27 PSU banks write off Rs 1.14 lakh cr bad debts during 2012-15

27 PSU banks write off Rs 1.14 lakh cr bad debts during 2012-15

A whopping Rs 1.14 lakh crore of bad loans have been written off by 27 public sector banks (PSBs) during FY 2012-15, with the last fiscal alone witnessing a steep 53 percent rise in write-offs as part of the balance sheet clean-up.

Love's in the air! This 'Romeo' applies for loan to celebrate Valentine's Day

Love's in the air! This 'Romeo' applies for loan to celebrate Valentine's Day

Zee Media Bureau

New Delhi: Truly, love's in the air as February 14 approaches and what would love-birds not do to celebrate Valentine's Day, the day of love.

Rs 1 lakh crore disbursed in loans for small businesses: Amit Shah

Rs 1 lakh crore disbursed in loans for small businesses: Amit Shah

Narendra Modi government has ensured that more than Rs one lakh crore in loans is disbursed to micro units and enterprises in just one financial year, BJP president Amit Shah Sunday said as he termed it as a big "success" in providing self employment to people.

ECB loans 18.3 bn euros to banks at ultra-cheap rates

The European Central Bank said Friday it lent around 18.3 billion euros ($20 billion) to 55 banks in a sixth round of special liquidity measures aimed at reflating the eurozone economy. 

Raghuram Rajan expects banks to clean up bad loans by March 2017

Reserve Bank of India Governor Raghuram Rajan said on Tuesday he expects bad debt-burdened banks to clean up their balance sheets by March 2017, warning the central bank would monitor whether concessions made to lenders were being misused.

RBI offers no EMI relief to borrowers, keeps interest rates unchanged

RBI offers no EMI relief to borrowers, keeps interest rates unchanged

The Reserve Bank of India (RBI) on Tuesday kept interest rates unchanged at its bi-monthly monetary policy review amid lingering concerns over inflation, after having already cut the repo rate by a sharper 50 basis points at its last meet.

Vijay Mallya in talks with banks to clear Kingfisher Airlines dues

Kingfisher Airlines chairman Vijay Mallya on Tuesday claimed that he was in talks with banks to settle dues of the defunct airline, saddled with a whopping Rs 8,700 crore loan.

RBI includes Bandhan Bank in second schedule list

Reserve Bank on Thursday said that newly launched Bandhan Bank has been included in the second schedule list, making it eligible for loans from the central bank at bank rate.

Other income pushes Yes Bank net up 26.5%; bad loans double

Other income pushes Yes Bank net up 26.5%; bad loans double

Yes Bank Thursday reported a 26.5 percent rise in net profit at Rs 610.4 crore for the second quarter ended September 30, boosted by fee income, which helped it offset the impact of rising bad loans that more than doubled in the reporting period.

Kingfisher Airlines allegedly diverted portion of loans to tax havens

Kingfisher Airlines allegedly diverted portion of loans to tax havens

Kingfisher Airlines had allegedly diverted a substantial chunk of Rs 4,000 crore in loans secured from public sector banks to tax havens which has now come under the scanner of the CBI that has expanded its probe in the matter.

NCDEX, Kotak Mahindra Bank pact to provide commodities loans

National Commodity & Derivatives Exchange Ltd (NCDEX) Tuesday announced its tie-up with Kotak Mahindra Bank to provide financing to the depositors of goods in warehouses approved by the exchange.

Axis Bank realigns home loan rates; introduces new slab

Country's third largest private lender Axis Bank Tuesday introduced a new slab for its home loan borrowers with offers starting at 9.60 percent onward.

Banks will have to follow new base rate calculation: Rajan

Reserve Bank Governor Raghuram Rajan on Tuesday said the RBI is looking into banks' concern over adopting the marginal cost-based base rate regime but made it clear the lenders will have to follow the new computation methodology.

 

RBI rate cut to drive growth, banks must follow suit: India Inc

 India Inc on Tuesday said the Reserve Bank's move to cut interest rate by 0.50 percent is "pro-growth" and exhorted banks to transmit the lower interest rate to borrowers to revive demand and kick-start the investment cycle.

 

Realtors ask banks to pass on benefits of RBI rate cut

Hailing the Reserve Bank's decision to cut interest rate by 0.50 percent, real estate developers on Tuesday asked the banks to pass on the benefits to home loan borrowers that would help revive housing demand especially during upcoming festive season.

Another big promise fulfilled with RBI rate cut: BJP

The BJP on Tuesday sought to draw political mileage from reduction in key interest rate by the Reserve Bank of India, saying its fourth fall in a year "fulfills" the party's promise of bringing the rate down to help people avail cheaper loans.

Rajan for faster transmission of RBI rate cut

After lowering the interest rate by 50 basis points to boost economy, Reserve Bank Governor Raghuram Rajan on Tuesday said the RBI will work with the government to ensure a faster transmission and also hoped that banks will pass on the benefits to customers.

Amtek hasn't approached us for new loans yet: Lenders

Even as cash-crunch hit Amtek Auto informed exchanges that it's in advanced talks with banks for fresh funds to repay its Rs 800 crore debt, lenders Tuesday denied any such discussions and said they've serious reservation about further lending to the auto component maker.

HDFC Bank cuts base rate by 0.35% to 9.35%; lowest in industry

After repeated chiding by RBI chief Raghuram Rajan on banks not passing rate cut benefits to consumers, HDFC Bank Monday lowered its base lending rate by 0.35 to 9.35 -- the lowest in the industry.