Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN)Business: Elanco is an…
Supreme Court grants relief to borrowers, extends loan…
The Supreme Court on Thursday virtually extended the loan moratorium period till Septmeber 28, granting relief to borrowers. The top court extended the interim order in which it had directed the banks not to declare…
Number of women bank borrowers treble in six…
Signs of higher women empowerment are evident in bank loan numbers as well. The number of female borrowers have almost trebled in the last five years . These have been mostly small ticket loans by…
Banks free to restructure loans, but can’t penalise…
New Delhi: Banks are free to restructure loans but they cannot penalise honest borrowers by charging interest on deferred EMI payments under the moratorium scheme during the COVID-19 pandemic, a petitioner opposing the move said…
RBI allows one-time restructuring of loans. Here’s what…
The Reserve Bank of India (RBI) has allowed a one time restructuring of loans without classifying them as NPAs to help companies and individuals manage the financial stress caused by the Covid 19 pandemic. The…
Lockdown impact: Support needed to borrowers until cash…
Kolkata: Bankers on Friday said that lockdown halted economic activities in the country for over two months and now the borrowers need support till cash flows return to normalcy. Speaking at a webinar organised by…
No relief for Mudra Shishu loan borrowers during…
KOLKATA:Mudra Shishu loan borrowers opting for moratorium on their existing debts would not get the 2% interest subvention under the Centre’s Covid-19 relief package before the expiry of the repayment holiday, the finance ministry said.…
View: How to pay depositors when borrowers don’t?
Mumbai: Nationalisation of banks was a turning point in the history of Indian banking. Half a century later, we are awaiting the next one. It's not the government's likely privatisation but what the Supreme Court…
Extend loan automatically to all eligible borrowers without…
NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday said banks have been asked to extend loans automatically to eligible borrowers without fear of 3Cs -- CBI, CVC and CAG. She said clear instructions have been…