alexa
 
Home News Loans

Read more interesting news from around the globe with Indianmoney App

Google Play
 
News Image

NBFCs could face solvency stress despite surplus system liquidity

Saturday, December 14, 2019, 9:41 PM

Moody's said that Indian non-bank-lenders could face solvency stress in 2020 despite surplus system liquidity, with high-street banks advancing less money to a financing industry segment battling fund constraints for a while. Ever since the default by IL&FS became public in September-2018, NBFCs as a sector has been facing a severe liquidity crisis. Central-bank data showed that bank funding to NBFCs has slowed down.
News Image

Mumbai: 5 held for duping companies on pretext of giving loans

Tuesday, December 3, 2019, 7:49 AM

Mumbai-police has arrested gang-of-fraudsters for duping companies on the pretext of providing them loans at lower-interest-rates. The gang, involving five-people, has duped over a dozen of companies across the country with the promise of securing-high-value-loans from banks. All the accused, identified as Shoaib Kasam Chandiwala, Ravindra Baburao Kamat, Shafique Babumiya Shaikh alias Mamu, Vijay Virendra Grover and Hiren Kishor Bogayata, are natives of Mumbai.
 
News Image

Yes Bank seeks up to $2 billion in preferential new share issue

Saturday, November 30, 2019, 8:10 PM

Yes Bank Ltd aims to raise up to $2 billion in a massive issue of new shares to institutional investors and wealth managers as it soaks up the impact of bad loans in the country's crisis-hit shadow banking and real estate sectors. Banking analysts say most of the funds raised by Yes Bank will be used to provide for bad loans.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.