loans

HappyLoans – A revolution in Credit Industry by Manish Khera

Finance - Manish Khera is a renowned entrepreneur, investor and a banker having more than two decades of rich experience in the finance domain. He has vast knowledge in micro-payments and microfinance and has been one of the key facilitators of financial Inclusion in the country across socio-economic segments. He has held several leadership roles s...

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6 Things You should know before availing a Personal Loan

Finance - Are you dreaming of owning a new car? Or perhaps you are in need of some extra money for your wedding? A personal loan is the exact solution to meet all your financial needs....

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Brief on Corporate Debt Restructuring

Finance - CDR Cover following cases - Multiple Banking accounts/Consortium Banking of Corporate Borrower engaged in type of activity with o/s fund based & non fund based limit of Rs 10 crores & above by banks and institutions. Initiative to resolve the case under CDR by at least 75% of creditors in value & 60% of creditors in quantity....

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Pointers for Handling Household Budgets after Marriage

Finance - If you’re getting married, you’re affirming your relationship with a legal union. This legality secures the bond between two people beyond whatever spiritual or emotional union they’re undertaking – it’s also joining them at the wallet. If you’re planning on getting married, you should have a discussion...

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RELATED PARTY TRANSACTIONS – Section 188 -Companies Act, 2013

Finance - Section 188 of the Companies Act, 2013 has been inserted in place of section 297 of the Companies Act, 1956. In previous law, it was mandatory to take Central Government approval for any transactions which was covered under section 297 of the Companies Act, 1956 where the paid up capital of the company was more than Rs. 1 cr. ...

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Education Loan – Eligibility Criteria for interest subsidy

Finance - Students whose parental income is less than Rs. 4.5 lakhs per annum and are enrolled in recognized technical & professional courses, after class twelfth, in India are eligible under the scheme. Educational loans of such students disbursed from 1st April 2009, irrespective of date of sanction are eligible for interest subsidy. ...

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Some banks not monitoring use of loans- RBI

Finance - Even as India has been cited as an example of prudential banking norms, the Reserve Bank of India (RBI) today said some lenders are not monitoring effectively use of loans by borrowers, which is facilitating diversion of funds. This came to light whe...

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RBI advises banks to disclose all charges in loan application forms

Finance - The Reserve Bank of India (RBI) has once again advised banks and financial institutions to ensure that all information relating to charges or fees for processing of loans should be disclosed in the loan application forms. This is applicable to all lo...

Read More

Interest subsidy on education loan to student from weaker section

Finance - Ministry of Human Resource Development has proposed to introduce a scheme for full interest subsidy during the period of moratorium on loans taken by students belonging to economically weaker sections from the banks under the Education Loan Scheme of the Indian Banks’ Association (IBA) for pursuing any of the approved courses of studies...

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KPMG to represent banks who lent money to Dubai World

Finance - British newspaper The Independent reported that the banks include HSBC, Royal Bank of Scotland, Lloyds Banking Group, and Standard Chartered. The banks' total loans to Dubai World exceeds US$ 30 billion. ...

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Income from trading of shares will be speculative business within meaning of provision of Explanation to section 73

ITO Vs. Ethno Financial Research Pvt. Ltd. (ITAT Delhi) - The provisions of Explanation to section 73 do not distinguish between the transaction of trading in shares on actual delivery or without delivery basis. Admittedly the assessee does not fall under any of the exceptions provided in the Explanation and hence, the purchase and sale of shares traded du...

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Allowability of interest on borrowed funds advanced to subsidiary company

Industrial Cables (India) Ltd. Vs Addl. CIT (ITAT Chandigarh) - We have considered the, rival submissions, perused the material on record. In the instant case, rehabilitation scheme was sanctioned by the BIFR on 05.07.2001, A copy of the summary record of the proceedings of the hearing held on 5.7.2001 before BIFR- have been placed in the Paper Book. It has been...

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Proceedings u/s. 147 / 148 do not set aside original proceedings

Jay Bharat Maruti Ltd. Vs. CIT (Delhi High Court) - 8.3 It cannot be disputed and it is not the case of either side that the reasons extracted hereinabove did not precede the issuance of notice under Section 148(1) of the Act. The requirement for recordal of reasons by the Assessing Officer before issuing a notice is provided for under sub-section (2...

