The government will borrow Rs 3.72 lakh crore or 64 percent or total annual gross borrowing during April-September in 2017-18.
Pre-payment reduces your interest burden, reduces the tenor of your loan, and ensures long-term savings for you.
IndusInd Bank's results is a wake-up call for all doomsday experts who believed the economy will ground to a standstill
Unaccounted wealth is now in the banking system thanks to demonetisation. Publicly available data shows how different routes were used to bring the money in
In further relief to people hit by demonetisation, the Reserve Bank of India (RBI), on December 28, 2016, gave borrowers another 30 days, over and above 60 days, for repayment of housing, car, farm R
The number of transactions and amount deposited in banks following demonetisation is on a downward trajectory, says Rajnish Kumar, MD of SBI. He believes the overall deposits could not have yet touched the highly-speculated Rs 11 lakh crore figure.
While trying to pay off your debts is a good move, it is not always financially advantageous.
Speaking to CNBC-TV18 Amisha Vora of Prabhudas Lilladher said that demonetisation will lead to downward revision in one or two quarters at least. The critical question is whether global funds will overlook the pain for two quarters?
A sharp decline in profitability and mounting losses could wipe out the revenue reserves of some PSU banks and hamper their near-term ability to pay interest on the bonds issued to meet Basel III norms, Crisil Ratings said today.
Until a few decades ago, Indians were generally averse to taking loans to buy or construct their homes and would use their retirement funds for the same. However, with increasing urbanisation, easy availability of R
The country's poor are bankable and banks should not shy away from extending credit to them, Urban Development Minister M Venkaiah Naidu said today.
In all cases of restructuring, the central bank said, the moratorium period of at least one year should be considered. Moreover, the banks should not insist on additional collateral security for such restructured loans, it added.
Citing exorbitant loans as a major reason for farmer suicides, Karnataka Chief Minister Siddaramaiah today warned strict action against private money lenders charging more than 14 and 16 percent interest rate.
Shares were trading down 21 percent at 13 rupees at 2:50 p.m. on Wednesday after falling to as low as 11.15 rupees earlier in the day.
"Rumours are being spread by certain segments of the market to profit from trading pertaining to Unitech defaulting on repayments to certain lenders, which are false and misleading," the company said in a statement.
Suzlon said it will repay domestic term loans worth Rs 5000 crore with the proceeds from the sale of its German arm Senvion
SMEs have been the backbone of the Indian economy. Yet getting an SME loan is a challenging task for small businesses
The company has also filed a plea seeking hospitalization of Subrata Sahara after the group‘s lawyers told the apex court that Roy is suffering from high blood pressure and is likely to suffer a stroke.
Harshala Chandorkar of CIBIL discusses on the need to be careful before signing as a guarantor for anyone else's loan. She stresses on how defaults on loan repayment by that person may affect the guarantor's CIBIL credit score.
Jyothy Labs is increasing ad spends to 10-12 percent. It will also expand Henkel brands, which were predominantly urban, into semi-urban and rural areas, while Jyothy's brands will be pushed more into the urban markets and modern trade.
K Raghavendra Rao, chairman and managing director, Orchid Chemicals says the company has approached State Bank of India to delay the repayment of its USD 300 million debt.
The proposal comes amidst allegations of banks using corporate debt restructuring (CDR) mechanism - under which the repayment tenor of a loan is delayed - to take care of a borrower's temporary needs in times of stress.
A home loan is usually the biggest liability in an individual‘s life, and thus needs to be carefully taken.
Suzlon Energy on Tuesday said it has successfully completed a USD 647 million bond issue, which will help the wind turbine maker pare existing foreign currency debt and also give more headroom in its efforts to repay its lenders, who recently approved its corporate debt restructuring package.
The reverse mortgage scheme has been in operation for quite some time in the Indian economy but this has not had the kind of impact that was initially expected.