Bank Loans

Also as per the findings of the report, there were approximately 1,100 lending apps in the country, between January 1, 2021 and February 28, 2021

Asian Development Bank (ADB) will provide a loan up to Rs 754 crore to SAEL Industries Ltd for setting up of biomass power plants in Rajasthan. The lender and SAEL have entered into a loan agreement, according to a release on Friday. SAEL is a solar and agricultural waste-to-energy company. It has developed a business model where crop residues are used as fuel in waste-to-energy projects. The company aims to grow its portfolio to 3.5 GW over the next four years by adding 100 MW of new biomass and 600 MW of new solar capacity annually. "ADB's support will fund the construction of five biomass power plants in the districts of Bikaner, Churu, Hanumangarh, Jhunjhunu, and Sikar in the state of Rajasthan," SAEL said in the release.

Decision taken after presentations from the platforms and reviewing documents justifying compliance, says official

The central bank also said that the penal charges would be recovered from the borrower separately and not added to the outstanding principal amount

With rates cuts unlikely anytime soon, debt mutual fund investors should avoid duration calls

The Adani group has denied wrongdoing, but saw more than $110 billion wiped off the conglomerate's market value since the report was released

FM Sitharaman revamped the credit guarantee scheme for MSMEs to enable an additional collateral-free guaranteed credit of Rs 2 trillion

Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) said the company on December 31 defaulted on repayments of principal amount Rs 1,713 crore and interest of Rs 2,346 crore. The loans pertained to various banks and the nature of obligation is fund based working capital, non fund based working capital, term loans and FCCB (foreign currency convertible bonds). In September 2018, ICICI Bank filed an insolvency petition against JAL but the matter is still pending before the Allahabad bench of the National Company Law Tribunal (NCLT). The country's biggest lender SBI had in September this year moved the NCLT against JAL, claiming a total default of Rs 6,893.15 crore as on September 15, 2022. Last month, JAL and its group firms announced the sale of its remaining cement assets to Dalmia Bharat Ltd at an enterprise value of Rs 5,666 crore an

IndusInd sees 19% credit growth in Q3; deposit growth outpaces loans for HDFC Bank, YES Bank

Surojit Shome, MD and CEO of DBS Bank India, said having crossed the Rs one trillion business (deposit and loans) mark in September, the bank is looking to grow 3x in five years

Instead of taking an agent's word, do your own research on policy benefits and obligations

Lack of funding is limiting the ability of e-bus makers to participate in federal govt tenders to supply to states, the sources told, threatening to slow the electrification of major public transport

The share of such loans declined between September 2020 and March 2022 in private banks and NBFCs but rose for public sector banks

Change required by the central bank could make a certain portion of loan books ineligible for securitisation

Brokerage raises price targets for non-SBI state-owned banks

Next Rs one trillion of non-home retail loans by Q3FY24

Public sector Bank of Baroda has sanctioned over Rs 100 crore worth of agricultural loans in Tamil Nadu during its 15-day farmer outreach programme held here recently. At the fifth edition of 'Baroda Kisan Pakhwada' held between November 15 and 30, as many as 161 semi-urban and rural branches of the bank took part. More than 20,000 farmers across Tamil Nadu received farm loans of Rs 134 crore, the bank said in a statement on Saturday. The 'Baroda Kisan Pakhwada' has been designed to help the bank boost engagement with the farming community and create awareness about various agricultural products, schemes offered by the Bank. "We at Bank of Baroda are pleased to be reaching out to the farming community on a larger scale and provide them with details and financial assistance and make them familiar with various types of agri-loans, banking services and various agricultural initiatives launched by the government," Bank of Baroda general manager and zonal head (Chennai) A Saravanakumar .

"While outsourcing it is very important that adequate safeguards are established to seal the situation as well as the financial stability of the banking system," Choudhary added

'After coming out of four years of losses, we want to grow qualitatively'

Deposit growth rises 9.6%, analysts cite FPI flows, govt spending