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TRS chief promises farm loan waiver in Telangana

Last Updated: Friday, April 18, 2014, 01:59

TRS President K Chandrasekhar Rao today promised to waive farm loans up to Rs 1 lakh if his party is voted to power in Telangana.

Fitch sees level of NPAs, recast loans rising to 15% in FY15

Last Updated: Thursday, April 17, 2014, 19:43

Stressed assets, which include gross non-performing assets and restructured debt, stood at 10.2 percent as of September.

46% SMEs under credit stress, may default: India Ratings

Last Updated: Tuesday, April 15, 2014, 22:05

Nearly half of bank loans extended to listed small businesses, having a revenue of under Rs 300 crore, are under stress and there is a little possibility of improvement in the near future as their revenue growths will remain under pressure, says a report.

High interest rates responsible for rising bad loans: Moody's

Last Updated: Tuesday, April 15, 2014, 22:03

Rising interest rates and project delays are leading to an increase in bad loans among banks in India, Moody's said in a report.

EC stops implementation of education loan interest-waiver plan

Last Updated: Monday, April 14, 2014, 20:21

The Election Commission has asked the government not to implement a Rs 2,600 crore scheme to provide a moratorium on interest payments on the education loans of 9 lakh students until the elections are completed.

RBI panel recommends benchmark for floating interest rate

Last Updated: Thursday, April 10, 2014, 20:46

A Reserve Bank panel Thursday suggested a benchmark floating interest rate, especially for home loans, to bring greater transparency in the pricing of credit.

SBI to offload up to Rs 4,000 cr bad loans to ARCs

Last Updated: Sunday, April 06, 2014, 15:40

"We are selling NPA between Rs 3,500-4,000 crore of NPA," SBI chairman and managing director Arundhati Bhattacharya said last evening at IIM Calcutta.

FY14 home loans at Rs 1.6 tln; total book at Rs 9.6 tln: NHB

Last Updated: Wednesday, April 02, 2014, 19:31

Indians borrowed nearly Rs 1.60 lakh crore in housing loans in 2013-14, helping home finance firms' books move closer to the Rs 10 lakh crore mark, said a top official of the National Housing Bank.

RBI not to issue fresh NBFC licence for one year

Last Updated: Tuesday, April 01, 2014, 23:07

However, COR applications already received by the Bank on or before March 31, 2014, will be disposed of in the normal course, it said.

No change in EMIs likely as RBI keeps interest rate on hold

Last Updated: Tuesday, April 01, 2014, 12:10

The RBI, in its first bimonthly monetary policy statement, left the short-term lending rate or repo rate unchanged at 8 percent and the cash reserve ratio static at 4 percent.

25% loan seekers under 30 years of age: Cibil

Last Updated: Sunday, March 23, 2014, 19:25

There has been a huge rise in the number of people under 30 years of age seeking credit in the last five years, according to credit information provider Cibil report.

SBI to sell bad loans of Rs 3000 crore this fiscal

Last Updated: Saturday, March 22, 2014, 18:33

SBI chairman expressed confidence that NPA will be under control once the economic scenario start looking up.