Friday, 7 October, 2022
TopicLoans

Topic: Loans

Two months on, discoms struggling to use Modi govt’s Rs 90,000 cr lifeline to power sector

The Rs 90,000 cr power sector loans are among a raft of measures announced by Finance Minister Nirmala Sitharaman to help revive the economy.

Not ‘overworried’ about NPAs, no need for a blanket moratorium extension: SBI chairman

SBI chairman Rajnish Kumar said the extension of the loan moratorium may be needed only for certain specific stressed sectors.

Why Indian companies are watching how successful this data firm is in getting a dollar loan

A successful Mu Sigma deal would be one of the first signs that overseas lenders are becoming less reluctant to extend funds to Indian companies.

Fears about largescale retail loan defaults in India overblown, Macquarie analysts say

The RBI has allowed borrowers to delay monthly payments on their loans until the end of August, to provide some relief from a prolonged lockdown.

Economics not over health: SC after RBI says interest waiver will affect banks

The court allows Centre time to file a response on behalf of the RBI and finance ministry after plea says RBI’s 27 March circular didn't serve 'economic justice'.

SC issues notice to RBI, govt on plea seeking interest waiver during loan moratorium

The petition stated that RBI's decision to delay EMI payments but allow interest liabilities to accrue during the loan moratorium would negate the relief provided.

You don’t have to pay term loan EMI for 3 more months, with no impact on credit history

RBI has said opting for the EMI deferment until August 31 won’t hurt borrowers’ credit history, but interest will keep accruing on these loans.

Modi govt is seeking $6 billion of loans to fight coronavirus

The World Bank has already committed $1 billion and Modi govt is in talks with Asian Infrastructure Investment Bank and ADB for more.

Small businessmen will soon get loans based on data, not balance sheets: Nandan Nilekani

Nandan Nilekani says under the new system, Account Aggregator, owners will be able to use bank statements, tax returns, home loan repayment records to avail of short-term loans.

HDFC Bank sees signs of economy reviving in rural and semi-urban areas

Loan outreach programmes in rural areas have given the sense that consumption in rural & semi-urban areas is turning more positive, HDFC Bank says.

On Camera

YourTurn

A woman walks past the logo of the Securities and Exchange Board of India (SEBI), at its headquarters in Mumbai, India | Reuters

SEBI orders Indian credit agency Brickwork Ratings to shut down

The Securities and Exchange Board of India (SEBI) cancelled the certificate of registration of the credit rating agency due to repeated lapses in the functioning.

Defence

Rescue operation underway after an army aviation Cheetah helicopter flying in the forward area near Tawang crashed during a routine sortie Wednesday | ANI

Multiple military & civilian chopper crashes in past years highlight a disturbing trend for India

An Indian Army Aviation Cheetah helicopter crashed Wednesday. Several such crashes over past few yrs have jolted the military. Non-military sphere, too, has encountered many crashes.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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