Tag: loan

Shriram Transport Finance stock up 9% post-clarification on SVL loan matter

Loknath Das

Shriram Transport Finance Corporation share price rebounded 9 percent after the company’s clarification note on SVL loan soothed investors’ sentiment. The stock had fallen 12 percent in previous session as investors had turned cautious of a guarantee of Rs 870 crore provided by the firm for its unlisted subsidiary. Shriram Transport Finance Corporation issued clarification note yesterday, saying SVL Limited, its promoters / promoter group, and its associates, have enough resources to honour the payment of this loan whenever due and payable has reassured the same. The company had given corporate…

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Education loan camp

Loknath Das

Various bank functioning in the district will conduct a special education loan camp at the Government Girls Higher Secondary School on December 28. A meeting of the bankers to discuss about the successful holding of the camp was held at the collectorate here recently. M. Asia Mariam, District Collector, presided over. The banks will receive loan applications from students who have completed Plus Two during the last academic year and are pursuing various courses in colleges, at the camp. After spot scrutiny, loans will be disbursed to all the deserving…

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Rising NPA in education loan propelling banks’ stress

Loknath Das

Rising NPA in education loan propelling banks’ stress New Delhi : Amid the ongoing crisis caused by increasing Non-Performing Assets (NPAs) in the banking sector, default payment in education loans is adding on to this, the data released by the Indian Banks’ Association (IBA) revealed. In the educational loans segment, the default in repayment has risen to 7.67 percent of the outstanding amount at March-end, 2017 from 5.7 percent two years ago. Further, the total outstanding education loan at end of the fiscal 2016-17 was Rs 67,678.5 crore, of which Rs…

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Denial of education loan repayment support: Convene meeting of bank authorities, Chennithala to govt

Loknath Das

Photo: mathrubhumi library. Thiruvananthapuram: Opposition leader Ramesh Chennithala on Thursday submitted a letter to chief minister Pinarayi Vijayan urging him to take initiative to resolve the issue of denial of financial aid announced by government to students who have taken education loan from erstwhile SBT. In the letter, Chennithala asked the CM to convene a meeting of SBI bank authorities urgently to solve the issue. Chennithala said that the present crisis happened not because of any lapse on the part of students. “The crisis happened due to the merger of…

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Property and premium finance boost Close Brothers loan book

Loknath Das

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. UK merchant bank Close Brothers Group posted a 1.4 per cent rise its loan book over the three months to 31 October, boosted by strong growth in its property and premium finance…

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Top 5 Mistakes to Avoid when Taking Loan for Buying Commercial Property

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Loans for Commercial Properties are large transactions that one needs to be vigilant about. They involve large sums of money and hidden terms and conditions that make it very easy for you to overlook them. Here are top 5 mistakes that you should avoid when taking a loan for the commercial property. Investing in commercial properties is usually a wise decision on your part. There could be many reasons for the purchase of the new property like a tax efficient pension plan or expansion of your business etc. A mistake…

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All that you need to know before deciding to take personal loan

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The discretionary aspect of personal loans increases its attraction. You can use the loan in the way you want without having o commit about it. The loan injects quick cash to your kitty and it is up to you how it can be used.  The loan comes most handy at times when you are inconvenienced by sudden need for extra money to meet some expenses that you had never expected at that time.  Usually medical emergencies catch people on the wrong foot and there can be many other reasons, too. …

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Graduates who fail to make student loan repayments should face arrest like New Zealanders, education expert suggests

subhadip

Graduates who move overseas and fail to repay their student loans after their studies should be arrested, suggests an education expert who has authored a report on what the UK can learn from New Zealand’s higher education sector. Sam Cannicott, former Regent’s University London employee who now works for Statistics New Zealand, described how New Zealand’s “no-nonsense approach” to collecting student loan repayments from graduates overseas highlights the “timidity of the steps taken in the UK.” He said: “Former students who fail to make repayments face arrest at the New Zealand border, which…

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