NEW DELHI: When taking an education loan for higher studies in India, many don’t realise that lenders would ask for a collateral beyond a specific amount. Lenders need collateral for…
loans
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State Bank of India (SBI) wrote off loans worth Rs 9,986 crore during Q3FY21. A clutch of banks have together written off loans worth Rs 25,539 crore in the December…
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The Manhattan District Attorney’s Office is investigating some $280 million in loans over eight years to four Donald Trump properties in Manhattan, The Wall Street Journal reported Saturday. The loans — to his…
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Bloomberg A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with…
- News
Tamil Nadu Chief Minister K Palaniswami announces waiver on Rs.12,110cr farm loans from cooperative banks
Tamil Nadu Chief Minister K Palaniswami announced the waiver on Rs.12,10cr crop loans that farmers borrowed from cooperative banks. According to the Chief Minister, this move is to benefit 16.43lakhs…
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The current regulatory forbearance on bank loans has been necessitated by the Covid-19 pandemic. Keeping in mind the negative consequences of prolonged regulatory forbearance following the 2008 global financial crisis…
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The Paycheck Protection Program’s loose rules allowed virtually any small business or company in America to qualify for a government-backed relief loan. Citizens and activist groups have criticized thousands of…
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TipRanks These 3 “Strong Buy” Stocks Are Top Picks for 2021, Say Analysts Some traditions are too time-honored to shirk, and on Wall Street, the annual ‘top picks’ are one.…
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TipRanks Raymond James: 2 Big 7% Dividend Stocks to Buy Now Watching the markets with an eye to the main chance, Raymond James strategist Tavis McCourt sees both risk and…
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For many of us, the outbreak of Covid-19 pandemic has been quite a drain on our finances.The six-month moratorium on loan repayments provided by banks eased the pain of those…
- Finance
We believe can recover 50% of Rs 40,000-crore bad loans: Prashant Kumar, MD and CEO, YES Bank
The October-December quarter witnessed 75% of the credit ratings being reaffirmed. By Malini Bhupta Barely nine months after the moratorium was imposed on Yes Bank, the private sector lender is…
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Similarly, loans under moratorium in private banks remained at 33.96% and the same was 20.93% for foreign banks. By Ankur Mishra Loans under moratorium have not significantly decd since April…
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The asset quality of the NBFC sector deteriorated as slippages rose in FY20. However, efforts were made by NBFCs to clean up their balance sheets, as reflected in their written-off…
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Liquidity coverage ratio, a key financial indicator, stood at 115.5% compared with 107.3% in the previous quarter. Yes Bank registered 1.3% quarter-on-quarter (q-o-q) growth in loans and advances to Rs…
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NEW YORK (AP) — Thousands of minority-owned small businesses were at the end of the in the government’s coronavirus relief program as many struggled to find banks that would…
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HYDERABAD: A one-time settlement (OTS) of loans taken from banks by itself is not legally sufficient to wipe out the criminal liability of the borrowers, particularly those who fraudulently to…
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VIJAYAWADA: In a novel protest, sanitary staff angry over denial of loans by banks dumped garbage in front of banks at Vuyyuru in Krishna district. The loan applicants lamented that…