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SHIPS AS COLLATERAL FOR LOANS
Word of the Day: Hypothecation — here’s today’s word meaning, usage, and real-world applicationsWord of the Day: Hypothecation — Hypothecation is a key financial term every borrower and investor should understand today. It means pledgi...
Can your cow get a credit score? AI-driven livestock lending in actionLivestock represents 40% of agricultural GDP, yet banks struggle to incorporate animal assets into lending decisions.
Industry pushes for long-term maritime infra financing optionsThe growth of India's maritime industry is hindered by a lack of robust financing avenues. Shipowners are encountering challenges with bank...
Large ships accorded infra status, to draw more financesThe government has granted infrastructure status to large ships, defined as commercial vessels meeting specific tonnage and ownership crite...
Large ships may serve as collateral for loansIndia is poised to allow large ships as loan collateral, aiming to ease financing for its maritime industry. This move, coupled with the pr...
40% expect India's exports to fall amid a stumbling blockHigh interest rates are a major issue for Indian exporters. Three-fourths borrow at over 12 per cent. A survey shows 40 per cent exporters ...
Centre moots NBFC under Sagarmala to tide over shipping woesThe shipping ministry planned to launch a non-banking finance company under the Sagarmala initiative to address the financing needs of the ...
Ship leasing in GIFT city to get a boost from variable capital company structure proposalThe central government's upcoming ship owning and leasing entity is set to gain from new permits for companies with a variable capital stru...
Shiprocket introduces revenue-based financing model for SMBs, aims to disburse funds worth Rs 100 croreIn its pilot phase, Shiprocket has already enabled around 150 SMBs with access to vital growth capital and disbursed more than Rs 35 crores...
Diamond companies, banks in a tussle as rupee dipsBanks fix the overall export credit in rupees. However, with a depreciating currency eating into the quantum of loans sanctioned by local b...
SBI Global Ed-Vantage education loan: Check features, interest rate, documents requiredAspiring students can avail loan amount in the range of Rs. 7.5 lakh- Rs 1.5 crore. SBI provides interest rate of 8.65% with a special 0.50...
Bank of India had lent Rs 23 crore to 2 Gupta companiesBank of Baroda, which plans to close operations in South Africa, is likely face a loss of Rs 120 crore this quarter if the Guptas fail to r...
JNPT raises $400 million dollar-denominated loan, other ports may follow suitJawaharlal Nehru Port Trust has signed an agreement to raise a dollar-denominated loan of $400 million, or about Rs 2,660 crore, at close t...
DCB Bank Q4 net rises 61 per cent to Rs 63 croreDCB Bank reported a 61 per cent jump in March quarter net at Rs 63 crore, helped by a deferred tax benefit and write-back in provisions for...
Banks agree to go soft on mining dependent loan defaultersParrikar chaired a meeting of officials from RBI and other banks which resolved "not to be harsh on the defaulters till March next year".
- Shipping cos’ margins to remain under pressure
Shipping companies will continue to face pressure on margins in the near future because of the substantial additional supplies coming in an...
- The poor must get access to financial services: Yunus
It is time to redesign the laws governing the financial services in India, so that they allow the poor class to access the financial servic...