Tag Archives: loans

Cheaper loans not possible without deposit rate cut: HDFC Bank CEO Aditya Puri

In the last quarter, many banks had increased deposit rates fearing that there will be a liquidity crunch in the system, due to which their MCLR has also become higher. File Photo New Delhi: The Reserve Bank of India slashed repo rate, the rate at which the central bank lends money to banks, by 25 basis point earlier this month ... Read More »

Cracking the Code on Commercial Real Estate Loans

Financing is a big part of getting the right commercial location secured to start a small business. Here’s a few important boxes to check on where to find commercial real estate loans and how to get approved for one. Like the name implies, commercial real estate loans are a mortgage loan that applies to a commercial as opposed to a residential property. ... Read More »

ICICI Bank used term loans, LCs to help borrowers avoid loan defaults: Report

Moneycontrol News  ICICI Bank Ltd  issued hundreds of letters of credit (LCs) to debt-ridden borrowers to help them avoid loan default, a whistleblower complaint claims according to a Mint report. Loan evergreening, or the practice of extending loans to companies to help repay previous loans, is fairly common in India. This allows the companies more time to repay the bad loans. Regulators disapprove of ... Read More »

No need for a bad bank! Stop giving loans to the wrong people

The idea of creating a ‘bad bank’ is back on the table, but it’s a bad idea under the circumstances. Not because it won’t work. Bad banks have worked in several countries around the world, including South Korea and the US. But it’s a little different in India. Far from a bad bank, India currently needs a solution to bad ... Read More »

Aye Finance claims to have disbursed 60,000 loans to MSMEs

Aye services over 50 industry clusters in India through its 73 branches, including sports goods manufacturing, hosiery, gota work, marble inlay work, amongst others BENGALURU: Gurgaon based digital lending startup Aye Finance claims to have disbursed 60,000 loans since its inception in 2014 to micro small and medium enterprises giving out a total of Rs 700 crore. “On April 2014, the company gave its ... Read More »

Yes Bank raises $400 million loans from Japan, Taiwan

Midsize private sector lender Yes Bank has raised $400 million in syndicated loans from lenders in Taiwan and Japan for on-lending to clients. It exercised a greenshoe option to raise $250 million in a five year commercial loan from 17 Taiwanese banks, a statement said. In Japan, it raised JPY 16.5 billion or $150 million from eight lenders in a ... Read More »

Will cheap car loans steer Britain to a financial crash?

 The Vauxhall Astra is a favourite among customers of The Car Finance Company. Photograph: Simon Stuart-Miller If you think Britain is teetering on a cliff-edge of impossibly high personal debt, then the website of The Car Finance Company will confirm your worst fears. Maybe you don’t have a job and are on benefits. Maybe you are so hard up you can’t afford ... Read More »

Axis Bank Launches Super Bike Loans; To Fund 95% Of Costs

Mumbai: As the higher engine displacement ‘super bikes’ catch fancy of the Indian consumer, Axis Bank on Wednesday introduced a special loan product, offering to fund up to 95 per cent of the costs. The loans, which are for motorcycles with an engine displacement of over 500 cubic centimetres (cc), will come at a price tag of 10-11 per cent ... Read More »

RBS Irish unit sells problem loans with $2.8 billion face value

The Irish unit of Royal Bank of Scotland has sold non-performing loans with a face value of 2.5 billion euro (2.25 billion pounds) to private equity firm Cerberus, the bank said on Monday. The Project Oyster loan portfolio, a mixture of loans in the Republic of Ireland and Northern Ireland, is 71 percent business loans, 19 percent buy-to-let and 10 ... Read More »

Know How To Tackle Your Credit Card Loans Incurred For Your Home

Owning a home is the dream of every individual and is an essential part of the financial planning of most people like you. Making the savings from an early stage of your career helps in gathering the resources that will enable to comfortable own a place that you have always wanted. After all, when you pay the rent each month ... Read More »