In his first month as Indian Bank's CEO, Binod Kumar aims to reshape the lender's credit focus amid concerns over personal ...

The RBI's draft guidelines propose removing prepayment penalties on floating-rate loans for retail and MSME borrowers, ...

FM Sitharaman launches Mutual Credit Guarantee SchemeScheme provides 60% guarantee coverage by NCGTCIt’s for purchase of ...

Under the proposed norms, MSME borrowers will benefit from these provisions up to an aggregate sanctioned loan limit of ₹7.50 crore per borrower. This move is expected to support small businesses by ...

RBI’s draft norms state that loans granted for business purposes to individual borrowers will also be free of the existing ...

Lenders will also not charge foreclosure or prepayment penalties to individual borrowers for loans sanctioned for business ...

The National Council on Micro, Small, and Medium Enterprises (MSMEs) has constituted a high-level committee to interface with the Central ...

Indian banks are facing renewed pressure on their net interest margins (NIMs) as interest rates are expected to decline ...

MSME lender breached loan covenants on Rs 1,772 crore due to rising NPAs and losses, securing waivers for 38% of the debt ...

More than 25 beneficiaries of central schemes such as PM-Savnidhi Mudra, PM-Vishwakarma and PMEGP, received principal ...

The government’s state guarantee agency said it had signed an agreement with the Rizal Microbank, Inc., the thrift Bank of Rizal Commercial Banking Corporation, to ...

Ranchi successfully organized a home loan and vehicle loan expo at Children's Park, Kadru, Ranchi on Thursday in which loans worth Rs 106 crore were distributed among 152 customers.  The event was ...