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RBI Will Allow Borrowers To Change Their House Loan & Other Loan Rates Whenever They Want

The Reserve Bank Of India (RBI) announced on Thursday that it will provide a framework that will allow borrowers to transfer from floating to fixed interest rates, providing relief to borrowers of home, vehicle, and other loans who are suffering from ...

14 State Governments Raise Rs 15,476 Crores

Fourteen states raised a total of Rs.15,475.53 crores at the auction of state government securities or state development loans (SDLs), according to a report By CARE Ratings. "While three states viz. Gujarat, Telangana and Haryana accepted additional amounts at the auction, ...

Covid 19 Impact: Govt. To Up Its Gross Borrowing For Fy21 To Rs. 12 Lakh Crore

As against the budget estimates (BE) for 2020-21, the government announced a raise in its estimated market borrowing from Rs. 7.8 lakh crore to Rs. 12 lakh crore. Giving the rationale, the government iterates that the Covid 19 pandemic has ...

Indian Bonds Surge After RBI Launches New Category For Foreign Investors

On March 31, 2020, after the Reserve Bank of India (RBI) introduced a new foreign investment category Indian bonds rallied in trade. The sentiment was further boosted by hopes of a cut in borrowing plan for the month of April ...

Indian Govt To Borrow Rs 4.42 Lakh Crore In The First Half Of FY20

The government on Friday said that it plans to borrow Rs 4.42 trillion ($63.92 billion) in the first half of the financial year 2019-20 (FY20) that will begin on 1 April. This planned borrowing for the April to September 2019 period ...

Govt relaxes certain compliance requirement for cos till Sep

The government has allowed companies to get matters related to borrowings and creation of security approved by shareholders through ordinary resolutions till September this year. The Corporate Affairs Ministry has allowed the relaxation following representations by many entities that they ...

A Credit Information Report issued by CIBIL

Credit Information Bureau of India (CIBIL) is India's first credit information bureau. It basically collects information on borrowers from its members and hence crease the credit history of an commercial and consumer or individual borrowers. CIBIL provides this information to ...