Retail Loans

Bank posts Rs 604 crore Q1FY26 profit amid higher provisions, declining microfinance asset quality, and subdued core and non-core income

Indian Bank reports a 24% increase in Q1 net profit, alongside improvements in asset quality, NPA reduction, and robust growth in key financial metrics

State-owned Bank of Maharashtra (BoM) has announced reduction in lending rate linked to repo rate by 25 basis points in line with the Reserve Bank's key policy rate. The bank's repo-linked lending rate (RLLR) has now been reduced from 9.05 per cent to 8.80 per cent, BoM said in a statement on Monday. The Reserve Bank of India (RBI) on Wednesday slashed key interest rates by 25 basis points for the second time in a row to support growth facing the threat of reciprocal tariffs by the US. The reduced rates will make loans more affordable and enhance the financial well-being of its customers, it said. Since all retail loans offered by the bank are linked to the RLLR, this reduction would benefit customers availing home, car, education, gold and all other retail loan products, it said. The home loan offered by the bank would start from 7.85 per cent per annum while car loans will be priced from 8.20 per cent per annum, which are among the lowest in the banking industry, it ...

State-owned Bank of Maharashtra (BoM) has cut interest rate by 25 basis points on retail loans, including home and car loans in line with reduction in repo rate by RBI. After a gap of 5 years, RBI reduced the repo rate, the rate at which banks borrow from the central bank, by 25 basis points to 6.25 per cent on February 7. Following this, the benchmark rate for home loan has been reduced to 8.10 per cent, one of the lowest in the banking industry, BoM said in a statement on Sunday. At the same time, it said, car loan came down to 8.45 per cent per annum. Similarly, education and other loans linked with Repo Linked Lending Rate (RLLR) has also been reduced by 25 basis points. The bank has already waived processing fees on home and car loans, it said, adding, this dual benefit of reduced interest rates and waiver of processing fees reflects the bank's commitment to offer best financing solutions to all its customers and help them fulfil their dreams. Meanwhile, the Pune-based lende

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The RBI last week increased the risk weights, or the capital that banks need to set aside for every loan disbursed, for banks and NBFCs by 25 percentage points to 125% on retail loans

Shares of RBL Bank slipped 9 per cent to Rs 230.555, while those of SBI Cards and Payment Services plunged 7 per cent to Rs 720.40 in intraday trade

In services, commercial realty offtake showed a rising offtake with 8.6 per cent YTD growth in H1FY24. Transport operators saw the same with 8.9 per cent YTD growth

As regulated entities expand the retail portfolio and tap the new-to-credit segment, more through unsecured loans and with less-than-ideal emphasis on credit histories, delinquencies could rise

Banks for many years have been riding on the retail book as corporate demand still remains anemic

UBS has turned "neutral" on the banking sector and sees a higher probability of regulatory tightening on unsecured loans

As policy interest rates rise, lenders pass on the burden to customers by either raising their monthly payments or increasing the tenor of their loan

It added that the repo rate is expected to remain at current levels until late in FY24

In the September quarter, the company's retail book for the first time crossed Rs 50,000-crore milestone

IndusInd sees 19% credit growth in Q3; deposit growth outpaces loans for HDFC Bank, YES Bank

Retail loans, long considered a panacea for the banking system, may become a systemic risk, the Reserve Bank said on Tuesday. The central bank, however, was quick to add that it is well-equipped with its policy toolkit to handle any systemic risk that may arise. "Empirical evidence suggests that a build-up of concentration in retail loans may become a source of systemic risk," the RBI said in its trends and progress in banking report for FY22. It can be noted that in the recent past, banks which faced huge loan reverses on the large exposure front had switched focus towards the retail assets building front to avoid any major reverses in asset quality as done after the asset quality review. According to experts, the granularity of loans, coupled with the clearer sight of end use and better diligence and monitoring, given the progress on the credit information companies front, made retail a safer bet for banks all this while. The report said in recent years, Indian banks appear to

Analysts positive on stock, expect it to trade in the Rs 2,750-Rs 3,000 range

Its net interest income (NII) expanded by 29 per cent YoY to Rs 649 crore in the reporting quarter.

Retail loans grew by around 21.5 per cent YoY in Q1 and approximately 5 per cent on a sequential basis, HDFC Bank said