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  • RBI moves to restrict bank exposure to corporate loans 7 hours 1 minutes ago

    Mumbai: The Reserve Bank of India (RBI) has proposed to lower the ceiling on how much a bank can lend to a single corporate group, in a move to curb risks in the banking sector at a time when bad loans are on the rise. Under the proposal, banks would only...
  • Banks issue notices to Nagarjuna's studio to recover loans 4 days ago

    Hyderabad: Two public sector banks have issued notices to leading Telugu actor Akkineni Nagarjuna's film studio to recover loans amounting to Rs.62 crore. The actor is hopeful of resolving the issue in a few days. Nagarjuna has denied reports that Andhra Bank and Indian Bank have seized the 7 Acre Studio...
  • Nine Indian Americans among Sloan research fellowship winners March 19, 2015

    Washington: Nine Indian-Americans are among 126 young US and Canadian scholars awarded $50,000 Sloan Research Fellowships honouring outstanding early-career scientists in eight fields to further their research. Instituted in 1955 by the Alfred P. Sloan Foundation, these honour scholars whose achievements and potential identify them as rising stars, the next generation...
  • RBI eases norms for home loans for up to Rs 10 lakh March 6, 2015

    New Delhi: Giving a boost to affordable housing, the RBI on Thursday eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit. These charges form around 15 per cent of the cost of...
  • RBI cuts repo rate by 25 basis points to 7.5%, home loans may be cheaper March 4, 2015

    Mumbai: In a surprise move, the Reserve Bank of India on Wednesday cut repo rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect. This is the second rate cut in the past two months. The cut in repo rate is likely to make home...
  • Union Budget 2015: Government may hike home loan rebate to Rs 3.5 lakh February 24, 2015

    Mumbai: The upcoming Budget could bring some major relief for home buyers. Given the government's big promises of providing housing for all by 2022, sources say Budget 2015 could see a hike in the rebate offered on home loans, reports CNBC-TV18's Nayantara Rai. According to sources, the government may hike...
  • India @ 9 with Zakka Jacob February 24, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • Jaipur resident demands student loans be made available at better rates February 19, 2015

    Wasim, a private student of class 12 and who also works at an ice cream parlor in Jaipur, wants student loans to be made available at better interest rates so that he can do his MBA from a good institute and set up his own business. He is also hoping...
  • SC allows Sahara group's proposed loan transaction from abroad for raising funds January 9, 2015

    New Delhi: In a relief for Subrata Roy, the Supreme Court on Friday allowed the Sahara Group to go ahead with its proposed loan transaction from abroad for raising funds to ensure release of Subrata Roy from jail. As per court's directions Sahara Group will have to seek permission from Reserve...
  • 'Kochadiyaan' producers assure bank to repay loan dues December 30, 2014

    Chennai: The Rs 20 crore loan taken from EXIM bank in connection with the production of Rajinikanth-starrer 'Kochadiyaan' will be paid by March next after notice was issued for its recovery and the actor's wife, who was the guarantor, will not be burdened, the film's producers said today. This was stated...
  • RBI eases rules for low-cost home loans November 27, 2014

    Mumbai: The Reserve Bank of India (RBI) has eased norms to fund low-cost housing by permitting banks to extend loans against long-term infrastructure bonds. The RBI however barred lenders from providing loans against long-term infrastructure bonds issued by other banks. "Further, such loans should be subject to a ceiling, say, 10 lakh...
  • Ready to be more flexible in loan recast to spur growth: RBI November 25, 2014

    Anand: The RBI is ready to give banks more flexibility in restructuring of stressed loans if it facilitates recovery of stalled projects, Governor Raghuram Rajan on Tuesday said. "The RBI is exploring ways to allow banks more flexibility in (loan) restructuring. This is a risk we are prepared to take...
  • Reliance Jio signs $1.5 billion sydicated term loan facilities November 17, 2014

    Mumbai: Reliance Jio Infocomm Limited (RJIL) has signed syndicated term loan facilities aggregating to $1.5 billion. The facility is guaranteed by Reliance Industries Limited (RIL) and will be used to refinance the syndicated term loan facilities. The facility was fully underwritten by an initial group of 15 core relationship banks that...
  • RBI talking to government about more gold import curbs November 17, 2014

    New Delhi: The Reserve Bank of India (RBI) is in talks with the government to increase curbs on gold imports, Deputy Governor SS Mundra said on Monday, reflecting policymakers concerns that a jump in inbound shipments will worsen the country's trade deficit. Mundra's comments come on the same day that trade...
  • RBI against loan waiver scheme by state governments November 13, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan expressed reservation over the loan waiver scheme by various state governments and also suggested reasonable interest rate ceiling on loans from microfinance lenders. "Repeated loan waivers by various state governments distorts credit pricing, thereby also disrupting the credit market," he said at a function...
  • Andhra Pradesh government seeking funds to implement mega loan waiver September 17, 2014

