You are here

Tag: Loan

PSU banks loan report: Govt banks lent this much for business, farming during coronavirus months

Loknath Das, , , , , , , , , , , ,

Under the scheme, the banks provide an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore. State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between March 1 and May 15 when businesses were reeling under the impact of COVID-19 crisis. Loans sanctioned at the end of May 8 stood at Rs 5.95 lakh crore.  “Loans worth over Rs 6.45 lakh crore were sanctioned…

Read More

SBI education loan for vocational studies 2019: Check expenses covered, rates, other details

Loknath Das, , , , , , , , , , , ,

State Bank of India (SBI) offers the facility of education loan for vocational studies under which resident Indians can avail a term loan for pursuing skill development courses in India. State Bank of India grants a maximum loan of Rs 1.5 lakh for vocational training and studies.  |  Photo Credit: BCCL New Delhi: State Bank of India (SBI) offers the facility of education loan for vocational studies under which resident Indians can avail a term loan for pursuing skill development courses in India. SBI educational loan for vocational training and studies covers…

Read More

texas car title loan

admin, , ,

When times get tough, do you have a backup plan? A huge number of Americans do not have enough savings to cover even a single month of living expenses. If any of these people were to lose their job, then they stand in serious danger of losing their homes or going without power until the bill can be paid. There are options to generate income in a short amount of time, but most of these are either unknown, too skill-based, or just illegal. Maybe you think you should get a…

Read More

Education loan defaults soar 47% on weak job market

Loknath Das, , , , , , , ,

HIGHLIGHTS A weak job market and wilful default by even those in well-paying jobs have hit the education loan portfolio of state-run banks. Non-performing assets soared by almost 47% between March 2015 and last March, data shared in Parliament showed. The problem is so acute for at least five lenders that the stock of bad loans has more than doubled. NEW DELHI: A weak job market and wilful default by even those in well-paying jobs have hit the education loan portfolio of state-run banks with non-performing assets soaring by almost…

Read More

Rising NPAs in education loan add to banks stress

Loknath Das, , , , , , , ,

Education loans too have started bleeding the banking sector with the default in repayment rising to 7.67 per cent of the outstanding amount at March- end, 2017 from 5.7 per cent two years ago. As per the data compiled by the Indian Banks Association (IBA), the total outstanding education loan at end of the fiscal 2016-17 was Rs 67,678.5 crore, of which Rs 5,191.72 crore was NPA. The government is already struggling to deal with the problem of mounting NPA in the public sector banks and has drawn a mega…

Read More

India Funding Roundup: An Online Legal Services Provider, Loan Marketplace, and More

Srijita, , , , , , , , , , ,

Our latest funding roundup compiles seed stage investments in Indian subscription based grocery delivery startups, legal services providers, loan application portals, and proximity marketing firms. Deal4Loans Noida-based Deal4Loans, a loan information and application portal that provides information on personal, home, car and business loans, and credit cards from different banks has raised an undisclosed amount of funding from international investors, including Ram Shriram, Neeraj Arora, Samir Sood, and Puru Vashishtha. Founded in 2009, the company has reportedly booked over Rs. 10,000 crores in loans through seven million customers. LegalRaasta Online…

Read More