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NEW DELHI: Maharashtra deputy chief minister Ajit Pawar appeared visibly frustrated on Thursday while interacting with flood-affected farmers in the Marathwada region, after being asked about the government’s stance on a farm loan waiver.Pawar was visiting Marathwada region to assess damage caused by heavy rains and flooding earlier this week, which devastated crops and damaged…
Public sector banks (PSBs) in India are set to see robust loan growth in retail, agriculture, and MSME segments in the coming quarter, according to a sector repirt by Nuvama Institutional Equities.While corporate lending has increasingly shifted to mutual funds and capital markets, loans to individuals, farmers, and small businesses are expected to drive overall…
India and the Asian Development Bank (ADB) on Monday signed a $125 million loan agreement to upgrade urban services and strengthen climate resilience across six districts of Assam, the finance ministry said.The project will directly benefit around 360,000 residents by ensuring continuous metered water supply and upgrading storm water management systems. It will also introduce…
MUMBAI/ NEW DELHI: RBI is considering a proposal to regulate the use of device locking technology in case of continued default for some small-ticket personal loans – but with explicit safeguards. Sources said a final decision on the issue has not been taken, but the needs of consumers and lenders have to be balanced.In some…
BHOPAL: What began as a frantic river rescue in MP’s Rajgarh district a fortnight ago, has unraveled into an elaborate fraud – Vishal Soni, son of Rajgarh BJP leader Mahesh Soni, fabricated his own death to evade Rs 1.40 crore in loans, sending police, administration, and SDERF teams on a 10-day, 20-km search of the…
