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Air India to raise foreign loan worth $300 mn through ECB

Last Updated: Wednesday, July 22, 2015, 21:51

Air India will raise USD 300 million (about Rs 1,900 crore) by way of ECB and the government will provide guarantee for the loan, a senior Civil Aviation Ministry official said Wednesday.

Air India may soon get $300 million loan through ECB

Last Updated: Wednesday, July 22, 2015, 14:40

This ECB would be guaranteed by the Government of India and interest rate is fixed or floating linked to Libor.

Federal Bank fears more bad loan pain in Q2

Last Updated: Sunday, July 19, 2015, 16:15

The bank's exposure to this company is at around Rs 100 crore and it is evaluating multiple options to deal with the stress, he added.

EU approves emergency loan of 7.16 bn euros for Greece

Last Updated: Friday, July 17, 2015, 19:52

The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified, the EU`s top official for the euro said Friday.

Greece seeks new EU loan deal in race to avert collapse

Last Updated: Thursday, July 9, 2015, 00:42

A race to save Greece from bankruptcy and keep it in the euro gathered pace on Wednesday when Athens formally applied for a three-year loan and European authorities launched an accelerated review of the request.

Lenders nod to Bhushan Steel for Rs 30K crore loan restructuring

Last Updated: Wednesday, July 8, 2015, 21:05

Bhushan Steel Ltd (BSL) has received lenders' approval for long-term restructuring of about Rs 30,000 crore loans under a scheme of Reserve Bank of India.

SBI to put in place early warning signals to rein in NPAs

Last Updated: Tuesday, July 7, 2015, 17:57

To effectively deal with the problem of bad loans, SBI is in the process of introducing a system of early warning signals to detect NPAs and take corrective action.

SBI launches initiative to speed up home loan applications

Last Updated: Friday, July 3, 2015, 15:50

Country's largest lender State Bank of India today launched an initiative to provide doorstep services and expedite home loans application process.

ED attaches land worth Rs 1,000 cr in US in loan fraud case

Last Updated: Friday, July 3, 2015, 00:28

For the first time ED had taken such an action in USA, an official said.

Punj Lloyd gets shareholders nod for term loan up to Rs 1,500 cr

Last Updated: Wednesday, July 1, 2015, 18:10

Infrastructure major Punj Lloyd has received shareholders' approval for taking term loans up to Rs 1,500 crore with the condition that the lenders can get the debt converted into equity shares in case of a default.

Citi cuts base rate to 9.35%

Last Updated: Tuesday, June 30, 2015, 20:44

Citi on Tuesday became the first overseas bank in India to lower base rate, which it slashed by 15 basis points to 9.35 percent, citing falling interest rates.

Further rate cut of 25 bps likely this fiscal: Citigroup

Last Updated: Tuesday, June 30, 2015, 18:08

The Reserve Bank is likely to cut the key interest rate by another 25 bps this fiscal as retail inflation is likely to be around 5 percent, says a Citigroup report.