“NPAs in Mudra are very small and that too is distributed among a large chunk of the masses. So, for us, Mudra financing is more
Category: RBI–Banks–NBFCs
LIC’s NPAs double to Rs 30,000 crore in 5 years; situation as bad as YES Bank, Axis Bank–Business Today
The state-owned insurance behemoth also lends to corporate sector by way of term loans and non-convertible debentures (NCDs) If you thought the Life Insurance Corporation (LIC) is
SBI Home loan | SBI buyer guarantee scheme: Few will be able to avail SBI’s new home finance ‘buyer guarantee’ scheme: Here’s why
he SBI loan finance scheme is also not applicable to all real estate projects financed by SBI. Early in January, the State Bank of India (SBI) introduced
ICICI Cardless cash withdrawal: ICICI Bank customers can withdraw cash at ATMs sans debit card. Here’s how
ICICI Bank, today, announced the launch of a ‘Cardless Cash Withdrawal’ facility from its ATMs. This service allows customers to withdraw cash from over 15,000 ATMs of the bank
Fund development of shovel-ready projects–Economic Times
It is welcome that the government is thinking of setting up new lending institutions for infrastructure projects. But where are the projects? We need projects
Not a substitute for a bond market–Economic Times
It is welcome that National Investment and Infrastructure Fund (NIIF) is set to launch a non-bank lending arm, Aseem Infrastructure Finance (AIFL). The move would
Uco Bank to on board fintech firms for borrowers’ input – The Economic Times
KOLKATA: State-owned Uco BankNSE -0.62 %, which has long been saddled with high bad loans, is planning to on-board new-age fintech firms for improving underwriting standards and credit
Lenders put cash flows of about 500 stressed companies’ under lens – The Economic Times
Indian banks have fast-tracked the process of roping in monitoring agencies to track last mile usage of bank loans to plug siphoning of bank funds.
As NBFCs battle liquidity crunch amid slowdown, these 4 measures could help – The Financial Express
According to the RBI data for FY19, the share of credit from Banks and NBFCs & HFCs was in the 70:30 ratio. With the financial
Bad loans swell at India shadow bank Altico | Deccan Herald
Bad loans probably ballooned last quarter at Altico Capital India Ltd., according to people familiar with the matter, a lender that’s seen as a barometer
$5 trillion economy target needs doubling of banking credit: SBI chairman | Business Standard News
State Bank of India (SBI) chairman Rajnish Kumar on Sunday said banking credit would need to be doubled from the current level if India were
From Indian Bank’s negligence to patent case, here are the key court orders | Business Standard News
In motor accident claims, even employed sons and married daughters can apply for compensation for the death of their working mother, the Supreme Court ruled in its
Bad loans provisioning must not be based on trite formula: Sunil Kanoria | Business Standard News
Sunil Kanoria From liquidity crisis in the NBFC sector to slowdown in the economy, in the last one year Srei Infrastructure weathered many crisis situations. Sunil Kanoria, vice-chairman
NPAs: Ways to deal with them | Deccan Herald
The non-performing assets (NPA) of the banks are mainly attributable to bad loans of banks. Most of these are white-collar crimes committed by the rich and
Slowdown halves PSU banks’ credit growth in six months; NPA alert for commercial banks – The Financial Express
Even after many PSU banks have been merged to make their operation smoother and economic, the NPA pressure still mounts on their balance sheet and
Uday Kotak feels bankers need humility to make it big – The Economic Times
Uday Kotak said that not only does he personally believe in these three values, he stresses on them even for the running of his company.
Unsecured consumer loans grow most, credit card dues at Rs 1L crore – The Economic Times
MUMBAI: Credit card balances and personal loans have recorded the highest growth rates as lenders expand the market, providing finance to those who had not
Bad loan: In rare move, India’s top bad-debt buyer eyes consumer loans–Economic Times
By Anurag Joshi and Saloni Shukla India’s massive pile of bad business debt has kept asset-reconstruction companies busy in recent years. But as signs emerge
MSME sector: Current NPA norms are absurd, highly counterproductive: Animesh Saxena, FISME President – The Economic Times
Exporters find it very difficult to enter into forward contracts due to prevailing uncertainty over the fate of MEIS scheme. Employing 40% of country’s workforce,
Cards not used for online payments to be disabled of service, says RBI | Deccan Herald
The Reserve Bank of India (RBI) has asked banks and card issuers across the country to disable online payment services of all those credit and
