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Friday, March 29, 2024
TopicBank loans

Topic: Bank loans

4 ways fixed deposits can help finance your expenditures

Other than helping save money, fixed deposits are also extremely useful for funding some common big-ticket expenses.

Our dark financial tunnel could get longer — that’s the message from bad loans of SBI Cards

Credit card debt as a percentage of the total is tiny, but it is expensive credit, and default is usually a sign that personal finances are in trouble.

Your credit score won’t be impacted if you opt for loan restructuring. Here is why

Credit history only after debt recast would be taken into account for new loans. Banks will allow recast only if income impacted between February and August.

File Kamath panel recommendations on loan moratorium, Supreme Court tells Centre, RBI

SC's direction came after the Finance Ministry agreed to waive compound interest charged on loans of up to Rs 2 crore for six-month moratorium period announced due to the pandemic.

Supreme Court restrains banks from declaring accounts as NPAs until further notice

A bench led by Justice Ashok Bhushan issued the interim order while was hearing a batch of petitions seeking waiver of interest on deferred EMIs during the moratorium period.

Delays feared in RBI’s debt recast plan as Kamath panel seeks clarity on members, deadline

RBI has given the Kamath committee no deadline to submit its suggestions on loan restructuring plan, while two of its five members are yet to join.

HDFC Bank has been delaying sharing its loans details, credit bureau complains to RBI

Experian Plc told RBI in July that HDFC Bank has been late in providing details of its loans, including repayment status of millions of retail borrowers.

Financial bailouts must be for struggling businesses to preserve jobs, not repay old debts

The Indian govt & the RBI launched many schemes to ensure availability of credit during Covid, but financial institutions are still cautious about new lending.

PM Modi meets top bankers, asks them to introspect, ensure stable credit growth

The PM also exhorted bankers to support small businesses, SHGs & farmers. He said banks should identify bankable proposals and ensure they don't suffer in the name of past NPAs.

Banks tell SC they need to pay depositors, oppose pleas for interest waiver in moratorium

The banks received support from central government with solicitor general Tushar Mehta submitting that waiving off interest will have a 'cascading effect'.

On Camera

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.