Articles
India pushes for Mehul Choksi’s extradition after arrest in Belgium
The diamond trader was arrested for his alleged involvement in the Rs 13,000 crore PNB loan “fraud” case
15 April,2025 08:18 AM IST | New Delhi | Agencies
Rs 33 lakh crore of collateral-free loans sanctioned: Union minister
Highlighting the nation’s economic growth vision, the Minister of State for Finance stated that over the past ten years, the government has provided collateral-free loans worth Rs 33 lakh crore to 52 crore people, ranging from Rs 50,000 to Rs 20 lakh
14 April,2025 02:45 PM IST | Nagpur | PTI
Union govt, NDMA can ask banks to waive loans of Wayanad landslides victims: HC
A bench of Justices A K Jayasankaran Nambiar and Easwaran S said it will pass orders "nudging" the Centre and the NDMA to ask the banks to waive off the loans
10 April,2025 01:23 PM IST | Kochi | mid-day online correspondent
State to be guarantor for Rs 10,000-crore loan for Mumbai infra projects
A Government Resolution (GR) or order issued by the state finance department said the cabinet had approved the loan to be taken on government guarantee for 2024-25. As financial year 2024-25 is over, a fresh guarantee was being given subject to another cabinet approval
09 April,2025 10:11 PM IST | Mumbai | mid-day online correspondent
External loans to Maharashtra departments after CM's approval: Govt order
The external loans should not be treated as a source to fulfil financial needs, and it should be ensured they are within the fiscal deficit limits, said a government resolution (GR) issued by the state finance department
09 April,2025 12:43 PM IST | Mumbai | mid-day online correspondent
RBI cuts repo rate to 6 per cent to support growth amid global uncertainties
In a move to bolster growth amid global headwinds, the Reserve Bank of India has reduced the repo rate by 25 basis points to 6 per cent. The central bank remains cautiously optimistic about domestic growth and inflation projections.
09 April,2025 11:13 AM IST | Mumbai | mid-day online correspondent
Thane crime: Shopkeeper abducted, thrashed over loan dispute
On March 28, five persons allegedly abducted the victim from near his house at Ambivali in Kalyan town and forcibly took him on a motorbike to the lender's office at Bhoiwada in the town
31 March,2025 11:35 AM IST | Thane | mid-day online correspondent
Devendra Fadnavis defends Ajit Pawar on crop loan waiver remarks
Pawar, speaking at an event in Baramati in Pune on Friday, had said the current financial situation of the state does not allow for a crop loan waiver and asked farmers to pay instalments in time rather than wait for an announcement in this regard
29 March,2025 08:56 PM IST | Pandharpur | mid-day online correspondent
Thane businessman cheated of Rs 22 lakh in fraudulent Rs 10 crore loan promise
A trader from Thane was duped of Rs 22 lakh by a fraudster who promised to secure a Rs 10 crore loan. Police have registered a case and launched an investigation.
26 March,2025 10:04 AM IST | Mumbai
RBI Limits excessive charges on loans up to Rs 50,000 under PSL
Bank said that no loan-related and ad hoc service charges or inspection charges shall be levied on priority sector loans up to Rs 50,000. This crucial step has been taken to protect small borrowers from unnecessary financial stress and to also ensure fair that there is a fair lending process
25 March,2025 10:47 AM IST | Mumbai