Private lenders see tepid rise in loans in Q1

MUMBAI, July 7 -- Some of India's private sector lenders have witnessed a tepid rise in loans in the first quarter of FY21 on a sequential basis, with some reporting a decline between the March and th... Read More

Bajaj Finance says it may take more covid-19 provisions

New Delhi, July 6 -- Consumer durables financier Bajaj Finance Ltd on Monday said it may consider additional accelerated provisioning for covid-19 in the first quarter of FY21 to further strengthen it... Read More

Outstanding bank loans shrink in two weeks of June as demand slump continues

Mumbai, July 6 -- Signalling the continuation of risk-aversion by banks along with a lack in credit demand, outstanding bank loans have shrunk between 5 June and 19 June, showed data from the Reserve ... Read More

Edelweiss reports net loss of Rs.2,281.5 crore in Q4 on higher impairments

Mumbai, July 5 -- Edelweiss Financial Services Ltd on Saturday reported a consolidated net loss of Rs.2,281.5 crore in the three months to March 2020, owing to a jump in impairments recorded in the qu... Read More

Wary MSMEs wait for clarity, stay off loans

Mumbai, July 3 -- Doubts about a demand recovery are prompting small businesses to avoid fresh loans despite a governmentguaranteed liquidity programme of '3 trillion, bankers said. Even those micro, ... Read More

HDFC's Deepak Parekh once again pushes for one-time debt recast for developers

MUMBAI, July 3 -- Deepak Parekh, a doyen of India's banking and finance sector, has again suggested that the Reserve Bank of India (RBI) should permit a one-time debt recast of developer loans. In hi... Read More

Covid-19, moratorium hit loan recovery biz

Mumbai, July 3 -- Debt collectors in India have suddenly found themselves jobless, ironically at a time when lenders are grappling with rising cases of overdue loans, as the country's central bank has... Read More

Indian banks need at least $15 bn for tier-I norms: Fitch

Mumbai, July 3 -- Indian banks are likely to require at least $15 billion in fresh capital to meet a 10% weighted-average common equity tier 1 ratio under a moderate stress scenario, Fitch Ratings sai... Read More

Loans to MSMEs shrank 7.1%: RBI

mumbai, July 3 -- Loans outstanding to micro, small and medium enterprise (MSME) sector fell by Rs.34,627 crore during the nationwide lockdown, even as the government pushed banks to provide loans on ... Read More

RBI sets rules for liquidity scheme

mumbai, July 3 -- The Reserve Bank of India (RBI) on Wednesday laid down the eligibility criteria for non-bank financiers and mortgage lenders to utilise a special liquidity scheme that was approved b... Read More