Reacting to the Reserve Bank of India’s (RBI) 25 bps repo rate cut last week, the State Bank of India (SBI) announced a 5 basis points (bps) cut in its marginal cost-based lending rate (MCLR) across all tenors. This will come into effect from April 10, 2019. According to PTI, the revised one-year marginalRead More →

ICICI Bank, India’s second-largest private sector bank, has recently introduced the facility of instant and paperless home loan. ICICI Bank home loan: Avail paperless and instant loan approval of up to Rs 1 crore, check details  |  Photo Credit: Representative Image New Delhi: ICICI Bank, India’s second-largest private sector bank, has recentlyRead More →

New Delhi: State-run power giant NTPC said Friday it has inked a term-loan agreement with Canara Bank to raise ₹2,000 crore, which would be used to part finance its capital expenditure. “A term loan agreement for ₹2,000 crore was signed with Canara Bank on April 5, 2019. The loan facility is extendedRead More →

Cash-strapped Pakistan will receive over 2 billion US Dollars loan from China by Monday to provide a boost to its ailing economy. Pakistan’s Finance Ministry has announced that all procedural formalities for the transfer of the  2.1 billion US Dollars loan being provided by the Chinese government have been completed,Read More →

Shares of Jet AirwaysNSE 1.71 % rose as much as 4.8 per cent to Rs 255, the highest in over a month after a report said the debt-laden carrier has secured a loan of Rs 2,050 crore ($293.07 million) from Punjab National BankNSE 2.45 %. The airline has raised foreign currency term loans worth Rs 1,100Read More →

(Representative image) AMBALA: Baldev Nagar police have booked four persons – Rakesh Kumar Agarwal, Rajesh Bhatia, Vishal Saini and Umesh Kumar for committing loan fraud to the tune of Rs 30 lakh in the name of two Ambala residents. Rakesh is a senior manager at the Baldev Nagar branch of CanaraRead More →