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Tag: Loans

PSBs Sanction Rs 17,705 Crore Collateral Free Loans For MSMEs

New Delhi: Public sector banks (PSB) have so far sanctioned Rs 17,705.64 crore worth of loans under the 100 per cent government-guaranteed Emergency Credit Line Guarantee Scheme. The scheme is part of the Aatmanirbhar Bharat economic package. As per the government, banks would provide collateral-free loans to the eligible MSMEs loans upto Rs 3 lakh […]

Private banks, NBFCs to continue EMIs, if not informed

New Delhi: Unlike the public sector banks, customers of private banks and non-banking financial companies (NBFCs) would continue to pay EMIs on their term- loans unless a specific instruction is issued, as per the Covid-19 RBI package. Several private banks and NBFCs informed their customers on Wednesday that auto debit facility for loan instalment won’t […]

Ind Inc promoters forced to draw loans by pledging their holdings

Mumbai: The stress in corporate India seems to be more deep seated than what is coming out from earnings numbers. A large number of India Inc promoters has been forced to draw loans by pledging their holdings in the company and keep their entities afloat. The top of the list is the Adani Group where […]

Farmer commits suicide over debt burden in Subarnapur

Subarnapur: A farmer allegedly committed suicide in Binika area of Subarnapur after his crops were affected by pests and he was unable to pay off his loans. The deceased, Bhutulu Karna, took the extreme step after he found his crops infested with pests yesterday, family members of the deceased alleged. He was worried about how […]

Parliamentarians grill RBI governor over challenges faced by banks

New Delhi: RBI Governor Urjit Patel, who was on Tuesday grilled by parliamentarians over challenges being faced by the banking sector including the huge number and size of bad loans and frauds like the one in Punjab National Bank, sought more powers for the central bank to oversee Public Sector Banks (PSBs). Patel, summoned by […]

State-run banks' outstanding corporate loans over Rs.2.3 lakh crore

New Delhi: State-run banks had total outstanding corporate loans of over Rs.2.3 lakh crore by end of 2014-15,parliament was informed yesterday. “A sum of Rs.23,52,246.86 crore is outstanding corporate loan of the public sector banks (PSBs) as on March 31, 2015,” minister of State for Finance Jayant Sinha told the Rajya Sabha in a written […]