SBI seeks largest dollar-denominated loan of 2024 worth USD 1.25 bn: Report
The loan is being raised for general corporate purposes through its branch at the Gujarat International Finance Tec-City, the report said.
The loan is being raised for general corporate purposes through its branch at the Gujarat International Finance Tec-City, the report said.
LIC Housing Finance Ltd on Monday reported 12 per cent increase in net profit at Rs 1,329 crore in Q2 FY25, from Rs 1,188 crore in the same period last year.
While highlighting that the reliance on personal funds for business operations increases with age, the survey said among self-employed women, 52% of those over 45 years old use their own savings, compared to only 36% of those aged 25-35 years.
Fintech NBFCs doubled their share in six years, accounting for 65% of the loan sanction volume and 11% of the loan sanction value in the overall personal loan market in FY23-24.
Fintech services major Paytm on Thursday refuted media reports claiming about invoking loan guarantees due to repayment defaults by the company's lending partners.
IWT India operated as a shell company to divert the money. Its proprietor Saifi used to get a small commission for it. It was further ascertained that several crores of rupees have been transacted through the account of IWT India. The account holder Mohd Javed Saifi could not explain this huge transaction, it stated.
The 6.70 per cent home loan offer is also applicable to balance transfer cases, he said.
Centre told the Supreme Court that considerations are taking place at the highest level with the banks and other stakeholders for relief.
"Quick implementation of a sustained resolution plan by lenders for revival of every viable business," reads the statement issued by the finance ministry.
Elaborating on the extendable moratorium, the ministry said this extended moratorium becomes part of an individualised solution for a borrower and is made available along with other interventions.
