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LOANS AT CONCESSIONAL RATES
Banks can offer loans for FCNR (B), rebook deposits, RBI clarifiesIndian banks can now lend against FCNR(B) deposits, with the RBI offering forex swaps only on the principal amount. This move aims to attra...- RBI clarifies FCNR(B) loan, SBLC eligibility under swap schemeIndian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facilit...
- PFC raises $300 million through five year dollar bondPower Finance Corp successfully raised $300 million in international bonds, marking India's second such issuance since the RBI's special sw...
- Hudco mulls $1 billion foreign debt under RBI forex swap facilityHudco aims to secure one billion dollars in foreign debt. This will be achieved through the Reserve Bank of India's concessional forex swap...
- CEA Nageswaran cites East Asia, says protection must be tied to productivity and global competitivenessChief Economic Advisor V Anantha Nageswaran highlighted that East Asian economies like China, South Korea, and Vietnam succeeded by offerin...
- Explained: Why RBI’s FCNR(B) and ECB swap window could be a game changer for banksRBI’s FCNR(B) and ECB swap windows aim to boost liquidity, stabilise the rupee and ease funding costs for banks. Attractive returns for NRI...
- Farm credit demand likely to stay strong in FY27 on higher input costs, agri investments: NABARDAgricultural and rural credit demand is projected to remain strong through 2026-27, driven by rising input costs, expanded Kisan Credit Car...
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- FX swap window may spur PSU rush for overseas loansPublic sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...
- Banks to be told to step up FCNR (B) depositsBanks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This mo...
- RBI may need to absorb at least half of hedging cost to spur ECBs by PSUsThe Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps f...
- Lenders urge RBI for hedging support framework to revive overseas borrowingIndian banks and companies are asking the Reserve Bank of India for help with offshore debt. High costs to protect against currency changes...
- Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...
- No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SCTax on concessional interest rate loan: The Supreme Court of India has stated that bank employees have to have income tax if they have avai...
- SBI home loan interest rate concession of 55 bps ends todayState Bank of India (SBI) customers can avail concession on home loans up to 55 bps lower than the actual rate. The rates are offered only ...
- Bank of India launches festive offer; waives loan processing chargesThe bank has waived loan processing charges and will provide home loan at concessional rates, BoI general manager Salil Kumar Swain said.
- Storage bound farmers to get cheaper crop loanThe Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce.
- SBI to provide loans at concessional rates to farm sectorTerm loans and working capital for high value dairy projects and smaller dairy owners with a herd size of over 10 would be lent money at 10...
- PNB announces festival bonanza, offers home loan at 8.5 pcState-owned Punjab National Bank today announced a festival bonanza offering home loan at 8.5 per cent, a teaser rate to attract new custom...
- SBI interest rate increase spells collateral damage for taxpayersState Bank of India’s (SBI) rate hike is going to affect even those who have never borrowed from the bank. Income-tax regulations on taxing...
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