Loan Pricing

The corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage. The ministry, which is implementing the companies law, is mainly looking at whether frauds have been committed at these companies and some of the cases are being probed by the Serious Fraud Investigation Office (SFIO), the official said. Further, the official said that the ministry receives complaints from the Reserve Bank of India (RBI) and the ...

The exercise involved calculating the total amount to be repaid after a year if one is given the loan amount and the interest applicable

Select companies that offer easier terms for repayment of the loan

MSMEs showing signs of stress, says A Manimekhalai, managing director and chief executive, Union Bank of India

The International Monetary Fund has called on Pakistan to come talk and renegotiate the loan programme, if it intends to get the requested three weeks extension to implement prior committed actions.

While benchmark rate can change any time, spread changes only in rare instances

Move will help consumers compare loans fairly

Constantly trying to better your credit score is the only way to get better borrowing capacity