Loans

SBI seeks counter bids to sell Rs 52k cr of consortium's loans in JAL

NARCL's anchor bid has triggered a Swiss challenge auction

JK Tyre to get 30 million euros long term loan from German entity

The company will invest the funds in a sustainable expansion of production capacities at its Madhya Pradesh-based passenger car radial tyre facility, the tyre maker said in a statement

Mahindra Susten's clean-tech arm secures Rs 1,448 crore term loan

Mahindra Group firm Mahindra Susten on Wednesday said its wholly-owned subsidiary Martial Solren has secured a term loan of Rs 1,448 crore. The financing will support solar PV power projects being developed under long-term Power Purchase Agreements (PPAs) with key off-takers. Martial Solren, a 100 per cent wholly-owned subsidiary of Mahindra Susten Private Ltd, the clean-tech arm of the Mahindra Group, has successfully secured a rupee term loan of Rs 1,448 crore, a company statement said. The financing documents have been formally executed with HDFC Bank and Axis Bank to support its ambitious 560 MWp solar power projects in Gujarat and Rajasthan, the statement added. Deepak Thakur, Managing Director & CEO of Mahindra Susten, said securing the financial closure for our 560MWp Solar Projects in Gujarat and Rajasthan is an important step for Mahindra Susten. Once completed, the plant is expected to generate approximately 9 lakh MWh of solar energy annually. This output will offset .

Asset quality pressures intensifying in India, emerging markets: Fitch

Lower interest rates, robust economic conditions to bolster near-term asset quality

Kuwait's Gulf Bank files cases against Kerala nurses for loan defaults

Ten cases registered so far as Gulf Bank alleges large-scale loan default by Kerala expats

Over 70% MSMEs use biz loans for immediate financial needs: Study

There is higher demand for working capital expenses, emphasising the liquidity challenges and short-term cash flow gaps faced by businesses in managing their day-to-day operations

PNB Housing Finance to start LAP vertical from April 2025: MD & CEO

LAP will be a part of the retail business, which includes the prime, affordable, and the emerging housing segments

PNB HF aims to close FY25 with loan book of Rs 5k cr in affordable segment

With focus on the affordable segment, PNB Housing Finance aims to expand its loan book size to Rs 5,000 crore by the end of the current financial year. The mortgage lender closed the loan book under the affordable segment called 'Roshini' at Rs 3,000 crore at the end of the second quarter of FY'25. "We hope to expand our loan look under the affordable housing segment to Rs 5,000 crore by this year-end to touch Rs 15,000 crore by March 2027," PNB Housing Finance MD and CEO Girish Kousgi told reporters here. The loan growth will be helped by implementation of Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY 2) and branch expansion. He also said the housing finance company plans to set up a new vertical for 'Loan Against Property' beginning next financial year. To fund loan growth of 17 per cent, he said, the housing finance company plans to raise USD 100-125 million through External Commercial Borrowings (ECBs) this fiscal. The board has already given approval for raising USD 125 million

BlackRock to buy HPS Investment for $12 bn in major private credit push

Private credit has grown rapidly in recent years as stricter regulations made it more expensive for traditional lenders to finance riskier loans

FM distributes Rs 1,388 cr in loans at Darbhanga credit outreach programme

Union Finance Minister distributed five copies of the Constitution each in Maithili and Sanskrit to distinguished citizens

Loan book of Axis Bank's GIFT City unit doubles to $4 billion in 5 years

Private lender Axis Bank on Wednesday said the asset book of its IFSC Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar has doubled to USD 4 billion from USD 2 billion in 2019. The bank unveiled a spacious IBU office at GIFT City here that spans nearly 8,000 square feet and is nearly three times bigger than the previous facility located here. "In terms of size, today our asset book here is a little over USD 4 billion, which is among the largest in GIFT City. Similarly, on the liability side, we have a USD 1 billion deposit, which once again makes us among the highest in terms of deposits as well...from USD 2 billion in 2019, we have doubled our asset book," its Deputy Managing Director Rajiv Anand told mediapersons. "The office is an expression of our ambition aligned with the ambition for GIFT City to serve our customers. We continue to show very solid growth on multiple fronts," said Axis Bank's President and Head of Wholesale Banking Products

Indian banks write off Rs 1.7 trillion in loans in FY24, shows govt data

Loan write-offs by banks in FY24 are the lowest in the last five years

Statsguru: Can pricier loans tame food prices in India? Debate heats up

Agricultural output and food prices in India were significantly affected in 2022-23 and 2023-24, mainly due to unpredictable monsoons and the effects of climate change

Funding medical emergencies: Use credit cards and loans wisely, build fund

In India, out-of-pocket medical expenses are high. Many patients don't have a medical cover, while others have an inadequate amount

Statsguru: Mudra Yojana's Shishu loan accounts see a decline since FY19

Even its share in the total Mudra accounts fell from 86.03 per cent in FY19 to 62.33 per cent in FY24

Rising delinquencies, aggressive lending put retail credit at risk

The stress in parts of retail lending is leading to business opportunities for those associated with the ecosystem

Year-end holidays: Avoid expensive loans, plan a budget-friendly trip

Read through terms and conditions of loans carefully, paying attention to default clauses, penalty charges, and any hidden fees.

PM-Vidyalaxmi scheme for higher education: What it is & how to apply

For a loan of up to Rs 7.5 lakh, a student will be eligible for a credit guarantee of 75% of outstanding default

IFC to partner with Bajaj Finance to pump in $400 mn for climate finance

IFC's $400 million loan will enable Bajaj Finance to expand access to finance for customers opting to buy EVs, including 2-wheelers, 3-wheelers and 4-wheelers

JC Flowers seeks bids to sell Rs 2,613 crore of loans through Swiss auction

The anchor bid for the loan portfolio, which comprises 15,096 accounts, translates into a recovery of 9.08 per cent on the outstanding portfolio