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  • JSW Cement secures Rs 400 crore as sustainability-linked loan from MUFG Bank Oct 03, 2022 11:39 AM IST

    JSW Cement secures Rs 400 crore as sustainability-linked loan from MUFG Bank

    The Sajjan Jindal-led company plans to deploy the fund for capital expenditure to achieve its annual capacity target of 25 million tonne by FY25, it said in a statement.

  • A $1 trillion burden looms for world borrowers refinancing debt Oct 03, 2022 09:27 AM IST

    A $1 trillion burden looms for world borrowers refinancing debt

    While most governments and companies are still able to stomach the higher financing bills, credit markets are starting to buckle as fund outflows and volatility soar

  • MFIs' gross loan portfolio rises 23.5% to Rs 2.93 lakh crore as of June 2022 Sep 22, 2022 05:48 PM IST

    MFIs' gross loan portfolio rises 23.5% to Rs 2.93 lakh crore as of June 2022

    The GLP grew 2.7 per cent during the June quarter compared to Rs 2.85 lakh crore at the end of the preceding March quarter, the report by industry lobby grouping and RBI-recognised self regulatory organization Microfinance Institutions Network (MFIN) said.

  • IMF chief pleased Sri Lanka reached staff-level deal for USD 2.9 billion Sep 04, 2022 02:49 PM IST

    IMF chief pleased Sri Lanka reached staff-level deal for USD 2.9 billion

    The International Monetary Fund (IMF) on Thursday announced that it will provide Sri Lanka a loan of about USD 2.9 billion over a four-year period to help the island nation overcome the unprecedented economic turmoil.

  • MC Explains | How to manage your credit and borrowing in the era of loan apps? Sep 02, 2022 10:20 AM IST

    MC Explains | How to manage your credit and borrowing in the era of loan apps?

    The availability of credit with just a click of a button lures us to borrow more and more. Taking a loan is not bad, but it becomes a problem when you borrow for things that are not a necessity. Loan apps have made it easier to borrow, but also made it easier to get trapped in the vicious cycle of borrowing to repay. So here are a few points to keep in mind to borrow responsibly, so that loan apps don’t kill you.

  • IMF provisionally agrees on $2.9 billion loan for Sri Lanka Sep 01, 2022 11:01 AM IST

    IMF provisionally agrees on $2.9 billion loan for Sri Lanka

    "The objectives of Sri Lanka's new Fund-supported programme are to restore macroeconomic stability and debt sustainability," the statement said, outlining the 48-month long arrangement under the IMF's Extended Fund Facility.

  • Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan: Sources Aug 31, 2022 10:35 AM IST

    Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan: Sources

    The island nation, struggling with its worst economic crisis in more than seven decades, had sought up to $3 billion from the IMF.

  • Sri Lanka president Ranil Wickremesinghe to present first budget with hopes for IMF loan Aug 30, 2022 06:28 AM IST

    Sri Lanka president Ranil Wickremesinghe to present first budget with hopes for IMF loan

    Officials hope the interim budget for the rest of the year will be followed by a staff-level agreement on extending much-needed IMF help for Sri Lanka to tackle its worst economic turmoil since independence from Britain in 1948.

  • SBI sells KSK Mahanadi Power loan account to Aditya Birla ARC for Rs 1,622 crore Aug 19, 2022 02:16 PM IST

    SBI sells KSK Mahanadi Power loan account to Aditya Birla ARC for Rs 1,622 crore

    KSK Mahanadi Power Company had total loan outstanding of Rs 3,815.04 crore towards State Bank of India (SBI) as of April 2022.

  • Bank of Maharashtra tops list of PSU lenders in Q1 loan, deposit growth Aug 12, 2022 02:13 PM IST

    Bank of Maharashtra tops list of PSU lenders in Q1 loan, deposit growth

    The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at the end of June 2022, according to published quarterly numbers of the public sector banks (PSBs).

  • Union Bank expects to recover Rs 15,000 crore from bad loans this fiscal Aug 01, 2022 06:27 PM IST

    Union Bank expects to recover Rs 15,000 crore from bad loans this fiscal

    It expects to make recoveries worth Rs 10,000 crore from accounts under the National Company Law Tribunal (NCLT) for resolution of bad loans in 2022-23, the bank said during an analysts conference call post June 2022-23 quarter earnings announcement last week.

  • ICICI Bank raises lending rate by 15 bps Aug 01, 2022 02:37 PM IST

    ICICI Bank raises lending rate by 15 bps

    The rates have been increased across all tenors under the marginal cost of funds-based lending rate (MCLR) system, a move that will make EMI expensive for those who availed loans benchmarked against MCLR.

