Tag Archives: credit

MUMBAI : The Reserve Bank of India will not extend the moratorium on loan repayments after it ends on August 31, people familiar with the matter said. While an extension was actively being considered, the RBI chose not to do so because it was concerned about changes in credit behavior …

[ad_1] Lenders say there aren’t many stakeholders even for the covid-19 lines of credit that the government wants banks to push aggressively, two bankers said on condition of anonymity. Any demand that exists comes primarily from small businesses that have difficulty paying staff salaries and covering fixed costs. “It is …

[ad_1] NEW DELHI: Former India cricketer Gautam Gambhir believes that credit for Rohit Sharma’s meteoric rise in white ball cricket should go to former captain Mahendra Singh Dhoni. Since its debut in 2007, Rohit languished in the middle order, with consistency being its main problem. Dhoni apparently took note of …

[ad_1] NEW DELHI: Prime Minister Narendra Modi on Saturday discussed possible interventions in the financial sector, along with ways to support small businesses, farmers and enhance liquidity and provide higher credit. During the discussions with Home Minister Amit Shah, Finance Minister Nirmala Sitharaman and her team of officers, Modi also …

[ad_1] The Indian government is likely to limit its total spending on coronavirus-related relief to around Rs 4.5 trillion ($ 60 billion), due to concerns that overspending could trigger a downgrade of the sovereign rating, two said senior government officials. “We have to be cautious as the downgrades have started …

[ad_1] New Delhi: The Governor of the Reserve Bank of India, Shaktikanta Das, held a meeting on Saturday with the heads of the banks and reviewed the economic situation and the implementation of various measures announced by him to reduce stress in the financial system amid the COVID-19 crisis. The …

[ad_1] NEW DELHI: Many people have lost jobs or seen their wages cut or delayed due to the greedy 19 pandemic, making it difficult for them to meet financial obligations, including rent on housing. Many of them are now looking for credit options to cover such expenses. In this context, …

[ad_1] New Delhi / Mumbai: Government of India has put forward a proposal to guarantee loans to small businesses by financial institutions as it seeks to boost business when the coronavirus blockade begins to ease, a government source and two said bank officials. “Up to 100% of the loans granted …

[ad_1] Mumbai: Franklin Templeton Mutual Fund said on Thursday it has voluntarily decided to wind up its suite of six yield-oriented, managed credit funds, effective April 23, citing the severe market dislocation and illiquidity caused by the Covid-19 pandemic. These six funds are: Franklin India Low Duration Fund, Franklin India …