    Hyderabad: Desperate to keep its prepoll promise of loan waiver to farmers, the Andhra Pradesh government is seeking funds from different quarters to go ahead with the financially debilitating scheme. "The Andhra Pradesh Government open for funds for rythu runamaafi (farmers' loan waiver)," an official statement said on Wednesday. As a...
  • 100 pc subsidising of loans of miningdependent not possible: Goa CM September 10, 2014

    Panaji: The Goa government has said that it would not take over the loans taken by those who are dependent on the mining industry, despite demands from some quarters. "We have offered a scheme whereby 35 per cent of the onetime loan settlement amount is paid to the borrower. Some...
  • RBI allows ECB lenders to extend loans in rupees September 3, 2014

    Mumbai: Relaxing norms for external borrowings, the RBI today allowed ECB lenders can now extend loans in Indian Rupees to domestic businesses. "With a view to providing greater flexibility for structuring of external commercial borrowings (ECB) arrangements, it has been decided that recognised nonresident ECB lenders may extend loans in...
  • Budget session of Andhra Pradesh Assembly begins on Monday August 17, 2014

    Hyderabad: Presentation of Budget, Telugu Desam Party government's white papers on different sectors, its proposed 'vision documents' for development and poll promises like farm loan waiver would be part of the agenda of Andhra Pradesh Assembly's Budget session which begins on Monday. This would be the first Budget session of the...
  • CBI probes Rs 900 crore loan given to Kingfisher Airlines by IDBI bank August 10, 2014

    New Delhi: The Central Bureau of Investigation on Sunday begun a probe into Rs 900 crore loan given by the IDBI Bank to the now defunct Kingfisher Airlines. The loan was given in 2009 despite an internal bank report that the aviation company was in the red. The report was...
  • National Herald case: HC stays lower court's summons to Gandhis till August 13 August 6, 2014

    New Delhi: The Delhi High Court has stayed a lower court's summons to Rahul Gandhi and Sonia Gandhi in the National Herald case till August 13. The Congress leaders were summoned in relation to the alleged misappropriation of assets worth Rs 2000 crore of the National Herald newspaper. Senior Congress leader...
  • Tata Power Solar partners Bajaj Finance for selling products July 17, 2014

    New Delhi: Tata Power Solar has partnered with Bajaj Finance to provide interestfree loan options for solar products of about Rs 2.5 lakh to consumers. "This national financing tieup will help make solar much more attractive and an affordable alternative to conventional power sources," Tata Power Solar said in a statement. The...
  • Farm loan rescheduling in AP, Telangana yet to get RBI nod July 14, 2014

    Hyderabad: The Reserve Bank of India is yet to give its approval for the proposed rescheduling of farm loans in Andhra Pradesh and Telangana, its Deputy Governor R Gandhi said on Monday. Contrary to claims made by the Andhra Pradesh government that RBI had agreed to the farm loan rescheduling, Gandhi...
  • Budget 2014: Tax exemption limit raised to Rs 2.5 lakh from Rs 2 lakh July 10, 2014

    New Delhi: In a minor relief to the individual tax payers, the Narendra Modi government in its maiden Union Budget raised the income tax exemption slab from Rs 2 lakh to Rs 2.5 lakh. "I propose not to make any changes in the tax rate. However, with the view to provide...
  • Budget 2014 should help NBFC sector serve Indians better: Muthoot Finance July 3, 2014

    Muthoot Finance is the largest gold financing company in India in terms of loan portfolio, according to the 2010 update to the IMaCS Research & Analytics Industry Reports, Gold Loans Market in India, 2009. With the Narendra Modi government ready to present its first Union Budget on July 10, 2014,...
  • UP has loan of Rs 2.36 lakh crore from Centre, financial institutions July 1, 2014

    The Uttar Pradesh government said it has a loan of Rs 2.36 lakh crore from the Centre as well as various financial institutions. "The state has loan of Rs 2,36,795.29 crore from the Centre and other financial institutions," Forest Minister Fareed Mahfood Kidwai, speaking on behalf of Chief Minister Akhilesh Yadav...
  • Axe the tax: Home buyers seek exemption on loans July 1, 2014

    Kolkata: With a boom in the real estate sector, property prices have shot up dramatically in the recent years. 54yearold Sandeep Chatterjee who invested not just his life savings but also took a home loan at a hefty interest rate to build a dream home for his family of five,...
  • Justin Rose triumphs in playoff to win his sixth PGA Tour title June 30, 2014

    Justin Rose emerged last man standing to win the $6.5 million Quicken Loans National at the first extra hole in a playoff at Congressional Country Club in Maryland on Sunday. Britain's Rose sank a 15foot bogey putt at the final regulation hole before parring it a few minutes later to edge...
  • Tiger Woods misses the cut at Congressional June 28, 2014

    Tiger Woods got the competition he wanted, even if it was only for two days. In his first tournament in more than three months because of back surgery, Woods made backtoback birdies around the turn at Congressional and was one shot off the cut line when it all fell apart...
  • If I were FM: Expectations of people from the upcoming 2014 budget June 23, 2014

    CNNIBN reporter talks to people in Bangalore regarding their expectations from the 2014 budget. A student tells us how a reduction in the taxes is the need of the hour."So much of our income goes into paying education loans that the rebate for such a loan is still not good...