ECONOMY

Tag Archives: loan

Fine, Mr Urjit Patel! Now, What is your take on corporate loan waivers and tax concessions?
12.04.17 - Devinder Sharma

This smacks of double standards. Soon after Uttar Pardesh Chief Minister Yogi Adityanath announced a Rs 36,359-crore farm loan waiver, benefitting more than 95 lakh small and marginal farmers, the Reserve Bank of India governor Urjit Patel has lamented that any such move ‘undermines honest ...
  


RBI gives borrowers additional 60 days to repay loans
21.11.16 - TEAM PT

In view of cash crunch being faced by borrowers, the RBI today provided additional 60 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore. 

This is applicable to loans payable between November 1 and December 31, the RBI said ...
  


Defaulters Should Not Be Named And Shamed : Raghuram Rajan
05.04.16 - pt team

RBI Governor Raghuram Rajan has advocated on Tuesday that the Supreme Court should keep confidential the list of defaulters that owe Rs 500 crore or more to public sector banks. 

Citing the example of credit card default, Dr Rajan said, "Sometimes you default on your credit ...
  


Vijay Mallya's Offer Via Video : Can pay Rs.4,000 Crore By September:
30.03.16 - pt team

Vijay Mallya has made an offer to banks struggling to recover more than Rs 9000 crores from his Kingfisher Airlines: he will arrange to repay 4,000 crores by September. His lawyers submitted a copy of the details to the Supreme Court today, which has given ...
  


My client is a small defaulter compared to Ambani's Reliance: Vijay Mallya's counsel
05.03.16 -

To support UB Group promoter Vijay Mallya, counsel Uday Holla, on Friday said that his client was a "small-time" defaulter unlike companies like Reliance who he claimed are bigger defaulters, and the banks were hounding the small defaulters and leaving big defaulters off the hook.
 
"Recently ...
  



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