Tag Archives: pact

Banks working on legal pact for ‘good’ loans

MUMBAI: Banks, led by state-run lenders, are working on a legal agreement for “good” loans, a senior banker in know of the development said, much like the inter creditor agreement they already have in place for dealing with bad loans by large borrowers. Most banks have made changes to their credit processes after bad debts piled up, with many either cutting down ... Read More »

Cholamandalam Investment and Finance inks pact with Mavin

Following the tie-up, Chola would reward users for using the mobile application in making EMI payments, updating KYC documents among others, a company statement said. (Reuters) Cholamandalam Investment and Finance Company, the financial services division of Murugappa group, has partnered with US-based Mavin as part of its plan to tap rural areas through digital technology. Following the tie-up, Chola would ... Read More »

Reliance Jio, BSNL in intra-circle roaming pact for 2G, 4G

Reliance Jio and state-run telecom operator BSNL have signed intra-circle roaming agreement for 2G and 4G services. After the finalisation of the agreement, BSNL customers would be able to use Reliance Jio’s 4G services in roaming while the latter’s subscribers could use the state-run firm’s 2G network for making voice calls. “We are focused on creating value for our customers ... Read More »

Egypt, Saudi Arabia sign 60 billion Saudi riyal investment fund pact

Egypt and Saudi Arabia signed an agreement late on Saturday to set up a 60 billion Saudi riyal investment fund among other investment agreements including an economic free-zone to develop Egypt’s Sinai region, Egyptian state television reported. The signing of the agreements took place in Egypt’s Abdeen palace in the presence of Egypt’s President Abdel Fattah al-Sisi and Saudi’s King ... Read More »