The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years.
Banks disbursed Rs 2.52 lakh crore of loans in October and Rs 2.39 lakh crore in November.
NCLT approved the resolution plan of Patanjali Ayurved to acquire debt-laden Ruchi Soya.
Commercial banks are unwilling to lend to these firms because of their high outstanding debt.
MSMEs contribute 6.11 pc to the manufacturing GDP, 24.63 pc to the GDP from service activities, and 33.4 pc to manufacturing output.
Availing loan without financial planning can have dire consequences on your financial health.
This is the seventh consecutive cut in lending rates by the bank this fiscal.
DHFL’s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors.
Overseas education continues to be an attractive proposition for undergraduate and postgraduate students.
A forensic audit by KPMG has reportedly found massive fund diversion by the promoters.