In a new year gift to the MSME sector, the Reserve Bank Tuesday allowed a one-time restructuring of existing debt up to Rs 25 crore for the companies which have defaulted on payment but the loans given to them have continued to be classified as standard assets..
In a new year gift to the MSME sector, the Reserve Bank Tuesday allowed a one-time restructuring of existing debt up to Rs 25 crore for the companies which have defaulted on payment but the loans given to them have continued to be classified as standard assets.
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Ball lies in court of banks to restructure loans of eligible MSMEs as per guidelines: RBI Governor
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Mortgage major HDFC Wednesday announced reduction in retail loan pricing by 10 basis points across tenors and buckets of loans, both for new as well as existing borrowers, effective Thursday. For home loans up to Rs 30 lakh, the financier is offering 8.60 percent now. For women borrowers, the new rate is 8.55 percent, the largest mortgage lender said in a statement, adding the rate reduction will be applicable to existing borrowers as well.
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Finance minister Nirmala Sitharaman while addressing media at the silver jubilee celebration of NSE said that govt is working with RBI to address issues facing realty sector.
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