Lenders to Hotel Leela, a 5-star chain that is more than two months behind in payments on $700 million of debt, are likely to bite the bullet and amend the loan terms rather than declare it in default

The state government has already disbursed about `308 crore as crop loans to farmers against a target of Rs 4,000 crores fixed for the 2012 — 13 fiscal year, state cooperative minister Sellur K. Raju

Taking loans from private moneylenders and inability to afford healthcare expenses are two major reasons behind suicides in rural areas of the country, Union Minister D. Purandeswari said on Saturday.

Country's largest lender State Bank of India has decided to waive guarantees and annual service fees on loans given to small and medium businesses, guaranteed under the Credit Guarantee Fund Trust sch

Government is mulling setting up a Rs1,000 crore Credit Risk Guarantee Fund to encourage banks to give loans to the poor, Prime Minister Manmohan Singh said on Tuesday even as he asserted that policie

Following a steep rise in bad assets in the past two quarters, public sector banks are devising various ways to ramp up the recovery in the rest of the fiscal, such as setting up special recovery ce

It’s that magical time of the year when festivities abound, gifts are exchanged and one sets out to buy new things.

Some have planned it well and have savings set aside for their purchases; for othe

In a rising interest rate scenario, borrowers generally tend to hold back when it comes to procuring a loan.

To encourage them to take the plunge, banks often try to make the best of the situation

After a steep hike in petrol prices, the stage appears set for interest to go up on automobile, housing and corporate loans with the Reserve Bank of India (RBI) widely expected to hike key rates at no

As interest rates for home loans are on the rise, banks are trying to make them more affordable.

One such measure is the introduction of hybrid home loans.

Though this was introduced in India in 2