Like Maharashtra and Telangana, Odisha has also been forced to cut expenditure and defer some others, including salary payments to manage the finances at the current juncture.

H.E.L.P. to include more industries and additional small businesses WILMINGTON, Del. –  Governor John Carney on Thursday announced the expansion of the Hospitality Emergency Loan Program (H.E.L.P.) to provide financial relief for additional industries impacted because of coronavirus (COVID-19). The expansion makes personal care services businesses – such as barber shops, hair salons, nail salons, and beauty shops […]

Museums and historic sites are among the organizations eligible for support.

The post Loans available for Delaware’s hospitality industry impacted by coronavirus appeared first on Division of Historical and Cultural Affairs - State of Delaware.

West Bengal State Electricity Distribution Company (WBSEDCL) is likely to seek bank guarantee from the state to take fresh loans so that it can meet salary expenses for its 18,000-odd workers for May.

Credit and Finance for MSMEs: Nitin Gadkari said that the government has made some decisions to help MSMEs grow in the post-Covid scenario such as increasing their working capital limit by 20 per cent.

Borrowers who opt for the moratorium on repayments will have to pay an additional interest charged on simple interest basis. Thus, those who have the capacity to repay should continue to make the payments regularly

The moratorium means in case of cash crunch in these extraordinary times, you may not pay the EMIs but the bank/FI will not classify your loan as a non-performing asset (NPA).

With new developments in technology, it has become easier to get a quick personal loan.

If you have a high credit score or work for an organisation that has a tie-up with a bank for subsidised interest rates, you can get a lower interest rate.

Closing a home loan account involves outstanding loan repayment, signing some forms, request for return of original documents, collecting no-dues certificate as well as the final interest payment certificate.

Banks are offering Covid-19 personal loans only to existing borrowers and pension and salary account holders

Availing of the moratorium will only add to your interest burden eventually. If you have the cash, paying EMIs and credit card bills on time will be beneficial.

According to sector experts, NBFCs' outstanding credit to the commercial real estate stood at Rs 1.29 lakh crore as on September 30, 2019.

Microfinance institutions (MFIs) believe the industry will bounce back in no time as they see demand for microcredit rising soon because of emergency loan requirements of their customers to restart businesses.

The government is considering a raft of relief measures, including setting up a Rs one lakh crore fund to expedite clearances of dues owed to MSMEs, guarantee on the enhanced limit of loans (up to 20%) and a mechanism to help them pay salaries to their employees.

Worried microfinance industry feels that if the “irregularity and delay” in loan repayments get longer, then there would be a major problem for every player — small, medium and large.

ye query mere uncle ka case hai -- 1.uncle ne kisi dost (jain sahab) se paise udhar liye they cash me aur time to time wapas bhi karte rahe. 2. udhar lete time uncle apne letter head p likh k diya k itne paise itne byaj p le raha hun..( uska sample image main bejh raha hun) 3. par uncle k paise lautate time jo recieving thi vo kho gayi h na koi record h aur uncle ne bh paise cash me hi diya tha 4. 2017 me jain sahab ki bimari k karan death ho gayi , to jain sahab k bete aur damad ne uncle se pucha k apne kitne udhar liye they to uncle ne kaha 14 lakh but use time to time utar diye they exact amount dekh k batunga 5. jain sahab k bete ne kuch jaan pehcahn k logo k sath aur vakil k ghar uncle se likhwa liya k 14 lakh bakaya h aur uspe witness k bhi sign kara liye (iski koi copy uncle k pas nah h ) ye june 2017 me hua 6. uske bad uncle k beto ne hisab lagay to kul 7 lakh bakaya nikla ,,,uske bad unhone jain sahab k bete aur damad ko apne ghar bulaya aur kaha ke haamre family relation h par apne hamare pitaji se jabardasti 14 lakh likhwa liye jo k sah nah h aur apka sirf 7 lakh bakaya h. to unhone bola thik h ap 7 lakh wapas kar (iski voice recording h uncle k pas) 7. uncle k bete ne 2018 me 2 lakh lauta diye cash me , aur whatsapp kardiya jain sahab k bete ko k ab 5 lakh bakaya h ,,2019 me paise na hone k karan vo kuch paisa na de paye 8. 2020 me jain sahab k damad ne uncle dwara likha hua bhi bejh diya whatsapp p (jo ki ek tarah ki dhamki lagi) 9 ab uncle ko lag raha h ki bache hue 5 lakh dene k bavjood bhi agar vo 14 lakh wala parcha leke khade ho gaye to hum kya karenge. aise situation me kya kiya jaye ? 1. kya jo uncle ne likh k diya uski validity h legally ? 2. kya uncle ye bol de k humne hisab k mutabik 7 lakh wapas krdiy h . 3.kya uncle complaint kare ki jabardasti 14 lakh likhwa liye 4. kuch aur better opinion ?

