Bank Loans

A personal loan is an unsecured loan that requires no collateral & the absence of collateral in personal loans leads lenders taking a cautious approach while evaluating personal loan applicants. Here are some of the banks that are offering the cheapest personal loans with interest rates in the range of 9.47-12.4 percent.

What 6 Indian banks vs Singapore’s GVK unpaid loans case in London high court is all about

GVK group's GVK Coal Developers had borrowed $1 billion and $159,973,008 from six Indian banks, in 2011 and 2014, to fund its interests in Australian coal and infrastructure projects. While the loans remain unpaid, GVK tried to sell Bengaluru and Mumbai airports without the banks' knowledge.

There's some good news. Credit growth is casting its net wide

The star of the show this fiscal year has been the services sector. Loans outstanding to the services sector showed a growth of a mere 1.8 percent in the first quarter of FY23, compared to 7.7 percent in Q1 of the current fiscal year

Shriram Finance reduced bank borrowing as interest rates rose, data shows

Shriram Finance cut its bank borrowings from 25.87 percent of total borrowings in Q1FY23 to 24.31 percent in the April-June quarter of the current financial year

Banks see fall in SMA-2 loans, indicating asset quality improvement

The central bank, in its FSR report in June, said that the asset quality of scheduled commercial banks improved to a 10-year low, with GNPA declining to 3.9 percent in March 2023.

RBI releases draft rules on penal charges related to loans

Issuing the rules the RBI said that the quantum of penal charges shall be proportional to the defaults/ non-compliance of material terms and conditions of loan contract beyond a threshold.

You just can't miss the pent-up demand for bank credit

Growth in non-food bank credit outstanding this fiscal year is not only higher than in pre-pandemic times, but the highest in at least the last ten years

NBFCs return to bank loans as main funding source as credit demand revives

Banks’ outstanding credit to the NBFC sector increased 21 percent year-on-year to Rs 11.01 lakh crore as on June 17.

Should banks 'raise more deposits'? 

While individual banks might worry about raising deposits before making out loans, at a system level, every loan asset is self-funded by the deposit that it creates

More Chinese developers seek domestic bond issuance

China tightened financing curbs on the real estate industry early this year, exacerbating financial problems at indebted developer China Evergrande Group and triggering sector-wide liquidity stress that some feared could destabilise China's economy

Chart of the Day | Bank loans to large industries are finally picking up, show RBI data

Loans for buying consumer durables and credit card outstandings saw strong m-o-m growth in October, followed by trade advances

FM Nirmala Sitharaman to review implementation of resolution framework for COVID-19 stress in bank loans

The review by FM Nirmala Sitharaman will focus on enabling businesses and households to avail of the revival framework

SBI targets 10 lakh farmers via its all-India meet on Thursday to boost agri loans

The Bank hopes to reach out to atleast 10 lakh farmers through this nation-wide farmers’ meet

InvITs may deleverage infrastructure companies by nearly Rs 13,000 crore

The first four infrastructure investment trusts (InvITs), which are likely to hit the primary markets this fiscal, may bring down the overall debt of sponsor groups by nearly Rs 13,000 crore, according to India Ratings and Research (Ind-Ra).

Compliance rating for industry under GST on the cards

Revenue Secretary Hasmukh Adhia said a system of GST Compliance Rating will be put in place so that every trader or businessman will be rated based on their track record.

Don't expect your loans to become cheaper as banks still battle high cost of funds

Even though Reserve Bank of India Governor Urjit Patel feels “further scope for a more complete transmission of policy impulses remains”, banks hold a different view.

Indian tractor sales seen rising as regions waive farm loans

Tractor sales in India are likely to grows in double digits in the fiscal year that started on April 1, following a decision by at least two states to waive some loans to farmers, India's biggest tractor maker said on Wednesday

NPAs at record high: PAC for naming and shaming defaulters

As NPAs of public sector banks soared to a staggering Rs 6.8 lakh crore, the chairman of a key Parliamentary panel today favoured naming and shaming corporate houses which default on repayment of bank loans.

Tobacco farmers seek withdrawal of larger pictorial warnings

Stating that shutting down of cigarette factories have put "extreme stress" on tobacco farmers, FAIFA urged the government to withdraw the order that requires 85 percent of pictorial warning on packets of tobacco products, while asking the industry to resume production.

RBI to soon release framework for large exposure of loans

A draft circular on the Large Exposures Framework will be issued for public comments in June 2016, which is to be implemented by January 1, 2019, he said, after unveiling the first bi-monthly monetary policy review for 2016-17.

After kerosene, it is now time for food and fert subsidy reforms

India's food subsidy for 2015-16 was estimated at around Rs 1.24 trillion. The government believes food subsidy savings through DBT will be much higher than that for LPG. To put things into perspective, the government hopes to save Rs 15000 crore in LPG subsidy leakages every year

New base rate math: Impact on aam aadmi and corporates

The move toward marginal cost of funds methodology for interest rate on advances is aimed at ensuring faster transmission of changes in RBI policy rates to banks' lending rates

Will use Rs 250 cr for capex; debt reduction: Orient Green

S Venkatachalam, managing director, Orient Green Power, says out of the Rs 250 crore raised, Rs 125 crore will be used for expanding projects, while the rest will be used for retiring the high-cost bank loans and getting longer tenures which will lead to larger savings

Industrial profile of 652 districts ready: MSME Minister

"The profile carries details like number of training institutes and engineering colleges in each district, availability of various raw materials and types of existing industries in that district. Entrepreneurs can contact us to get the data."