Interest

The New York-based bank is targeting to invest a quarter of its newly-raised $5.2 billion growth fund in the region, people familiar with the matter said

Interest expense rises at fastest clip in 17 quarters in Q3

Strong growth in net interest income boosts bottomline, provisions fall

Fall in non-interest income, rise in bad loan provisions drag down company's net

Earlier this week, FEL defaulted twice on interest payments of Rs 85.71 lakh and Rs 6.07 crore for its non-convertible debentures.

The interest income was down by 3.7 per cent at Rs 2,916.87 crore from Rs 3,029.83 crore in the year-ago period.

Parliamentarians cannot utilise interest accrued on MPLADS funds for development works with the Centre revising the norms for utilisation of money under various central sector schemes. According to the revised procedure for flow of funds under the CSS, including MPLADS, of the Finance Ministry, all interest earnings should be compulsorily remitted to the Consolidated Fund of India. The revised procedures have been intimated to MPs by Lok Sabha and Rajya Sabha secretariats. CPI(M) MP John Brittas has strongly objected to the new procedures and urged Finance Minister Nirmala Sitharaman to roll back the decision. The members should be allowed to continue recommending "works for the interest amount accrued for the MPLADS funds disbursed to them every year by retaining the procedure in vogue as such," Brittas said in a letter to the minister on Monday. Copies of the letter were also sent to the Rajya Sabha Chairman, Lok Sabha Speaker and the Minister of Statistics and Programme ...

Borrower cannot be charged any amount not been explicitly mentioned in a factsheet, says regulator.

238 million borrowers got waiver of interest-on-interest on loans up to Rs 2 crore

The pre-closure penalty usually ranges from 1 to 5 per cent of the principal outstanding amount

Interest income down 20% YoY to Rs 1,072 cr; other income more than doubles to Rs 159 cr

Banks have been told that they can also adjust the amount against future liabilities for all accounts

Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme

The change will waive the compounded interest component on small business loans and some personal debts from March to August

She also said there is 'absolutely' no threat for India to provide minimum support price to farmers

Among the 30-share Sensex pack, 21 stocks declined and the rest nine rose during the week

Main reason of banks facing shortage of funds is sluggish deposit at ASCB with meagre growth of 9.9%