New Delhi, September 25 (IANS) The Finance Ministry is considering a proposal to allocate Rs 60,000 crore for making subsidised loans available to buyers of small homes in cities over the next five years, a sen
NEW DELHI, SEPTEMBER 7 (IANS): Banks have so far sanctioned loans amounting to Rs 1.61 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), the government said on Monday.
"As of
NEW DELHI, AUGUST 21 (IANS): As the Covid-19 crisis forces micro, small and medium-size enterprises (MSMEs) in India to stay afloat in the absence of incoming revenue and kick-start their business again, digita
NEW DELHI, JULY 8 (IANS): State Bank of India (SBI) on Wednesday announced reduction in its marginal cost of funds-based lending rates (MCLR) on loans by 5-10 basis points (bps) in the shorter tenors -- up to t
NEW DELHI, JULY 6 (IANS ): Canara Bank has reduced marginal cost of funds-based lending rate (MCLR) on loans and advances across all tenors with effect from July 7. The interest rate has come down by 10 basis p
NEW DELHI, JUNE 7 (IANS): Chennai-based public sector bank Indian Overseas Bank (IOB) on Sunday said that it has reduced its interest rate on loans linked to MCLR by 30 basis points (bps) in overnight tenor and
NEW DELHI, JUNE 2 (IANS): In a major restructuring exercise, the State Bank of India (SBI), the largest lender of the country, has created a separate FI&MM vertical within the Bank with an exclusive focus o