Loan

  • 10 financial steps you must take before you retire 09-04-2014 05:09 PM

    Do not put off today what you cannot afford to do tomorrow. In spite of the world wide pension crisis and a growing acceptance that we must plan and save for our retirement, the harsh reality is we are actually not saving enough. Research reports reveal that only 15 per...
  • Chidambaram to discuss United Bank crisis with RBI Governor 05-03-2014 05:36 PM

    New Delhi: Finance Minister P Chidambaram on Wednesday said he will discuss United Bank of India's bad loan crisis with the Reserve Bank Governor later this week. "United Bank is a special case. We will deal with that. It's not an alarming case...UBI issue will be discussed separately when the...
  • Education sector gets about 9 per cent hike 17-02-2014 06:02 PM

    New Delhi: The education sector has got about nine per cent hike in the Interim Budget presented on Monday by Finance Minister P Chidambaram, who also proposed a moratorium on repayment of education loans, benefiting nine lakh students. The minister proposed a plan outlay of Rs 67,398 crore for the...
  • Role of banks in disbursement of loans 'objectionable', says Nitish Kumar 17-02-2014 05:32 PM

    Describing role of banks in disbursement of loans in Bihar as "objectionable", Chief Minister Nitish Kumar on Monday said that the Cash deposit (CD) ratio in the state was still very low and said the state government would strongly take up the matter with the Centre. On suggestion of the...
  • Asian Development Bank to give $200 million loan for infra building in calamity hit areas 05-02-2014 11:15 PM

    The Asian Development Bank on Wednesday signed a USD 200 million loan agreement with India to helprehabilitate people who were affected by floods and landslides in Uttarakhand last June. "The loan will help in the economic and social recovery of Uttarakhand by rebuilding roads and bridges, tourism infrastructure, and urban...
  • Tripura: Manik Sarkar urges banks to increase loan sanctions for poors 16-01-2014 03:28 PM

    Requesting to sanction more loans to the poor, Tripura Chief Minister Manik Sarkar on Thursday requested United Bank of India (UBI) authorities to increase its credit deposit ratio from 39 per cent to 50 per cent in this financial year itself. Sarkar said this while inaugurating ten new branches of...
  • SBI slashes home loan rates by up to 0.4 per cent 19-12-2013 05:55 PM

    Country's largest bank SBI on Thursday cut home loan rates by up to 0.4 per cent for new borrowers, a day after RBI kept its key policy rates on hold. Women borrowers would get an additional 0.05 per cent concession on card rates. SBI home loans will now be available...
  • Bihar government approves loan at 4 per cent interest to women self-help groups 18-12-2013 08:11 AM

    In a decision aimed at empowering women, the state government on Wednesday approved a proposal providing loans at four per cent rate of interest to Self-Help Groups (SHGs) in Bihar, an official said. The decision in this regard was taken at a cabinet meeting presided over by Chief Minister Nitish...
  • Loan recovery case: HC provides temporary relief to Rajpal Yadav 10-12-2013 03:07 PM

    Bollywood actor Rajpal Yadav on Tuesday got temporary relief from the Delhi High Court which suspended his sentence following his appeal against its single judge's order sending him to 10 days in jail for misleading the court in a recovery suit filed against him and his wife by a businessman....
  • Another sugarcane farmer commits suicide, Opposition blames government 05-12-2013 03:25 PM

    A sugarcane farmer of Pakaria village in Lakhimpur Kheri has allegedly committed suicide, officials said on Thursday. Chhotey Lal (50) hanged himself in the village under Neemgaon police station area on Tuesday night, they said. While his brother Chiraunji stated family dispute as the cause behind Lal's suicide, Opposition parties...
  • Actor Rajpal Yadav sent to 10-day judicial custody in Rs 5 crore loan recovery case 03-12-2013 01:24 PM

    The Delhi High Court on Tuesday remanded Bollywood actor Rajpal Yadav to 10 days judicial custody for concealing facts about a Rs 5 crore recovery suit filed against him and his wife by a Delhi-based entrepreneur. Justice S Murlidhar also asked Yadav's wife to remain present in the Registrar General's...
  • HC seeks reply from Centre, UP over farmers' suicide in Bundelkhand 30-11-2013 08:23 AM

    The Allahabad High Court has asked the Centre and the Uttar Pradesh government to file affidavits "indicating the extent to which benefits have been distributed" under various schemes to "alleviate the distress of farmers" in the impoverished Bundelkhand region. Hearing a PIL on farmers' suicide in Bundelkhand, a Division Bench...
  • Home, auto loans get costlier as SBI raises lending rates by 0.20 per cent 06-11-2013 01:25 PM

    Home, auto and consumer loans are expected to become costlier with the country's largest lender State Bank of India (SBI) raising its lending rates by 0.20 per cent with effect from Thursday. The bank has revised the base rate or the minimum lending rate to 10 per cent from 9.80...
  • JPMorgan's $5 billion settlement doesn't end its troubles 26-10-2013 09:57 AM

    Washington: The $5.1 billion that JPMorgan Chase has agreed to pay hardly ends its legal troubles over mortgage securities it sold. It's merely a down payment. JPMorgan still faces heavy financial burdens. The bank has set aside $23 billion to cover legal costs - and it may need it all....
  • P Chidambaram to meet bank chiefs on Tuesday 21-10-2013 06:27 PM

