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Banks craft loan recovery plans

mumbai, June 1 -- Banks and non-banking financial companies (NBFC) in India are mapping new strategies as they prepare for the challenge of recovering their retail loans amid widespread disruptions to... Read More


Banks, NBFCs step up loan collection drive

New Delhi, June 1 -- Banks and non-banking financial companies in India are mapping new strategies as they prepare for the challenge of recovering their retail loans amid widespread disruptions to hou... Read More


Banks, NBFCs gear up to tackle biggest loan collection exercise post lockdown

MUMBAI, May 31 -- Banks and non-banking financing companies (NBFCs) are looking at strategies to tackle the biggest loan collection challenge they will face in the coming months following the exit fro... Read More


68% of IDBI Bank loans under moratorium

New Delhi, May 30 -- IDBI Bank Ltd on Saturday said that it has 68% of the total loan book under the three month moratorium and expects customers who had availed the moratorium to seek an extension, a... Read More


RBI imposes Rs.4 crore penalty on Citibank

Mumbai, May 29 -- Reserve Bank of India (RBI) has imposed a penalty of Rs.4 crore on Citibank for non-compliance of no-objection certificate (NOC) norms at the time of opening current accounts. Accor... Read More


JPM's Morparia set to retire

New Delhi, May 28 -- Kalpana Morparia, chairman, South and South-East Asia, JPMorgan, has announced her desire to retire from the American bank, after more than a decade at the helm. She will stay on ... Read More


Covid relief: MSME loans under guarantee scheme will not be charged risk weight

MUMBAI, May 28 -- Loans given to micro, small and medium enterprises under the Rs.3 lakh crore government guarantee scheme of the Atmanirbhar Bharat Abhiyan package will not be charged any risk weight... Read More


Government stops issuing 7.75% savings bonds

New Delhi, May 27 -- The central government on Wednesday announced its decision to stop sale of its savings bonds that used to give 7.75% interest rate on a taxable basis. The 7.75% Government of Ind... Read More


Banks may need to raise $20 bn in additional capital: Credit Suisse

Mumbai, May 27 -- Indian banks may need to raise $20 billion in additional capital for increased provisioning over the next 12 months as credit quality weakens, Credit Suisse said in a report on Wedne... Read More


IDFC First bank sees pick up in consumer durable financing

MUMBAI, May 27 -- IDFC First Bank has witnessed a pick up in consumer durable fiinancing in parts of the country where lockdown curbs have eased. Speaking to Mint, V Vaidyanathan, managing director a... Read More