Bhartiya Samruddhi Finance, popularly known as Basix and the country's oldest known microfinance agency has approached banks to restructure Rs 800 crore of debt. The move comes barely a week after the

The loan, on expiry of the fixed-rate period, switches to floating rate at a margin of 200 bps over the then base rate. Fixed-cum-floating home loan schemes have been the flavour of this season. After

In order to facilitate its corporate customers who have been hit by dollar appreciation and slowdown, public sector bank - Indian Overseas Bank is planning to restructure the SME and corporate loans.

The textile manufacturers of the textile city of downstate Tirupur, who are reeling under debts due to high manufacturing costs and the shutdown of the dyeing industry, have approached the union

Banks' loan growth continues its southward journey, as loan growth on a year-on-year basis fell to 17.67 per cent as on this November 18, the lowest since May 2010. The Reserve Bank of India predicts

Slow economic activity, delays in project execution and rising interest rates may result in banks' credit growing at the slowest pace in eight years in the next financial year. While most bankers see

The European Central Bank is looking at extending the term of loans it offers banks to 2 or even 3 years to try to prevent the euro zone crisis precipitating a credit crunch that chokes the bloc's

India's biggest private lender ICICI Bank is open to buying loan portfolios of European banks, its chief executive said, as banks in the region look to deleverage and offload loans to shore up

Phoenix Mills Ltd is refinancing loans and selling office properties in its upcoming mixed-use projects. For, the company that runs the well-known shopping destination called High Street Phoenix in

Finance minister Pranab Mukherjee had approved the controversial decision taken by the Securities and Exchange Board of India (Sebi) to set aside a committee order on the National Securities