    Finance Minister P Chidambaram will meet chairmen and managing directors of public sector banks on Tuesday to review their performance, especially the situation of non-performing assets and credit growth. The meeting will take place at the State Bank of India (SBI) main branch office in the national capital. Chiefs of...
  • Allow loans on credit cards but tell customers how much EMI to pay: RBI to banks 10-10-2013 08:50 AM

    The Reserve Bank on Wednesday said it did not have any problem with banks offering loans to credit cardholders while purchasing goods or services but there needs to be transparency with the process. "There is no ban on giving loans on credit cards. Don't charge 12 per cent actually and...
  • SBI slashes interest rates on car, consumer goods loans 09-10-2013 01:54 PM

    State Bank of India (SBI) on Wednesday reduced interest rates on loans for car and consumer durables and also decided to lower processing charges to cash in on the festival season demand. SBI is the fourth bank after PNB, OBC and IDBI Bank to offer special interest rates for loans...
  • KPCC chief defends his comments, says loans to minorities will be a boost 07-10-2013 12:43 PM

    Bangalore: Karnataka Pradesh Congress Committee (KPCC) President G Parameshwara on Monday defended his statement on repayment of loans by the minority community. He said he was only trying to extend help to the community and that he didn't mean that anyone should be allowed to flout the law. "I had...
  • It's alright for minorities to cheat by not repaying loans: Parameshwara 06-10-2013 11:24 PM

    In the race to appease the minorities ahead of the 2014 Lok Sabha election, KPCC President G Parameshwara has suggested it was alright for them to cheat by not repaying the loans taken from government agencies. Calling it a part of the development process, Parameshwara recommended that sanctioning of huge...
  • Retail loans for festive season to be announced soon: Rajan 05-10-2013 08:55 AM

    Raipur: Reserve Bank of India (RBI) governor, Raghuram Rajan, said the government was in talks with the bank to decide the contours of a package for retail investors for the festive season, which would be announced soon. Rajan was speaking in Raipur after the RBI's board meeting on Friday. Indian...
  • Not to reduce interest on consumer durable loans: HDFC Bank 04-10-2013 08:08 PM

    Chomu: HDFC Bank on Friday said it will not reduce interest rates for consumer durable loans ahead of the festive season, although state-owned lenders might do so on a call by the Finance Ministry to boost demand. "No, we will not be reducing the interest rates (on consumer durable loans)....
  • Banks to offer cheaper loans to stimulate consumer demand: Govt 03-10-2013 04:47 PM

    New Delhi: Indian banks will get additional capital to provide loans at lower interest rates for purchases of two-wheelers and other consumer durables, the finance ministry said in a statement on Wednesday. The move is aimed at stimulating demand in Asia's third-largest economy that is struggling to recover from the...
  • Mamta warns of protests if govt's fails to restructure loan repayment schedule 30-09-2013 05:43 PM

    Kolkata:West Bengal Chief Minister Mamata Banerjee on Monday threatened to stage a demonstration in Delhi if the centre did not re-structure the state government's loan repayment schedule. Making a "last appeal" to the central government to "stop deducting all the money" and "re-structure the repayment of loans", the chief minister...
  • RBI bans zero per cent interest rate scheme for purchase of consumer goods 25-09-2013 05:32 PM

    The RBI on Wednesday banned zero per cent interest rate scheme for purchase of consumer goods, a move intended to protect customers but may dampen the festive spirit. The central bank has also said that no additional charges can be levied on payment through debit cards. "In principle, banks should...
  • SBI increases its minimum rate of lending to 9.80 per cent, makes loans costlier 19-09-2013 11:39 AM

    The country's largest lender, State Bank of India, on Thursday said it increased its base rate, or the minimum rate of lending, to 9.80 per cent, a day ahead of the RBI's policy review. "State Bank of India has revised the base rate by 0.10 per cent from 9.70 per...
  • RBI, Finance Ministry to consider cheaper auto, home loans scheme 18-09-2013 05:02 PM

    With little headroom to cut interest rates, the Finance Ministry and the RBI are considering a plan to give cheaper funds to banks to lend to the auto and housing sectors as the festive season approaches. "The Finance Ministry is evaluating a scheme launched by the Bank of England wherein...
  • UPA’s governance is far sighted: Chidambaram 14-09-2013 08:46 PM

    Sivaganga:Mounting an apparent veiled attack on the governance plank of BJPs prime ministerial candidate Narendra Modi, Union Finance Minister P Chidambaram on Saturday said while the UPA was implementing far sighted projects others were sowing hatred and dividing the people. There are two types of governance. While we are peacefully...
  • Teachers get salary in bank account, can also avail loan facility 10-09-2013 03:37 PM

    With an aim to do away with delay in payment of salary and harassment of teachers in the hands of panchayat and district boards, the Bihar government, in yet another innovative step, has made the facility for payment to their bank account with additional facility of loan. All the four...
  • Link disbursal of home loans to stages of construction: RBI to banks 04-09-2013 08:07 AM

    The Reserve Bank on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of "innovative" housing financing schemes. "In view of the higher risks associated with such lump-sum disbursal of sanctioned housing loans and customer...
  • RBI tightens home loans norm, asks banks to link disbursal to construction 03-09-2013 07:51 PM

    Mumbai: The Reserve Bank of India on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of "innovative" housing financing schemes. "In view of the higher risks associated with such lump-sum disbursal of sanctioned housing...