RBI may allow one-time restructuring of stressed loans with conditions
• In 2019, however, RBI had allowed banks and NBFCs a one-time restructuring of loans of up to ₹25 crore
Continue readingICICI Bank cuts fixed deposit (FD) rates.
• Currently, banks have ample liquidity, and a comparatively less demand for loans due to the lockdown • This has
Continue readingRBI may allow relaxation for MSME loans, scrap risk weight
The unconditional government guarantee gives enough comfort to RBI to remove the risk weight on these loans, leaving banks with
Continue readingCollateral-free loans worth ₹3 lakh cr for MSMEs
Move likely to benefit 45 lakh units; tenor of these loans will be four years, valid up to 31 October,
Continue readingSBI revises fixed deposit (FD) rates. Latest FD rates here
State Bank of India has slashed interest rates on FDs ‘up to 3 years’ tenor by 20 bps The new
Continue readingSBI will soon introduce pre-approved personal loan for salaried people facing cash crunch
SBI said it in in the process to introduce a pre-approved personal loan offering through YONO to provide relief to
Continue readingRBI releases FAQs on cash withdrawals at PoS terminals
Cardholders can withdraw cash using debit cards and open system prepaid cards issued by banks in India However, credit cards
Continue readingRBI may extend moratorium on loans by another 3 months
The government on Saturday extended the lockdown for further two weeks till May 17 with certain relaxations for red, orange
Continue readingAu Small Finance Bank looks to join larger peers in quest for capital
Jaipur-based Au Small Finance Bank Ltd is looking to join its larger peers in the banking industry in fundraising initiatives
Continue readingPM Modi Seven Points on Lockdown 2.0
India Lockdown Extension: Prime Minister Narendra Modi addressed the nation today to announce government’s decision on the Coronavirus lockdown. In the
Continue reading