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RBI Circular to RBs – Priority Sector Lending Categorisation of activities under service under the MSMED Act, 2006

RBI/2009-10/178, RPCD.CO RRB.No. 29 /03.05.33/2009- 10 - (06/10/2009) - In terms of paragraphs 2.1.1 and 2.1.2 of Section I of the guidelines on lending to priority sector enclosed to circular RPCD.No.RRB. BC.20/ 03.05.33/2007- 08 dated August 22, 2007, credit to small enterprises includes loans granted to micro and small (manufacturing and service) enterprises, provide...

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Recent Posts in "loans"

HappyLoans – A revolution in Credit Industry by Manish Khera

Manish Khera is a renowned entrepreneur, investor and a banker having more than two decades of rich experience in the finance domain. He has vast knowledge in micro-payments and microfinance and has been one of the key facilitators of financial Inclusion in the country across socio-economic segments. He has held several leadership roles s...

Read More
Posted Under: Finance |

6 Things You should know before availing a Personal Loan

Are you dreaming of owning a new car? Or perhaps you are in need of some extra money for your wedding? A personal loan is the exact solution to meet all your financial needs....

Read More

Brief on Corporate Debt Restructuring

CDR Cover following cases - Multiple Banking accounts/Consortium Banking of Corporate Borrower engaged in type of activity with o/s fund based & non fund based limit of Rs 10 crores & above by banks and institutions. Initiative to resolve the case under CDR by at least 75% of creditors in value & 60% of creditors in quantity....

Read More
Posted Under: Finance |

Pointers for Handling Household Budgets after Marriage

If you’re getting married, you’re affirming your relationship with a legal union. This legality secures the bond between two people beyond whatever spiritual or emotional union they’re undertaking – it’s also joining them at the wallet. If you’re planning on getting married, you should have a discussion...

Read More
Posted Under: Finance |

RELATED PARTY TRANSACTIONS – Section 188 -Companies Act, 2013

Section 188 of the Companies Act, 2013 has been inserted in place of section 297 of the Companies Act, 1956. In previous law, it was mandatory to take Central Government approval for any transactions which was covered under section 297 of the Companies Act, 1956 where the paid up capital of the company was more than Rs. 1 cr. ...

Read More
Posted Under: Finance |

Education Loan – Eligibility Criteria for interest subsidy

Students whose parental income is less than Rs. 4.5 lakhs per annum and are enrolled in recognized technical & professional courses, after class twelfth, in India are eligible under the scheme. Educational loans of such students disbursed from 1st April 2009, irrespective of date of sanction are eligible for interest subsidy. ...

Read More
Posted Under: Finance | ,

Some banks not monitoring use of loans- RBI

Even as India has been cited as an example of prudential banking norms, the Reserve Bank of India (RBI) today said some lenders are not monitoring effectively use of loans by borrowers, which is facilitating diversion of funds. This came to light whe...

Read More
Posted Under: Finance |

RBI advises banks to disclose all charges in loan application forms

The Reserve Bank of India (RBI) has once again advised banks and financial institutions to ensure that all information relating to charges or fees for processing of loans should be disclosed in the loan application forms. This is applicable to all lo...

Read More
Posted Under: Finance | , ,

Income from trading of shares will be speculative business within meaning of provision of Explanation to section 73

ITO Vs. Ethno Financial Research Pvt. Ltd. (ITAT Delhi)

The provisions of Explanation to section 73 do not distinguish between the transaction of trading in shares on actual delivery or without delivery basis. Admittedly the assessee does not fall under any of the exceptions provided in the Explanation and hence, the purchase and sale of shares traded during the year under consideration is in ...

Read More

Interest subsidy on education loan to student from weaker section

Ministry of Human Resource Development has proposed to introduce a scheme for full interest subsidy during the period of moratorium on loans taken by students belonging to economically weaker sections from the banks under the Education Loan Scheme of the Indian Banks’ Association (IBA) for pursuing any of the approved courses of studies...

Read More
Posted Under: Finance |
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