  • Ukraine aims for $15-20 billion IMF loan by year-end: Central bank governor Jul 27, 2022 01:56 PM IST

    Ukraine aims for $15-20 billion IMF loan by year-end: Central bank governor

    Battered by Russia's invasion launched on Feb. 24, Ukraine faces a 35%-45% economic contraction in 2022 and a monthly fiscal shortfall of $5 billion and is heavily reliant on foreign financing from its Western partners.

  • US Energy Department set to loan GM battery joint venture $2.5 billion Jul 26, 2022 06:44 AM IST

    US Energy Department set to loan GM battery joint venture $2.5 billion

    The conditional commitment for the loan to Ultium Cells LLC for facilities in Ohio, Tennessee, and Michigan is expected to close in the coming months and comes from the government's Advanced Technology Vehicles Manufacturing (ATVM) loan program, which has not funded a new loan since 2010.

  • World Bank approves USD 1 billion loan for Ayushman Bharat Health Infrastructure Mission Jul 19, 2022 06:46 PM IST

    World Bank approves USD 1 billion loan for Ayushman Bharat Health Infrastructure Mission

    The loan cleared on June 28, 2022 comprises two complementary loans of USD 500 million each namely for Transforming India’s Public Health Systems for Pandemic Preparedness Program (PHSPP) and India’s Enhanced Health Service Delivery Program (EHSDP)

  • Few states seek extension of GST compensation for 5 years: FM Nirmala Sitharaman Jul 18, 2022 05:35 PM IST

    Few states seek extension of GST compensation for 5 years: FM Nirmala Sitharaman

    GST Council, in its 42nd meeting, has recommended extending the period of levy of GST Compensation cess beyond June 2022 to cover the entire shortfall as well as servicing the back-to-back loan released to states

  • Repayment pressure to test banks' loan underwriting quality: Fitch Jul 14, 2022 01:29 PM IST

    Repayment pressure to test banks' loan underwriting quality: Fitch

    However, asset-quality risks from higher rates should generally be moderate for most banks, it said in a statement.

  • Bharatpe loan disbursal doubles to Rs 3,600 crore in April-June on quarterly basis Jul 06, 2022 07:18 AM IST

    Bharatpe loan disbursal doubles to Rs 3,600 crore in April-June on quarterly basis

    The company had facilitated loan disbursal of around Rs 1,700 crore through its NBFC partners in the January-March 2022 quarter.

  • Shattered Dreams, Humiliation, Fight For Survival: How laid-off startup employees are coping Jul 04, 2022 10:59 AM IST

    Shattered Dreams, Humiliation, Fight For Survival: How laid-off startup employees are coping

    Moneycontrol spoke to 15 people who were laid off in the past six months to understand their hopes and fears as they navigate the new normal. All the names of the laid-off employees have been changed in the story to protect their identities.

  • Meja Urja Nigam raises Rs 250 crore short-term loan from Punjab National Bank Jul 01, 2022 02:45 PM IST

    Meja Urja Nigam raises Rs 250 crore short-term loan from Punjab National Bank

    The amount will be utilised towards financing the existing loans, its Additional General Manager (AGM) Amit Rautela told PTI.

  • IMF sets tough conditions for Pakistan to revive $6 billion loan facility: Report Jun 29, 2022 12:18 PM IST

    IMF sets tough conditions for Pakistan to revive $6 billion loan facility: Report

    The International Monetary Fund has also asked Pakistan to set up an anti-corruption task force to review all the existing laws that were aimed at curbing graft in the government departments, the reports, quoting sources as saying.

  • Adani Transmission's $700 million revolving facility gets 'green loan' tag Jun 15, 2022 02:27 PM IST

    Adani Transmission's $700 million revolving facility gets 'green loan' tag

    Sustainalytics, a Morningstar Company, provides analytical environmental, social and governance (ESG) research, ratings and data to institutional investors and companies.

  • Elon Musk’s revised Twitter bid drops margin loan, requires more cash May 26, 2022 06:44 AM IST

    Elon Musk’s revised Twitter bid drops margin loan, requires more cash

    Elon Musk will provide an additional $6.25 billion in equity financing for the $44 billion buyout, according to a regulatory filing Wednesday. That’s enough to eliminate the margin loan of the same size, which had already been reduced earlier this month.

  • Elon Musk pledges more equity to fund Twitter deal, scraps margin loan May 26, 2022 06:02 AM IST

    Elon Musk pledges more equity to fund Twitter deal, scraps margin loan

    The disclosure made in a regulatory filing on Wednesday signaled Musk is working to complete the deal even though he had last week linked its progress to Twitter presenting proof that spam bots accounted for less than 5% of the total users.

  • DCB Bank Q4 net profit jumps to Rs 113 crore May 08, 2022 07:11 PM IST

    DCB Bank Q4 net profit jumps to Rs 113 crore

    Total income in the March quarter of fiscal year 2021-22 increased to Rs 1,035 crore, as against Rs 967 crore in the same quarter of 2020-21, DCB Bank said in a regulatory filing.

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