Exclusive

Publication

Byline

Credit squeeze tightens as loan growth falls to 6% in Sep quarter

Mumbai, Nov. 15 -- The Indian economy continues to face a credit crunch as loan growth slowed to a low of 6% in the second quarter, which was last seen during demonetization, foreign brokerage firm Cr... Read More


Yes Bank faces fresh audit into complaints

Mumbai, Nov. 14 -- Yes Bank Ltd's statutory auditor, BSR & Co., has sought a fresh audit into whistle-blower complaints levelled against the bank and its founder Rana Kapoor after a special audit done... Read More


Yes Bank faces fresh audit into complaints by whistleblower

New Delhi, Nov. 13 -- Yes Bank Ltd's statutory auditor, BSR & Co., has sought a fresh audit into whistleblower complaints levelled against the bank and its founder Rana Kapoor after a special audit do... Read More


Credit crunch worsens as loan growth slows to 6% in Q2

New Delhi, Nov. 11 -- The Indian economy continues to face a credit crunch as loan growth slowed to a low of 6% in the second quarter, which was last seen during demonetization, foreign brokerage firm... Read More


Aditya Birla Capital Q2 net profit rises 37% to Rs.256 crore

Mumbai, Nov. 8 -- Aditya Birla Capital on Thursday reported lower-than-expected second quarter earnings due to the impact of deferred tax assets and higher credit costs. Consolidated net profit stood... Read More


Liquidity coverage ratio norms for NBFCs to take effect from next Dec

Mumbai, Nov. 8 -- Liquidity coverage ratio (LCR) norms for non-banking financial companies (NBFCs) will take effect on 1 December 2020, the Reserve Bank of India (RBI) said on Monday, extending its pr... Read More


Lenders may ask Reserve Bank to ease fraud classification norms

Mumbai, Nov. 8 -- Banks are considering asking the Reserve Bank of India (RBI) to ease classification norms for fraud-hit loan accounts, amid a surge in such cases in India. Banks currently set aside... Read More


HDFC, Axis seek one-time recast of loans for realtors

Mumbai, Nov. 7 -- Lenders should be allowed one-time restructuring of loans extended to some stalled real estate projects without having to mark them as non-performing assets (NPAs), said Deepak Parek... Read More


Lenders should be allowed to restructure real estate loans without NPA tag: Deepak Parekh

New Delhi, Nov. 6 -- A day after Finance Minister Nirmala Sitharaman spoke about reforms in the real estate sector, lenders call for government intervention for the ailing sector and sought approval f... Read More


Cap amount of retail and developer loans in 75:25 ratio: SBI chairman

New Delhi, Nov. 6 -- State Bank of India chairman Rajnish Kumar on Wednesday said that housing finance companies should behave like housing finance companies and should focus only on lending to indivi... Read More