Tue, Dec 12, 2023
RBI has issued a warning regarding fake advertisements offering loan waiver through social media.
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Wed, Nov 15, 2023
The central bank also injected 495 billion yuan through seven-day reverse repos while keeping borrowing cost unchanged at 1.80 per cent, it said in the statement.
Mon, Sep 11, 2023
Most of the lenders approve personal loan applications based on the credit history of the borrower. Your personal loan application could be rejected if you have a low credit score. Though many banks offer personal loans to borrowers with low credit scores they may charge higher interest rates.
Sat, Nov 21, 2020
With the revival in consumer demand and the global trend of ‘Buy Now Pay Later’, Mswipe has launched Brand EMI as a value added service which enables merchants to offer zero interest EMI financing from Brands in less than 15 seconds.
Wed, Nov 04, 2020
Bank loan moratorium interest on interest waiver: Banks have started refunding borrowers the compound interest charged on specified loan accounts during the moratorium period.
Mon, Nov 02, 2020
In a major decision, the Modi government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till November 30th, 2020, or till such time that an amount of Rs. 3 lakh crore is sanctioned under the Scheme, whichever is earlier.
Sun, Nov 01, 2020
Bank of Baroda, India's third largest public sector bank, announced a reduction in Baroda Repo Linked Lending Rate (BRLLR) from seven per cent to 6.85 per cent.
Wed, Oct 28, 2020
In a major development, India’s largest commercial bank, State Bank of India (SBI) has signed a loan agreement amounting to up to USD 1 billion with JBIC.
Wed, Oct 21, 2020
Kotak Mahindra Group (Kotak) has flagged-off this year’s festive season celebrations by announcing the launch of the 2020 edition of Khushi Ka Season.
Tue, Sep 22, 2020
The country's largest lender State Bank of India (SBI) has said that it has launched a facility on its website to help retail customers check their eligibility for one-time loan restructuring announced by the RBI.
Mon, Sep 21, 2020
As per directives of RBI and with an aim to provide relief to its retail borrowers from the adverse impact of COVID-19, India's largest lender State Bank of India (SBI) has come out with a Restructuring Policy.
Mon, Sep 14, 2020
In a major development, Central Bank of India has reduced its 1-year MCLR from 7.15% to 7.10% and also reduces MCLR of other tenors by 5 bps w.e.f. 15th September 2020.
Sun, Sep 13, 2020
Union Bank of India has announced reduction in Marginal Cost of Funds- based Lending rate (MCLR) by 5 basis points across all tenors.
Tue, Sep 08, 2020
Are you running a small business? Struggling to get a business loan? Now, you can borrow money instantly with Razorpay’s ‘Cash Advance’ Credit Line.
Wed, Sep 02, 2020
The country's second largest lender Punjab National Bank (PNB) has hiked its repo-linked lending rate (RLLR) by 15 basis points (bps) to 6.80 per cent.
Tue, Sep 01, 2020
The bench said that it would hear on Wednesday the pleas which have raised the issue of interest being charged on instalments which have been deferred under the central bank's scheme during the moratorium period amid the COVID-19 lockdown.
Sun, Aug 30, 2020
The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday with the top management of scheduled commercial banks and NBFCs.
Thu, Aug 20, 2020
The ECLGS was announced by the Government as a part of Aatma Nirbhar Bharat Package, to mitigate the distress caused by lockdown due to COVID-19 by providing credit to different sectors, especially MSMEs.
Wed, Aug 19, 2020
This will provide user-friendly digital interface to street vendors for their loan applications.
Thu, Aug 13, 2020
With an aim to benefit over three lakh Chartered Accountants, who are the members of the ICAI, non-deposit taking NBFC, Poonawalla Finance Private Limited, has entered into an MoU to offer a collateral-free special term loan scheme.
In good news for people willing to take gold loan, Jana Small Finance Bank has come up with a new offering featuring 90 pct LTV (Loan to Value) and highest per gram rate.
Mon, Aug 10, 2020
Revised MCLR will be effective from 11th Aug 2020.
Sun, Aug 09, 2020
Public sector banks would need to increase their provisioning buffer factoring in the incremental provisioning requirement on restructured loans and potential NPAs, a report said.
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