Loan

  • 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 interest-free loan options for solar products of about Rs 2.5 lakh to consumers. "This national financing tie-up 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. 54-year-old 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 play-off 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 15-foot 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 back-to-back 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

    CNN-IBN 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...
  • Crop loans worth Rs 1,000 crore disbursed in the state June 23, 2014

    Crop loans of over Rs 1,000 crore have been disbursed in Chhattisgarh during the ongoing kharif season so far. The Chhattisgarh State Cooperative Bank has set a target to disburse Rs 2,450 crore short-term crop loans through its primary agriculture cooperative committees to farmers this kharif season, an official statement said. Sums...
  • 'Rusty' Tiger Woods will return to competitive golf next week June 21, 2014

    Tiger Woods, out since late March after having back surgery, will return to competitive golf at next week's Quicken Loans National at Congressional Country Club in Bethesda, Maryland, the former world number one said on Friday. Woods said he expected to be rusty but was excited to be returning. "I've just started...
  • Telangana CM promises waiver of crop loans worth Rs 12,000 crore June 4, 2014

    Sangareddy: Telangana Chief Minister Kalvakuntla Chandrasekhar Rao (KCR) said here on Wednesday that crop loans worth Rs 12,000 crore and transport tax for auto rickshaws would be waived off, while the Gajwel Development Authority would be constituted shortly. Addressing a public meeting this evening at Gajwel town which is in the...
  • 10 financial steps you must take before you retire April 9, 2014

    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 March 5, 2014

    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 governor...
  • Education sector gets about 9 per cent hike February 18, 2014

    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 sector,...
  • Role of banks in disbursement of loans 'objectionable', says Nitish Kumar February 17, 2014

    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 chief...
  • Asian Development Bank to give $200 million loan for infra building in calamity hit areas February 5, 2014

    The Asian Development Bank on Wednesday signed a USD 200 million loan agreement with India to help rehabilitate 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 water...
  • Tripura: Manik Sarkar urges banks to increase loan sanctions for poors January 16, 2014

    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 the...
  • SBI slashes home loan rates by up to 0.4 per cent December 19, 2013

    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 under...
  • Bihar government approves loan at 4 per cent interest to women self-help groups December 18, 2013

    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 Kumar,...
  • Loan recovery case: HC provides temporary relief to Rajpal Yadav December 10, 2013

    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. 42-year-old...
  • Another sugarcane farmer commits suicide, Opposition blames government December 5, 2013

    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 alleged...
  • Actor Rajpal Yadav sent to 10-day judicial custody in Rs 5 crore loan recovery case December 3, 2013

    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 office...
  • HC seeks reply from Centre, UP over farmers' suicide in Bundelkhand November 30, 2013

    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 comprising...
  • Home, auto loans get costlier as SBI raises lending rates by 0.20 per cent November 6, 2013

    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 per...
  • JPMorgan's $5 billion settlement doesn't end its troubles October 26, 2013

    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. In a statement...
  • P Chidambaram to meet bank chiefs on Tuesday October 21, 2013

    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 financial institutions...