Nirav Modi’s interest-free loans, gifts under I-T scanner

MUMBAI: Interest free loans, cumulatively running into several hundred crores, which Nirav Modi obtained from firms in which he was a partner, will come under the scanner of the income tax (I-T) department. In addition, they will also examine the genuineness of gifts, which he received from relatives based overseas. Information is being sought More...

by Loknath Das | Published 3 months ago
By Loknath Das On Monday, February 26th, 2018
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Costly loans beckon as Rotich commits to rate cap law repeal

Treasury Cabinet Secretary Henry Rotich. FILE PHOTO | NMG The Treasury has committed to the International Monetary Fund (IMF) that it will repeal or reform the 18-month-old law capping interest rates in what could More...

By admin On Thursday, February 1st, 2018
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LOAN ELIGIBILITY

Our loansare open to anyone regardless of their previous credit history in borrowing various loans from various money lending organizations. The following list gives an overview of customers and clients who are More...

By Loknath Das On Wednesday, January 17th, 2018
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Air India Joins Hands With 3 Banks For Loans For Three Boeing 777 Planes

Air India ties up with 3 banks for raising loans, says civil aviations minister Jayant Sinha New Delhi: State-owned Air India has tied up with UAE-based First Abu Dhabi Bank as well as Standard Chartered Bank More...

By Loknath Das On Wednesday, January 17th, 2018
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PSU Banks Face 1,463 NPA Accounts Of Rs. 100 Crore Each

Gross NPAs of state-owned banks stood at Rs. 7.34 lakh crore by the end of second quarter     HIGHLIGHTS In SBI, 265 accounts have bad loans of more than Rs. 100 crore each PNB has 143 NPA accounts More...

By Loknath Das On Wednesday, January 17th, 2018
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Organised Gold Loan Industry To Touch Rs. 3.1 Lakh Crore By Fiscal 2020, Says Report

Since gold loans are securitised, lenders can recoup the full principal amount if the borrower defaults New Delhi: India’s organised gold loan industry could touch Rs. 3.1 lakh crore by 2019-20 as the More...

By admin On Tuesday, December 12th, 2017
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Facts about Car Title Loans

Well, taking loan is not something one would like to consider, but sometimes it can prove to be a great option in a cash crunch situation, especially for those who have an urgent need of money like the medical More...

By admin On Tuesday, September 12th, 2017
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Good Reasons to Consider Taking Personal Loan

There are many reasons to take out a loan including for a big purchase, to complete a home improvement project or to keep up on old bills that continue to accrue interest. Whatever the reason, personal loans are More...

By admin On Tuesday, August 22nd, 2017
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Benefits of Flexi EMI

Purchasing your own home is an important financial goal in life.Having your own home also means that you do not have to deal with the whims of your landlord and move in and out of multiple homes. Like most individuals, More...

By Loknath Das On Saturday, August 19th, 2017
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bxblue wants to move payroll-secured loans online in Brazil

Payroll-secured loans are a $40 billion a year business in Brazil, but that business largely happens offline. A startup in Y Combinator called bxblue wants to change that by creating a marketplace for borrowers More...