loans

New Delhi, State-owned Punjab National Bank has signed an agreement with Steel Authority of India to provide home loans, car loans and education loans to its employees at concessional rates.Punjab National Bank (PNB) said in a statement on Thursday that this strategic partnership aims to...

Mumbai: The Reserve Bank of India on Wednesday allowed banks to use the ratings of Brickwork Ratings India Pvt Ltd for loans up to Rs 250 crore.RBI asked banks and other regulated entities not to obtain any new ratings from Brickwork Ratings India in October 2022.The certificate of...

While Rs 3.75 lakh crore is allocated for the priority sector, Rs 1,65,000 crore is for other sectors.For the agriculture sector, the SLBC has pegged the credit scheme at Rs 2.64 lakh crore, or 14 per cent more than the previous year. While the priority sector credit target for 2023-24 was Rs...

Thiruvananthapuram, Kerala Bank recorded a net profit of Rs 209 crore in the year 2023-24, with deposits, loans and overall business showing an upward trend, state Cooperation Minister VN Vasavan said on Monday.Vasavan was responding to a presentation moved by Leader of Opposition VD Satheesan...

Noida, Eleven people, including nine women, were arrested for defrauding people in the name of loans and insurance policies from a call center here, officials said on Saturday.Noida police said the gang had details of 10,000 people.The gang, which operated from a call center on the fourth...

RBI, in its statutory inspection, has found that PNB has "sanctioned working capital demand loans to two state government-owned corporations against the amount to be received from the government by way of subsidy/refund/reimbursement."PNB also failed to preserve records relating to the...

Mumbai, Reserve Bank CEO Neeraj Nigam on Friday said low participation of women in the workforce is a barrier to financial inclusion efforts and also broader economic growth.He said there is also a need to increase the supply of credit to women, noting that only 7 percent of total outstanding...

New Delhi, Coffee Day Enterprises Ltd has reported a total default of Rs 433.91 crore in interest payments and repayment of principal amount on loans from banks, financial institutions and unlisted debt securities like NCD and NCRPS for the quarter being ended June 30, 2024.Coffee Day...

New Delhi: State-owned Bank of Maharashtra (BoM) on Friday reported 19 per cent growth in loans to Rs 2.09 lakh crore for the April-June quarter.The outstanding credit at the end of June 30, 2023, stood at Rs 1.75 lakh crore, BoM said in a regulatory filing.The Pune-headquartered lender...

Thiruvananthapuram: The Kerala government on Wednesday held a high-level meeting to discuss the problems of cardamom farmers and find solutions, including a moratorium on loans given to them.The online meeting was chaired by Chief Minister Pinarayi Vijayan, a statement issued by his office...

New Delhi: Police have arrested three men for their alleged involvement in multiple robberies in Burari and Swaroop Nagar in north Delhi, officials said on Wednesday.The accused were identified as Ravinder (37), Mandeep Maan (30) and Arjun (36), residents of Haryana, they said."A PCR call...

Mumbai, SBI, the country's largest lender, on Monday launched end-to-end digital invoice financing for small businesses.Dubbed 'MSME Sahaj', the product will have a delivery time of less than 15 minutes, according to a statement.***Wify raises Rs 25 crore* City-based startup Wify said on...

New Delhi, Public sector non-banking finance company IREDA on Monday said it has recorded a multi-fold increase in its sanctioned loans to Rs 9,136 crore during April-June in FY2025.Loan disbursement also increased by 67.61 per cent to Rs 5,320 crore during the period under review, from Rs...

New Delhi: State-owned REC Ltd on Monday said it sanctioned loans worth Rs 1,12,747 crore during April-June FY2025, registering a year-on-year growth of 24.17 per cent.The company said in an exchange filing that it had sanctioned Rs 90,797 crore as loans during the year-ago period.Loan...

New Delhi: Fintech firm Olive expects its revenue to grow 40 per cent to Rs 350 crore in FY20, mainly due to growth in user base, big ticket loans and expansion of portfolio, a top company official said on Monday. Said.The company claims that its revenue has more than doubled to around Rs 250...

New Delhi [India], As wedding spending in India is on the rise, interest rates for wedding loans are on the higher end, typically ranging between 10 percent and 36 percent annually, according to Jefferies .This change comes with challenges, particularly high interest rates of up to 36 percent...

Kochi, the Enforcement Directorate has attached a plot of land in Kerala and bank deposits worth Rs 73 lakh allegedly belonging to the CPI(M) as part of an ongoing money laundering probe linked to the Karuvannur Service 'scam' Cooperative Bank, official sources said on Saturday.The CPI(M)...

Bilaspur (Himachal Pradesh), Additional Deputy Commissioner (ADC) Bilaspur Nidhi Patel said that private sector banks in the district should give more benefits to the people under various government schemes, especially pension schemes.During a meeting with the bankers' committee on Friday, he...

New Delhi (India), June 28: In an era when the healthcare sector faces fundamental challenges ranging from paucity of infrastructure to dire need for modern equipment, Bank of Maharashtra presents itself as an ally of the medical community and offers the MAHA-DOC scheme designed specifically for...

New Delhi (India), June 28: India is a nation where agriculture forms the backbone of the economy and finding a strong support system for farmers and agri-industries is extremely essential. Recognizing this, Bank of Maharashtra introduces Maha Krishi Samridhi Yojana (MKSY), which offers...