Friday , 3 July 2020

Tag Archives: loans

Indian banks’ loans rose 6.2% y/y in two weeks to June 19 – central bank

BENGALURU, July 3 (Reuters) – Indian banks’ loans rose 6.2% in the two weeks to June 19 from a year earlier, while deposits rose 11%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 16.79 billion rupees ($224.95 million) to 102.45 trillion rupees in the two weeks to June 19. Non-food credit fell 19.27 billion …

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Indian govt had no outstanding loans from RBI in June 26 week

BENGALURU, July 3 (Reuters) – The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended June 26, according to the Reserve Bank of India’s weekly statistical supplement released on Friday. The central government had no outstanding loans in the prior week as well. State governments had 34.16 billion rupees ($457.58 …

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Loans in coronavirus mortgage bailouts see largest weekly decline yet

Signage stands outside the Freddie Mac headquarters in McLean, Virginia, U.S., on Monday, May 11, 2020. Andrew Harrer | Bloomberg | Getty Images The number of borrowers in government and private sector coronavirus-related mortgage bailouts just fell by the largest weekly volume since these plans were put in place. There are, however, warning signs that the programs could swell again. …

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Gold loans shine as small businesses, borrowers look for ready cash

Surabhi As banks become cautious about lending, gold loans have turned into an easy and quick option for small businesses and individuals looking for short-term cash. With the easing of lockdown restrictions, banks and NBFCs say the demand for such loans has surged in the last one month. “People want easy and quick finance. A bank loan takes time and …

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Deserted British High Streets Imperil Billion-Pound Bank Loans

(Bloomberg) — British banks’ hospitality and retail clients are finally about to completely exit lockdown. If shoppers and diners don’t flock back, the fate of billions of pounds in loans may be in the balance. Barclays Plc, Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc are heavily exposed to these sectors, which can account for more than …

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Looking at more loans to keep businesses afloat

SOUTH BEND, Ind. (WNDU) – On Thursday, Senator Todd Young (R-IN) is talking economic relief to help businesses hit hard by COVID-19. No baseball and fewer fourth of July fireworks means less cash for at least one pyrotechnic company, maybe more, but Senator Young thinks he has a plan that can help out those types of businesses and many others …

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‘Provide interest-free loans to MSMEs for five years’ : The Tribune India

The president of Amritsar Textile Processor Association, Krishan Kumar Sharma, who is the managing director of SG Group of Companies, a diverse groups with interests in real estate, textile processing and hospitality sectors, shares his views on the affect of the lockdown on the businesses in an interview with Neeraj Bagga. Sharma, who is the president of the local chapter …

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Somkid rustles up larger SME loans

Somkid rustles up larger SME loans Move to stabilise employment levels With international travel restrictions, airlines have been hit hard by the pandemic. Aviation business operators could receive a credit line exceeding 500 million baht from the central bank’s soft loan scheme. Pattarapong Chatpattarasill Deputy Prime Minister Somkid Jatusripitak has instructed related parties to set up a new mechanism to …

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