hyderabad The State Government has decided to revive the interest-free loan scheme to women self help groups (SHGs) with its re-launch on March 12, Deputy Chief Minister Mallu Bhatti Vikramarka said. Speaking to reporters here on Saturday, he said that the government has plans to extend at least ₹1 lakh crore interest-free loans to women … Read more
Krishnamurthy Subramanian. | Photo Credit: The Hindu Taking a tough stance, India has batted for “stringent monitoring” of any emergency funds provided by the International Monetary Fund (IMF) to its financially beleaguered neighbour Pakistan, stressing that such funds must not be redeployed towards defence bills or repayment of loans from other countries. India’s position was … Read more
New Delhi: The Mistry family, promoters of Shapoorji Pallonji (SP) Group, is looking to raise ₹15,000 crore in five-year loans against cash flows in their real estate business to replace high-cost debt, according to people with knowledge of the matter. The funds will be used to redeem bonds issued three years ago that have onerous … Read more
The Kannur cyber police have issued a stern warning following a recent complaint by a young man who, despite repaying a loan obtained through an app, was allegedly threatened and coerced into paying more money. The victim had initially taken a loan through an app and repaid the entire amount. According to a release, scammers … Read more
Shares of Shriram Finance jumped over 9% to hit day’s high of Rs 1,961 on the NSE following favourable views by a clutch of top brokerages. Among them were HSBC, Motilal Oswal and Nuvama who remained gung-ho on the prospects of the stock and recommended a buy after the company posted strong September quarter earnings … Read more
Think tank wants financial incentive to keep NHS nurses, midwives and physios in England for 10 years. Source link
MUMBAI – IDFC First Bank Ltd reported a 61.3% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 765 crore. Total income from operations grew 43.3% on year to Rs 8,282 crore. Net interest income, the difference between interest earned and interest expended, rose 36% YoY to Rs 3,745 crore. Operating … Read more
Mumbai: Indian lenders, led by HDFC Bank, continued to report strong credit growth in the March quarter on the back of robust pick-up in retail and corporate loans. HDFC Bank Monday said its March-quarter advances climbed 17%, taking its total loan book to ₹16 lakh crore. The lender had a loan book of ₹13.66 lakh … Read more
While tabling the Budget a week ago, Telangana Finance Minister T. Harish Rao accused the Centre of “creating hurdles after hurdles” in the development of the State. He said that the State had resorted to off-Budget borrowings to complete irrigation projects in the shortest time but the Centre had imposed borrowing limits. This cut in … Read more
“Banks have written off ₹11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22,” Parliament was informed on December 20. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the … Read more