Agri-tech company Fasal on Thursday announced its partnership with State Bank of India (SBI), aimed to provide farmers with easy access to capital. The partnership […]
Tag: Loans
RBI to stop banks from capitalising penal charges on loans defaults
The Reserve Bank of India (RBI) pulled up banks for overcharging borrowers in the guise of penal interest rates and has come up with proposals […]
NARCL to step up acquisitions of distressed assets in FY24
The government-promoted National Asset Reconstruction Co Ltd (NARCL) will step up the pace on the acquisition of distressed assets this fiscal year even though it […]
Bank of Maharashtra logs 30% loan growth; total business crosses Rs 4 lakh crore in Q4
State-owned Bank of Maharashtra (BoM) on Wednesday said it has posted a credit growth of 29.59 per cent at Rs 1.75 lakh crore for the […]
Loans rise across industry, agriculture, retail and services sectors
Bank credit rose across all – Industry, agriculture, retail and services sectors this fiscal despite rise in rates. On a year-on-year (y-o-y) basis, non-food bank […]
Axis Bank and Shriram Housing Finance Announce Partnership Under the Co-Lending Model through Yubi
Axis Bank, India’s third largest private sector bank and Shriram Housing Finance Limited (SHFL), a leading Affordable Housing Finance Company, today announced a strategic partnership […]
Supreme Court verdict on fraud loans may remove hurdles for lenders
Banks will have to set down a proper process, including a platform to hear the views of borrowers and accounts labelled as a fraud, even […]
PSU banks recover 14 pc of written-off loans in last 5 years: Nirmala Sitharaman
Public sector banks could recover only 14 per cent of the written-off loans worth Rs 7.34 lakh crore in the last five years ending March […]
Banks reach out to RBI, seek easing of MSME bad loan rules
Banks have reached out to the Reserve Bank seeking relaxation in recognition of non-performing assets in the MSME sector. Banks want that a restructured MSME […]
Micro loan disbursement jumps 20% in December 2022 quarter to Rs 77,877 cr
Micro loan disbursement jumped about 20% in the December 2022 quarter to Rs 77,877 crore over Rs 65,392 crore in the year ago period, backed […]