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New Delhi: The MSME sector is key priority area and Bank of Baroda (BoB) is taking various steps, including a Rs 2,300-crore financial support, to help the sector hit hard by the coronavirus-induced lockdown, the bank’s Executive Director Vikramaditya Singh Khichi said. The state-owned bank launched an emergency credit line […]
Mumbai: Reliance Industries Limited (RIL), which has rolled out JioMArt Services using WhatsApp is set to have multiple benefits but would take time to accrue those, a Credit Suisse report said Monday. The American social media giant, is paying $5.7 billion for buying 10% in the digital arm of India’s […]
Mumbai: The relationship between some high-street banks and fund houses will be put to test with lenders closely monitoring ‘daylight overdraft’ lines to mutual funds. Over the past few days, banks have been trying to assess the liquidity gap their MF clients could face this week amid fears of a […]
Mumbai: Living on credit through a period of salary cut or job loss is going to be tough because at least a few banks are proactively and sharply reducing credit card and personal loan limits for certain classes of customers. Also affected will be small and medium businesses as loan […]
NEW DELHI: The Reserve Bank of India’s (RBI) measures to help facilitate funds to the NBFC sector is unlikely to boost the credit flow to the broader economy as NBFCs would shore up their own liquidity rather than on-lending to customers, Moody’s Investors Service said on Sunday. Moody’s Investors Service […]
KOLKATA: Coal India will not offer supplier’s credit to consumers including power companies but its board decided on Thursday to give other concessions. On Thursday, the board decided to allow acceptance of usance credit by Coal India from almost all buyers, including some e-auction customer categories. It also passed the […]
NEW DELHI: The RBI measures will revive credit flow by commercial banks and targeted long-term repo operation (LTRO) would further activate the corporate bond market and also provide much needed liquidity to NBFCs, Niti Aayog vice chairman Rajiv Kumar said on Friday. The RBI on Friday further eased bad-loan rules, […]
NEW DELHI: GoAir on Thursday announced an extension of its ticket credit scheme, which allows passengers who don’t show up for a flight to use the fare amount on any booking within a year, from April 15 to April 30. “Even if the customer does not show up between 19th […]
Mumbai: The moratorium on loan repayment between March 31 and May 31, is applicable on all types of retail credit, including credit card outstanding balances, the Reserve Bank said on Friday. “To mitigate the burden of debt servicing brought about by disruptions due to the Covid pandemic and to ensure […]