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Total 63 results found. Search for
[ ECLGS ]
Results 1 to 21 of 63
Emergency credit line guarantee scheme extended till June 30
BusinessToday.In
March 31, 2021
ECLGS 3.0, which will cover the newly added service sectors, will involve extension of credit of up to 40 per cent of total credit outstanding across all lending institutions as on February 29, 2020.
SC to pronounce verdict on loan moratorium extension plea today
PTI
March 23, 2021
A bench headed by Justice Ashok Bhushan which had reserved its verdict on the batch of pleas on December 17, last year, will pronounce the judgement
HDFC Bank's MSME portfolio grew 30% to cross Rs 2 lakh cr-mark in Dec 2020
PTI
March 19, 2021
Our MSME lending is back to pre-pandemic levels, with loan book growing at 30 per cent year-on to Rs 2,01,758 crore as of the December 2020 quarter, said Sumant Rampal, senior executive vice-president, business banking and healthcare finance
Banks wrote off NPAs worth Rs 5.85 lakh crore in 3 years: Anurag Thakur
PTI
March 11, 2021
Thakur mentioned that as borrowers of written-off loans continue to be liable for repayment and the process of recovery of dues from the borrower in written-off loan accounts continues, write-off does not benefit the borrower
Banks sanction Rs 2.46 lakh cr loans to 92 lakh borrowers under ECLGS
PTI
March 10, 2021
Banks have sanctioned loans worth Rs 2.46 lakh crore under ECLGS, Union Minister of State for Finance Anurag Thakur told the Rajya Sabha
GoAir receives Rs 800 crore credit line from banks
BusinessToday.In
February 28, 2021
The loan was extended to GoAir under the Emergency Credit Line Guarantee Scheme (ECLGS) 2.0, which is a part of Atmanirbhar Bharat Package 3.0 announced on November 12, 2020
91 lakh guarantees issued under ECLGS till Jan 25: Nitin Gadkari tells RS
PTI
February 8, 2021
The government has announced several measures under Aatmanirbhar Bharat package to increase availability of credit to the MSME sector, added MSME Minister Nitin Gadkari
Only 5% mid, emerging corporates avail RBI's one-time restructuring: Ind-Ra
PTI
February 3, 2021
India Ratings and Research said only 5 per cent of its rated 450 issuers in the mid and emerging corporates (MEC) space had availed the RBI's financial restructuring facility available till December 31, 2020
Budget 2021: How govt's emergency credit line benefitted MSME sector
BusinessToday.In
February 1, 2021
Union Budget 2021 MSME sector expectations: As part of the Centre's ECLGS programme which is valid until March 21, 2021, the Centre has already sanctioned 71.3 per cent of the Rs 3 lakh crore emergency credit to the badly affected MSMEs and businesses as of January 8, 2021
Budget 2020, Covid-19 stimulus: How much did govt spend in FY21?
BusinessToday.In
February 1, 2021
Budget 2021: Between March and November last year, the central government announced three relief packages, cumulatively worth Rs 24.35 lakh crore
Rise in retail loans, corporate borrowings ramp up bank credit growth: CARE report
PTI
January 4, 2021
As compared to the year-ago period, the credit growth remained low, reflecting subdued demand and risk aversion in the banking system -- especially towards the corporate segment
Loan restructuring to save PSBs from 'shock' next year: DFS Secy Debasish Panda
PTI
December 26, 2020
Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Secretary Debasish Panda said
Centre mulls setting up bad bank among other options to improve banking sector: DEA Secretary
PTI
December 19, 2020
Tarun Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks
FM reviews Aatma Nirbhar Bharat package implementation; here's what numbers say
BusinessToday.In
December 13, 2020
The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1,45,619 crore to more than 89.29 lakh taxpayers between April 1 and December 8.
Sitharaman to start pre-budget talks from Dec 14
BusinessToday.In
December 13, 2020
In a tweet, the Ministry of Finance said: 'Finance minister Nirmala Sitharaman will be holding her 1st Pre- Budget consultations with top industrialists tomorrow, 14th Dec 2020, spread over morning and afternoon sessions'
RBI extends TLTRO facility to 26 sectors identified by Kamath Committee
BusinessToday.In
December 11, 2020
Under TLTRO, banks can invest in corporate bonds, commercial papers (CPs), and non-convertible debentures (NCDs) issued by the entities in specific sectors
Blanket interest waiver to cost banks Rs 6 lakh crore: Centre tells SC
PTI
December 8, 2020
A bench of Justices Ashok Bhushan, R S Reddy and M R Shah was informed by Solicitor General Tushar Mehta, appearing for the Centre, that this was one of the main reasons why waiver of interest was not even contemplated and only payment of instalments was deferred
North East, Bihar, UP best managed COVID-19; Rajasthan, Maharashtra, Himachal struggle to contain virus
Chitranjan Kumar
December 7, 2020
In terms of COVID management, North East, Bihar, Uttar Pradesh, Odisha, Jharkhand, Telangana, Tamil Nadu, Andhra Pradesh, Goa and Jammu & Kashmir were among top ten performing states, as per SBI report
ECLGS 2.0 can infuse over Rs 40,000 crore liquidity into stressed sectors: CRISIL
PTI
December 1, 2020
The possible over Rs 40,000-crore liquidity through the ECLGS 2.0 will be sufficient to help companies, including those hit by a sharp decline in cash flows because of the pandemic, to overcome liquidity pressures, says a Crisil report
ECLGS 2.0: Centre extends credit guarantee scheme to 27 distressed sectors
PTI
November 26, 2020
The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package
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