Interest

Goldman growth fund increases bets on India as China interest cools

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

Finance cost weighs on India Inc's earnings in Q3; operating profit dips

Interest expense rises at fastest clip in 17 quarters in Q3

HDFC Bank's Q3 net profit jumps 18.5% YoY on healthy interest income growth

Strong growth in net interest income boosts bottomline, provisions fall

Bank of India's Q1 profit declines 22% to Rs 561 cr as provisions rise

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

Future Enterprises defaults on Rs 4.10 crore interest payment for NCDs

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

Muthoot Finance Q4 profit slides to Rs 1,006 cr as interest income falls

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.

Lawmakers can't use interest on MPLADS for development work in new norms

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 ...

RBI lifts interest cap on microfinance institutions, bans usurious rates

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

Cabinet okays disbursement of additional compound interest waiver claims

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

Balance transfer your personal loan only if interest gap is 0.5-1% or more

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

SBI Cards net doubles to Rs 175 crore in Q4FY21 on lower provisions

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

Loan moratorium: Centre asks banks to foot 'interest on interest' bill

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

Govt rings in Diwali, waives interest on interest for loans up to Rs 2 cr

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

Indian banks say govt interest waiver will add to costs, spark litigation

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

Interest subsidy scheme to help exporters face global headwind: Nirmala Sitharaman

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

Markets end in red on P-Note norms, fears of rising interest

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

High real interest rate causing lowering growth in banks

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