SpiceJet operations grounded as oil companies stop fuel supply

Trouble for the beleagured low-cost airlines SpiceJet deepened on Wednesday with their operations being grounded as oil companies stop fuel supply, airport sources said.

UP govt suspends recovery of dues and loans from farmers

Uttar Pradesh government has suspended recovery of all revenue dues and cooperative bank loans from farmers in drought and flood-affected areas of the state.

Interest subsidy on educational loans

The government has launched a scheme to provide interest subsidy on educational loans for overseas studies for students belonging to the minorities, including Muslims.

Maharashtra tops farmer-suicides list

With 3,146 distressed farmers ending their lives last year, Maharashtra has topped the list of farmland suicides in the country, an activist said here Friday.

The bhartiya mahila “vote” bank!

Rather unfortunate as it may sound but it looks like the purpose of the Bharatiya Mahila Bank is more about women vote bank.

Sri Lanka grants loans to former LTTE cadres

The Sri Lankan government Monday provided low interest loans to former LTTE cadres to start their livelihood.

MP farmers to get interest-free loans

Madhya Pradesh Government on Saturday announced that farmers in the state will get interest-free loans.

China leans on banks to curb lending

Chinese banking authorities have instructed some major banks to curb their lending over the rest of this month, official media and banking sources said on Wednesday.

IIFCL ties up for USD 2.4-bn WB, ADB loans

World Bank and Asian Development Bank have agreed to shortly extend USD 2.4 billion (around Rs 12,000 crore) to the state-owned India Infrastructure Finance Company to fund various projects.

Some Dubai World creditors may offload loans: Report

Some creditors to Dubai World, which is currently restructuring $22 billion of debt, are seeking to offload loans to reduce their exposure to the conglomerate, the Financial Times reported.

ICICI Bank to focus on home-loans as real estate picks up

ICICI Bank, on Friday said it is focussing on the home-loan
segment as the real estate segment is witnessing a comeback
after the economic slowdown.

Chinese banks to be punished for risky lending

China has issued a rare warning that it will impose curbs on banks unless they beef up their defences against bad loans as Beijing tries to put the brakes on a massive lending spree.

Govt asks creditor banks to waive 220 bn in loans to JAL

A government task force on
reconstructing Japan Airlines Corp (JAL) requested four of the
five main creditor banks of the struggling airline to write
off 220 billion yen in loans, sources close to the matter
said.

Banks see muted Sept qtr profits on sedate loan growth

India`s mid cap lenders are likely to post a muted net profit growth in the July-September quarter owing to a sluggish increase in loans and lower treasury gains from government bonds, analysts said.

SBI slashes interest rates for agri loans

In a bid to support drought-hit farmers, State Bank of India Thursday launched a bouquet of measures for farm loan borrowers including interest rate reductions on irrigation and crop loans.