Corporate Loans

Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020.

Kumar said that not many borrowers were keen to take advantage of the scheme due to its cost implications

On aggregate basis, gross NPAs of 8 PSBs improve by 132 bps

Forty-two years later, Setty continues to collect on loans, albeit on a much larger scale.

PNB HFC is in talks with banks for offloading a part of corporate loan book, and expects to finalise the deal in next few weeks, said Neeraj Vyas, MD and CEO of the housing finance company.

Credit costs could touch Rs 2.7 trillion

A senior State Bank of India (SBI) executive said in the case of large corporates, where there is consortium and social banking, the decision will be taken in consultation with all the lenders.

Empirically, about 25 per cent of the vulnerable debt is likely to turn delinquent - resulting in additional Rs 2.54 trillion of delinquent debt

A more granular analysis of FY19 and FY18 credit data shows that of the 161 and 148 firms which fall in the 'very large accounts' category, 126 firms were common for both the years

He also said that the State Bank of India (SBI) is underutilising its loan sanction limits as there is not enough credit demand from the industry

On rate transmission by banks, Kumar said when interest rate moves downwards then everybody starts talking and when it goes upwards nobody talks about it

The cash squeeze in the nation's shadow banking industry, which lends to everyone from street vendors to property tycoons, shows few signs of abating

Of the Rs 2.52 trillion, Rs 1.06 trillion was disbursed towards new term loans, while Rs 46,800 crore was towards new working capital loans

According to June 2019 data, SBI witnessed 11.62 per cent year on year growth in the corporate loan book

Most of the assets picked up by ARCs are corporate loans

Secondary market will need to cross many hurdles

The six-member task force, headed by Canara Bank chairman TN Manoharan, was formed to examine the scope for developing a secondary market for corporate loans

The secondary loan market in India is largely restricted to sale to asset reconstruction companies and ad hoc sale to other lenders including banks

The task force would design the market structure for loan sales/auctions

And, he tells Opposition to first get the facts before talking about it