bank of India (SBI) has announced big bonanza for the homebuyers.
SBI Home Loan: State Bank of India announces huge bonanza for homebuyers! Lowers interest rate up to 30 bps
Fri, Jan 08, 2021
State Bank of India (SBI) home loan interest rate is already lowest in the Indian banking sector, but to offer more attractive concessions to the homebuyers, country’s largest lender today announced a further interest rate cut of up to 30 bps.
Applying for Personal Loan? WAIT! Get lowest interest rate - Union Bank of India vs Punjab National Bank vs SBI vs Bank of Baroda vs HDFC Bank
Fri, Jan 08, 2021
Personal loan is one of the most sought avenue for money among the Indians because it's collateral-free. An applicant need not mortgage any asset for availing of this loan.
HDFC Bank LOAN GROWTH - Private lender records 16 pc growth in December quarter
Wed, Jan 06, 2021
The country's largest private sector lender HDFC Bank on Tuesday said the bank has witnessed a loan growth of 19 per cent to Rs 10,82,000 crore during the third quarter ended December 2020.
Modi government sanctions over 7.8 lakh loans under PM SVANidhi scheme
Thu, Nov 19, 2020
Modi government's special micro-credit facility PM SVANidhi-Pradhan Mantri Street Vendor’s Atma-Nirbhar Nidhi launched to help small vendors hit due to the Covid 19 onslaught, has disbursed 788,438 loans out of the 1,434,436 that have been sanctioned, according to a government release. The government has received 2,733,497 applications
Know about loan facility on your PPF; see benefits, terms and conditions here!
Mon, Nov 02, 2020
If you are an investor in the Public Provident Fund (PPF) scheme, then this investment can be of great use to you in your times of need. Want to know how? The investors in this small savings scheme (SSS) can avail loan on their PPF deposits. You are not required to mortgage anything in lieu of the loan extended to you
Pandemic-driven loan recast to take GNPAs to 11.5 pc by March: Report
Wed, Oct 14, 2020
The pandemic-induced one-time loan restructuring will spike the system-wide gross non-performing assets (GNPAs) to 11-11.5 per cent by March, says a report
Moratorium period exceeding six months may result in vitiating overall credit discipline: RBI to SC
Sat, Oct 10, 2020
A loan moratorium exceeding six months might result in vitiating the overall credit discipline?, which will have a debilitating impact on the process of credit creation in the economy, the Reserve Bank of India has told the Supreme Court
HDFC Bank to give instant loans up to Rs 40 lakh for customers' medical bills at Apollo Hospitals
Wed, Oct 07, 2020
HDFC Bank on Wednesday announced a tie-up with Apollo Hospitals through which its customers can avail unsecured loans of up to Rs 40 lakh to pay for medical expenses incurred at the healthcare chain
Loan Moratorium case: SC defers hearing till 13 October; asks parties to file replies on Centre's affidavit
Mon, Oct 05, 2020
The Supreme Court today asked all parties to file their replies on the affidavit submitted by the Centre on the loan moratorium issue within a week. The apex court will next hear the case on 13 October 2020. The court also said that the issue related to real estate associations and others should also be heard
#OperationHaftaVasooli | Exposed! Anil Singhvi reveals China links of small lending institutions to steal Investor Wealth; abusive behaviour disclosed
Wed, Sep 30, 2020
#OperationHaftaVasooli: After the huge success of Zee Business sting Operation Hafta Vasooli during the lockdown period that revealed unethical practices of some lenders, the channel has once again launched a campaign on another critical issue to save loan-takers in India. Zee Business Managing Editor Anil Singhvi has come out with full details of the Chinese connection with small lending companies operating in India
PM SVANidhi Scheme: Overwhelming response! Modi government's Atma Nirbhar loan project gets thumbs up from street vendors
Thu, Sep 24, 2020
More than 15 lakh loan applications have been received so far under the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme.
NBFC-MFIs' loan disbursement drops 96 pc to Rs 570 cr in Jun quarter
Wed, Sep 23, 2020
Loan disbursements by non-banking financial companies-microfinance institutions (NBFC-MFIs) declined 96 per cent to Rs 570 crore in the first quarter of the current financial year, according to a report by Microfinance Institutions Network (MFIN)
No clamour or rush for restructuring of loan: SBI Chairman
Wed, Sep 23, 2020
Contrary to market expectations, there was not too much demand or clamour for restructuring of loans as permitted by RBI recently to beat the COVID-19 related stress, SBI Chairman Rajnish Kumar said. He expects not more than Rs 1.5 lakh crore worth loans would avail restructuring benefit even though people have projected it to be around Rs 8 lakh crore
MSME Loan: SIDBI is offering this working capital loan; scheme available for limited period
Tue, Sep 22, 2020
SIDBI or Small Industries Development Bank of India is offering direct loan facilities to MSME as part of Emergency Credit Line Guarantee Scheme (ECLGS), the objective of which is to provide much needed relief to MSMEs, whose operations have been impacted because of the ongoing COVID-19 pandemic
SC to Centre: Consider not charging interest on interest during moratorium
Thu, Sep 10, 2020
The Supreme Court on Thursday asked the Centre to consider a plea for not charging interest on interest on deferred EMIs during the moratorium period and also not downgrade the credit/asset classification of the borrowers
Have loan? Problem paying back? Here is MFI alert that brings some relief to borrowers
Wed, Sep 02, 2020
Reserve Bank of India (RBI), in March, had announced a moratorium on repayment of term loans in order to provide relief to loan-takers impacted by the COVID-19 related disruptions.
Supreme Court slams centre on loan moratorium issue
Wed, Aug 26, 2020
The Supreme Court strongly reprimanded the central government over the loan recovery policy, providing relief to EMI repayers.
PNB loans for weavers scheme! Get up to Rs 5 lakh under PNBWMS
Fri, Aug 07, 2020
India’s second largest public sector bank – Punjab National Bank (PNB) today launched PNB Weaver Mudra Scheme (PNBWMS) for weavers which will provide loans up to Rs 2 lakh, the bank said in its media release. The scheme was launched on the occasion of National Handloom Day and is in accordance with the scheme of Ministry of Textiles, it said