Private banks are also understood to be entertaining requests for a moratorium as some of them have exposure to microfinance borrowers themselves and have a good sense of the market.

Notably, following RBI's announcement on allowing a moratorium on term loans for March 1 to May 31, most of the MFIs have extended a moratorium to their borrowers till May 31.

RBI said that the farmers do not have to pay penal interest and at the same time they will continue getting the benefits of the interest subvention scheme. 

The loan moratorium, as suggested by the Reserve Bank of India (RBI) last month and subsequently implemented by various lenders across the country, might be able to provide some temporary relief for now but could also play a hand in changing the credit landscape of the banking sector.

In the last Parliament session, Rahul Gandhi had asked the government to provide a list of top 50 bank loans defaulters in the country, leading to sharp exchanges and uproar in the Lok Sabha.

Implementation of three months moratorium on repayment of loan instalments announced by the RBI was also reviewed during the meeting.

Delhi high court, in an interim order on May 1, has allowed HDFC Bank to deduct a Rs 90-crore loan installment from Indiabulls' fixed deposit which it holds as security.

RBI, on April 17, announced to provide special refinance facilities for a total amount of Rs 50,000 crore to NABARD, SIDBI and National Housing Bank (NHB) to enable them to meet sectoral credit needs.

Similarly, for home loans between Rs 30 lakh to Rs 75 lakh, the effective interest rate is now at 7.65%, compared to 7.45% earlier.

In the gold loan category, which accounts for 87% of our standalone portfolio, more than 90% are servicing their dues.

Banks are flush with liquidity, but they also have to look after the interest of depositors.

The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the coronavirus-induced lockdown.

The marginal cost lending rate cut by banks and finance companies is good news for home loan and car loan borrowers whose loans are linked to MCLR. With the rate cut, all loans including home loans, auto loans, personal loans, etc., tied to the MCLR will become cheaper.

RBI eases refinancing rules for infrastructure loans - Full guidelines

The World Bank has approved US$390 million in additional financing to be used by Pakistan's Water and Power Development Authority for extensions of its Tarbela hydroelectric plant.

In 2018, more than 300,000 residential solar systems were installed and that number is expected to grow in 2019. To make it easier for these green-minded consumers to go solar, last week, two companies, EnerBank USA and Mosaic, each announced offerings that will help solar installers and homeowners gain access to the capital needed to pay for solar PV systems.

The U.S. expects to earn $5 billion to $6 billion from a federal loan program, bolstering President Barack Obama’s decision to back low-carbon technologies.

The fallout from California power giant PG&E Corp.’s looming bankruptcy has been both sudden and widespread: Its electricity suppliers have seen their debt cut to junk. Banks are facing liabilities as buyers of last resort for more than $760 million of bonds the utility issued through California. And the rest of the state’s utilities have tumbled.

The World Bank has approved US$390 million in additional financing to be used by Pakistan's Water and Power Development Authority for extensions of its Tarbela hydroelectric plant.

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