by Lois C. Ferrara | May 8, 2020 | Business News
Kolkata: Coal India and its subsidiaries are helping each other with loans to be able to pay salaries and tide over the acute liquidity crisis from rising dues from consumers and falling cash flow during the lockdown. Coal India has lent Rs 300 crore to subsidiary Central Coalfields while Bharat Coking Coal is in talks […]
by Lois C. Ferrara | May 6, 2020 | Business News
KOLKATA: Several banks are declining loan demands by microfinance institutions (MFIs), even for those within the sanctioned limits, which may choke the credit flow in the micro and self-employed segments. While the denial of liquidity support from banks has already...
by Lois C. Ferrara | May 5, 2020 | Business News
Mumbai: Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown. NBFCs have...
by Lois C. Ferrara | May 3, 2020 | Business News
Traders, shopkeepers and small businessmen will be the biggest takers of gold loans to restart their operations after the lockdown, according to leading gold non-banking finance companies (NBFCs) such as Manappuram Finance and Muthoot Finance. Gold loans for business...
by Lois C. Ferrara | Apr 30, 2020 | Business News
By Swansy Afonso Indians may borrow more against their stash of gold as the world’s biggest lockdown raises financial stress in an economy that’s set for its first contraction in four decades. Indians are the biggest consumers of gold after China and hold the largest...
