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Tag Archives: loan

Yes Bank signs loan agreements totaling USD 265 million with OPIC

Washington D.C. / Mumbai, Dec 1 : Yes Bank, India’s 5th largest private sector bank has signed an agreement with the Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, for debt financing of $245 million to increase lending to micro, small and medium enterprises (MSMEs) in India. U.S.-based lender Wells Fargo Bank, N.A. will act as sponsor ...

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HDFC Bank launches ‘design your own loan’ initiative for loan against shares

Mumbai, Sept 16 : HDFC Bank launched its ‘Design Your Own Loan’ scheme wherein customers can now apply for loan against shares (LAS) online using their demat account. They can also set their own limits by choosing the combinations of shares to pledge with the bank. This gives customers the convenience to design their own loan at any time of ...

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HDFC Bank launches 30-minute auto loan, 15-minute two-wheeler loan

Mumbai,June 29: HDFC Bank has launched an auto loan that is disbursed in just 30 minutes using biometric technology. The 30-minute auto loan is available for HDFC Bank customers, as well as others. With this technology-enabled solution, loans for two-wheelers can also be approved within 15 minutes. With this launch, any person wishing to avail of a loan can walk ...

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SC allows Sahara to conduct proposed loan transaction from abroad

New Delhi, Jan : In a relief for Subrata Roy, the Supreme Court has allowed the Sahara Group Chief to proceed with its proposed loan transaction from abroad for raising funds. The Sahara Group will now have to seek permission from the Reserve Bank of India for transfer of money to India from abroad, the court observed on Friday. The ...

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Soft Loans to the Sugar Mills for Setting up Ethanol Projects

New Delhi, July 15 : The Central Government, with a view to increase production of ethanol is providing soft loans up to 40% of the project cost to the sugar mills from Sugar Development Fund (SDF) for setting up ethanol projects. Production of alcohol or ethanol is linked to the production of molasses which is a by-product during production of ...

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Financial assistance/package for Hindustan Machine Tools unit in Kerala

New Delhi, July 8: The Cabinet Committee of Economic Affairs (CCEA) in its meeting held on 28.2.2014 has approved the financial assistance / package to Hindustan Machine Tools Ltd., Bangalore including a unit in Kerala. The details are as follows:- i) An amount of Rs. 75 crore as non-plan loan for working capital purposes. ii) Implementation of 1997 pay revision ...

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