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State-run lenders have at least Rs 7.9 tn loans under moratorium

New Delhi, June 29 -- India's five largest state-run banks collectively have at least Rs.7.9 trillion of loans under moratorium, including loans that were stressed even before the coronavirus outbreak... Read More


MSMEs wary of extra credit from banks

Mumbai, June 29 -- Doubts about a demand recovery are prompting small businesses to avoid fresh loans despite a government-guaranteed liquidity programme of 3 lakh crore, bankers said. Even those MSME... Read More


Dhanlaxmi Bank chairman resigns 8 months before end of tenure

Mumbai, June 29 -- Kerala-based private sector lender Dhanlaxmi Bank said on Monday that Sanjeev Krishnan, part-time chairman and independent director has resigned from his role, with eight months of ... Read More


MSMEs wary of extra credit from banks

mumbai, June 29 -- Doubts about a demand recovery are prompting small businesses to avoid fresh loans despite a government-guaranteed liquidity programme of Rs.3 lakh crore, bankers said. Even those M... Read More


MSMEs wary of extra credit from banks, lenders in a spot

mumbai, June 29 -- Doubts about a demand recovery are prompting small businesses to avoid fresh loans despite a government-guaranteed liquidity programme of Rs.3 lakh crore, bankers said. Even those M... Read More


Small businesses shy away from extra credit despite easy availability

New Delhi, June 28 -- MUMBAISmall businesses mainly belonging to Micro Small and Medium Enterprises ( MSME) sector in India are not availing fresh loans, despite being given extra credit lines through... Read More


S&P cuts ratings of Axis, four NBFCs

Mumbai, June 27 -- S&P Global Ratings on Friday downgraded ratings of Axis Bank and four Indian non-bank financiers, citing worsening operating conditions as a result of the Covid-19 pandemic. Axis B... Read More


Axis Bank, Bajaj Finance ratings cut to junk

Mumbai, June 27 -- S &P Global Ratings on Friday downgraded ratings of Axis Bank and four Indian non-bank financiers, citing worsening operating conditions as a result of the covid-19 pandemic. Axis ... Read More


Panel sought levy on ATM withdrawals

Mumbai, June 26 -- A Reserve Bank of India (RBI) panel on ATM fees has recommended charging customers for every cash withdrawal above '5,000, a right to information (RTI) petition revealed. RBI is yet... Read More


At RBI, the bell curve is being seen as counterproductive

Mumba, June 26 -- There is disquiet in the Reserve Bank of India (RBI) ranks over the central bank's adopted promotion policies. The bone of contention is bell curve, a common statistical tool once us... Read More