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ECLGS repayment extension to benefit regional banks, lower their NPL recognition

The Government s decision to extend the period of repayment of loans disbursed under Emergency Credit Line Guarantee Scheme (ECLGS) 1.0 by another 12 months will come as a blessing for banks, particularly regional banks like City Union Bank, .

New delhiCity union bankKarur vysya bankEmergency credit line guarantee schemeKotak institutional equitiesSpecial mention accountsReserve bankபுதியது டெல்ஹிநகரம் தொழிற்சங்கம் வங்கிகரூர் விச்ய வங்கிஅவசரம் கடன் வரி உத்தரவாதம் திட்டம்கோட்டக் நிறுவன பங்குகள்சிறப்பு குறிப்பிடவும் கணக்குகள்இருப்பு வங்கி

Letters to the editor dated May 31, 2021 - The Hindu BusinessLine

Letters to the editor dated May 31, 2021 | Updated on Loan restructuring ‘PSBs following a templated approach to restructuring loans’ (May, 31) is a good move that would eliminate subjectivity and distortion from the process. Restructuring is normally extended only to deserving borrowers. However, in the present pandemic situation, the option is being provided to all borrowers, with an aggregate credit limit up to ₹25 crore, which were ‘standard assets’ as on March 31. With the option neither affecting the credit score of the borrowers nor entailing banks to make additional provisioning on the restructured assets, the exercise is made transparent. V Jayaraman Oxygen plants

Andhra pradeshTamil naduN sadhasiva reddyKaturu durga prasad raoAnna salaiEmergency credit line guarantee schemeHindu business lineKasturi buildingsஆந்திரா பிரதேஷ்தமிழ் நாடுஅண்ணா சலைஅவசரம் கடன் வரி உத்தரவாதம் திட்டம்இந்து வணிக வரிகஸ்தூரி கட்டிடங்கள்

Expanded scope of ECLGS, plight of mall operators, and SII s comforting words: Three things Teji Mandi investors should know on May 31, 2021

Expanded scope of ECLGS, plight of mall operators, and SII s comforting words: Three things Teji Mandi investors should know on May 31, 2021
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

Expanded scopeEmergency credit line guarantee schemeTeji mandiEclg schemeவிரிவாக்கப்பட்டது வாய்ப்புஅவசரம் கடன் வரி உத்தரவாதம் திட்டம்தேஜி மண்டி

Travel News - Govt extends ECLGS to aviation sector; industry players say decision to ease liquidity pressure

Govt extends ECLGS to aviation sector; industry players say decision to ease liquidity pressure The government on Sunday announced extending the Emergency Credit Line Guarantee Scheme (ECLGS) to the civil aviation sector, a move that is expected to provide a liquidity solace for the pandemic-hit segment. Civil Aviation Minister Hardeep Singh Puri said airlines, airports, air ambulances and airports can avail additional funding facility under the ECLGS which will help alleviate their âstressed cash flowsâ. Referring to the ECLGS 3.0 wherein aviation sector was included on Sunday, the Minister said that it can help civil aviation meet their working capital term loan and additional term loan needs. Industry players said the âtimelyâ decision to include the aviation sector under the ECLGS, which was announced in May last year, will ease the pressure and provide the much-needed liquidity.

Hardeep singh puriAnkur bhatiaAjay singhMinistry onCivil aviation ministryBird groupEmergency credit line guarantee schemeAviation minister hardeep singh puriFinance ministryCivil aviation ministerSpicejet chairmanManaging director ajay singhGroup executive director ankur bhatiaTravelbiz monitorIndian tourism newsTourist destination news

Rs 3 lakh crore loan guarantee scheme expanded to help small businesses recover from second Covid shock

According to the proposal, the Central government may look at permitting small businesses to borrow an extra 30 per cent of their credit limit. This is a sizeable bump-up from the 20 per cent announced last year.

Emergency credit line guarantee schemeCivil aviationSmall businessesIndian economyIndia gdpஅவசரம் கடன் வரி உத்தரவாதம் திட்டம்சிவில் விமான போக்குவரத்துசிறிய வணிகங்கள்இந்தியன் பொருளாதாரம்இந்தியா ஜீடீபீ