CDB lents $44 million to CSIQ Canadian Solar sought a $44 million loan from the China Development Bank to finance its project in China. It is a financing agreement for the construction of  a 30MW solar project in the western part of China. Canadian Solar aims at becoming the world leader in PV provider with over 50% […]

Axis Bank Ltd. Axis Bank Ltd. was formerly known as UTI Bank and was the first of the new private banks to have begun operations in 1994, when the Government of India allowed new private banks to be established. The Bank as on 31st December, 2011 is capitalized to the extent of Rs. 412.57 Crores […]

Muthoot Finance Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. As the business very well suggests, the company provides personal and business loans secured by gold jewellery, or Gold Loans. The company has a different marketing and lending policy where it lends primarily to individuals who possess gold […]

The Indian Finance Ministry has recently asked the Central Bank of India, the Reserve Bank to consider giving infrastructure status to the housing sector. The ministry has also asked to relax the provisioning norms in the sector so that banks can attract the potential buyers, to lend loans at attractive interest rates. This will boost the economic development […]

“If you suffer from small loans, you have a problem; but when you borrow alarmingly large sums, then it is the lender who will suffer a greater problem!” Simply put, this is the dangerous financial position of the US presently, undermining its continued ability to raise borrowings or to service them. If its debt bubble […]

Is student Loan really the cause of next financial crisis The question might seem a little absurd, but it’s worth taking a look. It is reported that over $120 Billion in Federal Student Loans is in default and thus it can be the reason for the next financial crisis globally. One question that has always […]