Page 103 - Abhijit Lele

Amtek Auto's lenders invoke personal guarantee of former promoter

The issue of personal guarantee of a corporate debtor under Insolvency and Bankruptcy Code has been challenged in various high courts

Canara Bank posts 28% fall in net profit at Rs 444 crore for Sept quarter

On a proforma basis, the bank had posted a net profit of Rs 616 crore in second quarter ended September 2019

Axis Bank well-placed to face downside risks due to tough conditions: S&P

Asset quality to be weaker than HDFC Bank

State Bank of India raises $1 billion from JBIC, other Japanese lenders

JBIC is a policy-based financial institution, wholly-owned by the Japanese government.

Gold loan assets of NBFCs expected to grow at 15-18% in current fiscal

The demand, especially from individuals for meeting urgent personal requirements and from micro enterprises for working capital to restart businesses, would propel gold loan growth

Covid-19: Mahindra Finance expects loan recast worth Rs 6,000 crore

Out of 1.6 million customers, 100,000-150,000 accounts are likely to come up for restructuring, according to the company

Govt's ex-gratia payment of interest on interest to cover 75% borrowers

The tab that the government will pick-up for such concession is estimated at about Rs 7,500 crore, according to CRISIL's analysis

Gold loan company Muthoot Finance to raise upto Rs 2,000 cr via debentures

The Secured NCDs proposed to be issued under this Issue have been rated "AA" by CRISIL and "AA" by ICRA

RBI's debt restructuring scheme sees few takers in corporate world: Banks

Under the scheme, borrowers' accounts will not be downgraded as sub-standard or 'non-performing' if their loans are restructured

IDBI Bank Q2 net profit at Rs 324 cr vs Rs 3,459 cr loss a year ago

Net interest income up 4% to Rs 1,695 cr, NIM improves by 37 bps to 2.7%

Centre borrows Rs 6,000 cr to compensate GST to 18 domains in first tranche

16 states, two UTs among beneficiaries; money raised at 5.19% interest rate; Centre to transfer Rs 6,000 crore to states on a weekly basis through this window

RBI fields FaQs on loan recast, clears air over OTR, loan against property

Says outstanding debt on date of invocation will be eligible for restructuring under regulatory scheme for borrowers facing financial stress due to Covid-19

Covid-19 impact: CRISIL downgrades Thomas Cook India's rating to A+

The ratings are a result of the pandemic weakening the company's business and financial risk profiles

Yield on 10-yr state govt bonds eases by 26 bps after RBI's intervention

The weighted average cut-off for the 10-year SDLs eased by a sharper 26 bps to 6.63 per cent on October 13, 2020 over the previous weekly auction

Blackstone refinances Rs 2,500-cr lease rental discounting loans with SBI

It will be one of the largest such LRD refinancing by a bank in commercial properties in recent years, said sources

Credit growth slows down to 5.14%, shows signs of pickup sequentially

The credit of commercial banks stood at Rs 97.68 trillion as on September 27, 2019

SBI biz at 80% of pre-Covid level, says new chairman Dinesh Kumar Khara

Khara's appointment as chairman of SBI was made official by the ministry of finance on Tuesday

SBI grew in size and stature under the leadership of Rajnish Kumar

Notably, since September 2017, gross net non-performing assets (NPAs) have fallen from Rs 1.86 trillion to Rs 1.3 trillion at the end of June 2020.

We can quickly come back to pre-Covid levels, says SBI's Rajnish Kumar

The morale of the staff and courage shown by those working in SBI have not been allowed to go down, said Kumar

Swift economic recovery key to limit loan losses for Indian banks: Fitch

Lenders face a tough operating environment in the near term, with a spike in stressed loans and write-offs due to the economic fallout of the coronavirus pandemic