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Business

Google to offer loans to merchants in India

Without providing any further details, Google said in a statement that it is bringing the ability to offer loans through the Google Pay for Business app

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Economy

Loan moratorium extended: Here’s how to avail the facility

ICICI Bank said loans availed from 1 March, 2020 to 31 May, 2020 are not eligible for the moratorium, since they have been availed

Categories
Business

SBI gives COVID relief to customers: No EMI for 3 months

‘Responding to RBI’s extraordinary monetary policy measures to support the wider economy, SBI passes on the entire 75 bps repo rate cut to its borrowers’

Categories
Business

Cancel home loan, get EMI refunded for late possession: SBI

The SBI chairman said after a lot of change, demonetisation of RERA & GST, the bank realised this was the way to give homebuyers a timely home

Categories
Business

SBI-KfW agreement for energy-efficient housing scheme

Under the SBI-KfW programme, builders and homebuyers will be financed for energy-efficient housing projects that achieve 25% energy savings

Categories
Economy

Credit to NBFC up, no actual dip in loans for consumer durables: SBI

Most loans hitherto going into consumer durables may have moved to other personal loans: Assessment by SBI’s Economic Research Department

Categories
Economy

Loans for home, car, other retail commodities to be cheaper

Banks have again decided to launch repo rate or external benchmarking linked loan products: Finance Minister Nirmala Sitharaman

Categories
India

Modi blames UPA govt for bad loan mess, every penny will be recovered

New Delhi: Prime Minister Narendra Modi on Saturday blamed ‘phone-a-loan’ scam of the previous UPA government for the bad loans in the banking sector and said every penny given at the behest of ‘namdars’ (dynasts) will be recovered. Speaking at a function to launch the payments bank of the postal department, he said a majority of […]

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कर्जमाफी और राहत पैकेज से नहीं, ईमानदारी से बनेगी बात

किसानों का सच्चा हितैषी कौन है, यह सवाल हर आम और खास की जुबान पर है। कांग्रेस अध्यक्ष राहुल गांधी ने दावा किया है कि अगर मध्यप्रदेश में उनकी सरकार बनी तो दस दिन के अंदर ही किसानों का सारा कर्ज माफ कर देंगे। किसानों या बैंक से कर्ज लेने वाले किसी भी व्यक्ति का […]

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Article Views

Law-Crazy Governance Affecting Economy

There is a saying in India that “taking a loan of Rs 500,000 is more difficult than taking one of Rs 500 crore”. We have many sick companies but no sick promoters! this does not, however, mean the business class is a monolith. An economy where there is no default is an economy where promoters […]