Browsing Tag
Loans
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Parenteral Drugs has been offered a deal by the NARCL to purchase its loans worth Rs 1,100 crore.
The acquisition of bad loans by NARCL is part of the government's efforts to tackle the problem of non-performing assets in the banking system, which have been a major drag on the economy.
It is probable that public sector banks will undertake a special initiative to recover loans that have been written off.
The initiative taken by public sector banks to recover written-off loans is a positive development that could help alleviate some of the financial pressures faced by these banks.
Home loan interest rates for amounts exceeding Rs 75 lakh are set to increase as the risk weight goes up once more.
The Reserve Bank of India (RBI) has recently increased the risk weight on home loan interest above Rs 75 lakh from 75% to 100%. This move is aimed at improving financial stability in the country by reducing the risk of a financial crisis.
At the end of March, HDFC Bank registered a loan growth of 17%.
Get the latest news on HDFC Bank, one of India's top financial services providers. Learn how they achieved loan growth of 17%, fueling their goal to become India's most trusted financial services provider.
The G-20 Sherpa of India, Amitabh Kant, has called for China to take a “haircut” on its loans to impoverished nations.
India's G-20 Sherpa, Amitabh Kant, has called on China to take a "haircut" on its loans to poor countries, stating that the country needs to be transparent about its debt and find a way to settle it. In a rare and direct reference to Chinese debt, Kant has urged China to openly declare its debt and support the economic recovery of developing nations.
