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CREDIT LINE

ECLGS provides an incentive to banks and non-bank lenders to offer additional funding facility to small borrowers by providing them 100% guarantee for any losses suffered by the lenders due to any default.

Banks disburse 49% of loans approved under emergency credit guarantee scheme

1 min read . 07 Jul 2020

A nationwide lockdown, in place since 25 March, has brought economic activity to a near standstill, hitting businesses. (Photo: Mint)

PBSs sanctioned ₹5.95 trillion worth of loans during 1 Mar-8 May: Government

2 min read . 12 May 2020

Ola Money Postpaid that offers a 15 day credit line, is at present being used by more than 10% of the cab aggregator’s customers. Photo: Mint

Ola Money Postpaid to expand to all users soon

1 min read . 17 Jan 2019

The rating agencies will now need to specifically disclose the liquidity position of the company whose financial instrument like a bond is being rated. Photo: iStock

What the credit rating of a financial instrument signifies

2 min read . 26 Nov 2018

As part of the new cardless credit initiative, Flipkart will allow customers to sign up for a credit line, through a simple application process. Photo: Reuters

Flipkart launches cardless credit, may apply for NBFC license

2 min read . 20 Sep 2018

Credit offered through OptaCredit is typically in Rs1-2 lakh range for an average tenure of two years.

OptaCredit secures $4 million credit line from DMI Finance

2 min read . 22 Jan 2018

Ahead of the Brics summit, the New Development Bank (NDB) of the five nations has approved $1.4 billion loans for sustainable development projects in China, India and Russia. Photo: AP

Five banks of Brics nations sign pact for credit lines: report

1 min read . 02 Sep 2017

File photo. Sheikh Hasina’s visit, starting 7 April, is her first in seven years, according to India’s foreign ministry, and comes against the backdrop of a fresh surge in Islamic State-linked attacks across the country. Photo: AFP

As China looms large, India set to pledge new cash for Bangladesh

3 min read . 28 Mar 2017

Elon Musk surprised investors in October by saying Tesla didn’t need to raise equity or borrow money this quarter, when some analysts were saying it might soon need $2.5 billion to cover the entrepreneur’s ambitious plans. Photo: Reuters

Tesla boosts credit lines again to aid Elon Musk expansion

1 min read . 21 Dec 2016

MoneyTap has partnered with banks such as RBL Bank to facilitate credit line services. <br />

MoneyTap launches credit line app

1 min read . 28 Sep 2016

UB Group runs its overseas brewery business through Mendocino Brewing Company, which is owned by Mallya’s UB Group through a complex shareholding structure. Photo: Reuters<br />

Kingfisher Beer in more trouble as RBS plans to stop services in Europe

2 min read . 17 Apr 2016

Photo: AFP<br />

India raises Iran credit line to $450 million

1 min read . 06 Apr 2016

India will make a capital investment of $85.21 million and annual revenue expenditure of $22.95 million on a ten year lease following which the ownership of equipment will be transferred to Iran. Photo: Reuters<br />

India approves $150 million credit line for Iran’s Chabahar port

1 min read . 25 Feb 2016

Piramal Fund Management is fast emerging as one of the largest and most aggressive real estate investors, with loan book and equity investments worth `22,000 crore in the residential space alone. <br />

Piramal Fund plans Rs15,000 crore credit line

3 min read . 24 Feb 2016

Mongolia’s PM Chimediin Saikhanbileg (right) talks to India’s PM Narendra Modi as they attend a signing ceremony at the national parliament building in Ulan Bator. Photo: B. Rentsendorj/Reuters<br />

Modi in Mongolia: $1 billion credit line to finance Mongolia’s infrastructure

1 min read . 17 May 2015

A file photo of Sahara chief Subrata Roy. Photo: AFP <br />

Rescue plan for Sahara in doubt as BBVA denies loan

3 min read . 26 Mar 2015

India requires around `10 trillion of green energy investments, and the industry has been demanding cheaper loans to set up these projects. Photo: AP<br />

Centre looks at leveraging IIFCL credit line for green energy

4 min read . 14 Jan 2015

A member of the Republic of Fiji Military Forces presents a Tabua (whale’s tooth) to Indian Prime Minister Narendra Modi (left) during his official welcoming ceremony at Albert Park in Suva on Wednesday. Photo: AFP<br />

India extends $75 million credit line to Fiji

2 min read . 19 Nov 2014

Finance minister Arun Jaitley shakes hands with Britain’s finance minister George Osborne after the signing of a joint statement at North Block in New Delhi on Tuesday. Photo: PTI<br />

Britain offers £1 billion credit line for infrastructure projects in India

1 min read . 08 Jul 2014

A file photo of India’s external affairs minister Sushma Swaraj shaking hands with her French counterpart Laurent Fabius who is on a two-day visit to New Delhi. Photo: Reuters<br />

France proposes €1 billion credit line for India projects

1 min read . 01 Jul 2014

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