Loan

Loan Waiver for Farmers: Telangana Government’s Announcement Impacts Microfinance Companies in Stock Market

by
Loan Waiver for Farmers: Telangana Government's Announcement Impacts Microfinance Companies in Stock Market

Loan Waiver for Farmers: The Telangana government’s recent decision to waive loans of small farmers has sent shockwaves through the stock market, particularly affecting microfinance companies. On Monday, shares of nearly 10 companies plummeted significantly, directly linked to the government’s farmer-friendly policy announcement. The Government’s Decision Telangana’s state cabinet announced a loan waiver amounting to … Read more

Ujjivan Small Finance Bank Shares Drop Over 7.5% as Bank Cuts Loan Growth Forecast

by
Ujjivan Small Finance Bank Shares Drop Over 7.5% as Bank Cuts Loan Growth Forecast

Ujjivan Small Finance Bank: In today’s intraday trading session, Ujjivan Small Finance Bank witnessed a decline of 7.56% in its shares, dropping to a three-week low of ₹44.70 per share. This decline occurred as management revised the bank’s loan growth guidance downward by nearly 20% for the financial year 25, which is lower than the … Read more

Jharkhand: After that, the farmers of Telangana will also be relieved, loans of up to 2 lakh rupees will be waived

by
Jharkhand: After that, the farmers of Telangana will also be relieved, loans of up to 2 lakh rupees will be waived

Revanth Reddy said, “The cabinet has decided that the loan of 2 lakh rupees taken by the farmers of the state from 12 December 2018 to 9 December 2023 will be waived off for five years.” The Chief Minister said that the details of the loan waiver, including the eligibility conditions, will be announced soon … Read more

Understanding Personal Loans: How They Work and How They Help

by
Understanding Personal Loans: How They Work and How They Help

Understanding How Personal Loans Can Provide Financial Assistance: A personal loan is an unsecured credit provided by banks or non-banking financial companies based on your credit history and personal income. These loans, also known as consumer loans, are versatile and can be used to fulfill various personal needs. What do you understand from the EMI … Read more

RBI Proposes Minimum Threshold for Bank Loan Risks in Project Finance

by
RBI Proposes Minimum Threshold for Bank Loan Risks in Project Finance

The Reserve Bank of India (RBI) proposed setting a limit for banks’ loan exposure and making mandatory 5% standard asset for project financing consortium loans on Friday. Central Bank said in the draft guidelines for project loans, “Under the syndicated arrangement, where the total exposure of partner lenders is up to Rs 1,500 crore, no … Read more

Know how you can get help from personal loan

by
Know how you can get help from personal loan

A personal loan is an unsecured credit provided by banks or non-banking financial companies based on your credit history and personal income. It is also known as a consumer loan, catering to various personal needs. Understanding Personal Loan EMI: Equated Monthly Installments (EMIs) are a way to repay loans gradually on a monthly basis. Each … Read more

IndusInd Bank Q4 results: Steady on healthy loan growth, set profit up 15% at Rs 2,349 crore

by
IndusInd Bank Q4 results: Steady on healthy loan growth, set profit up 15% at Rs 2,349 crore

IndusInd Bank recorded a 15 percent increase in consolidated net profit to Rs 2,349 crore for the fourth quarter ending March 2024, driven by growth in interest income. In the corresponding period of the previous year, the bank had reported a profit of Rs 2,043 crore. According to a regulatory filing, the bank’s total income … Read more