Riyadh to seek $11bn in bank loans after Saudi Aramco IPO stalls

Mohammed bin Salman, Saudi Arabia’s crown prince, is seeking an economy less dependent on oil © Bloomberg Saudi Arabia’s sovereign wealth fund is primed to choose international banks to lend it $11bn, filling the hole left by the delayed listing of state energy group Saudi Aramco and providing financing for crown prince Mohammed bin Salman’s More...

by Loknath Das | Published 4 weeks ago
By Loknath Das On Friday, August 24th, 2018
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Banks look to oust Lanco Devihalli from road project to recover loans

Lenders want to transfer the concession agreement from Lanco Devihalli to a new investor. Photo: Priyanka Parashar/Mint Mumbai: A consortium of lenders, led by the State Bank of India (SBI), is looking for a More...

By Loknath Das On Friday, August 24th, 2018
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Relax non-performing asset rules for Kerala loans: Banks 

Representative image. MUMBAI: Banks have made a representation to the Reserve Bank of India (RBI), seeking forbearance in loans to individuals and small businesses in Kerala. They have said that since the More...

By Loknath Das On Thursday, July 5th, 2018
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Muthoot Finance eyes disbursal of Rs 300 crore personal loans

Kerala-based Muthoot Financehas set a target to disburse Rs 300 crore personal loans during the current financial year, a top company official said on Wednesday. The company, which had earlier offered gold loans More...

By Loknath Das On Thursday, July 5th, 2018
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‘Small loans rise 4 times faster than total credit’

Small ticket, unsecured loans have grown four times as much as the overall banking sector’s credit growth, according to a study by Crisil Research. The report said between financial years 2015 and 2018, unsecured More...

By Loknath Das On Thursday, July 5th, 2018
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Unsecured Loans Grew Four Times the Bank Credit in Last Three Years

Mumbai: Unsecured bank loans have grown four times the bank credit during the past three years, helped by a rise in discretionary spending, technology-driven disbursements and lower interest rates, says a report. Unsecured More...

By Loknath Das On Saturday, June 30th, 2018
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Banks mull common portal to offer competitive personal, housing & other retail loans

The government also wants PSBs to use new financial technologies to make business transactions quicker and hassle-free. NEW DELHI: State-run banks are mulling a common portal where they could offer competitive More...

By Loknath Das On Monday, June 25th, 2018
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Surprise! Student Loan Forgiveness Isn’t Free

(AP Photo/Sheridan Press, Jordan Edgcomb) If you thought that student loan forgiveness is free, guess again. There’s a hidden cost you need to know about – and it could cost you significantly. Here’s More...

By Loknath Das On Monday, June 25th, 2018
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Satya MicroCapital reaches 1 lakh active loan clients, disburses Rs 300 crore in total loans

From reaching 1,000 entrepreneurs in our first 100 days, Satya has now reached out to 1 Lakh entrepreneurs in around 500 days of being active Micro financing group Satya MicroCapital has crossed 1 lakh active More...

By Loknath Das On Monday, June 25th, 2018
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The booming loan market is getting riskier

Hans Neleman | Getty Images The leveraged loan market is one corner of the credit markets that is thriving in the face of rising interest rates. But red-hot demand for such loans in the past year is raising red More...