Page 598 - Finance News

Public sector banks sanctioned Rs 5.66 trn in loans during March-April: FM

During March-April 2020, PSBs sanctioned loans worth Rs 5.66 lakh cr for more than 41.81 lakh accounts

Microfinance institutions on a knife-edge with collections taking a big hit

With collections taking a big hit, microfinance institutions will be put through the wringer, reports Raghu Mohan

YES Bank posts Rs 4,766-crore pre-tax loss in Q4; gross NPAs at 16.8%

The lender had psoted a pre-tax loss of Rs 2,338.31 crore in the same quarter of previous financial year

Covid-19 impact: Loss of fee income likely to add to lenders' woes

Muted lending and subdued cross-selling amidst extended lockdown to hurt fee income and earnings

SBI to grant moratorium to NBFCs on case-by-case basis amid Covid-19 crisis

Considers 25 fresh credit proposals from shadow banks

Covid-19: PNB opens emergency credit line for MSMEs to enhance liquidity

There is a facility of standby line of credit for MSMEs as well as PNB COVID-19 Emergency Credit Facility (PNB-CECF), the bank said

Delinquency in credit card industry improved by 5 bps in 2019: Report

The outstanding portfolio of private banks in the credit card space has increased by 59 per cent year-on-year while other issuers saw a 20 per cent growth in 2019 over 2018.

Delinquencies in the credit card industry improved by 5 bps in 2019

Private banks put up a better show than other card financiers

Axis Bank's Q4 loss reflects rise in systemic risks in banking sector: S&P

Axis' credit costs for the quarter ended March 31, 2020 are higher than anticipated, but some of it is precautionary

Slowdown blues: Incremental credit flow drops 64% to Rs 6.04 trn in FY20

Economic slowdown hits activity, adding fuel to the fire

West Bengal's SLBC to increase rural loans from Rs 4400 cr to Rs 10000 cr

In addition, West Bengal will also request the Reserve Bank of India (RBI) to increase the additional credit limit to MSMEs, to 30 per cent from the existing 10 per cent.

Ind-AS increases provisioning pain for NBFCs amid Covid-19 pandemic

Covid-19 has led to lot of uncertainties including those pertaining to the income level of borrowers and hence, their loan repayment ability, savings habit, cash flow position of corporates

Covid-19 crisis: SBI's 10% term loan customers opt for moratorium on EMIs

Senior SBI executives said most of those seeking deferment are retail and micro and small enterprises and are hard-pressed for resources when earning and cash flows have almost dried up.

As banker it is my first job to be safe: IDFC First Bank CEO V Vaidyanathan

From now on, the system should open up systematically as people's financial cushions could vanish soon, he says

Covid-19 impact: Motor, health segments see decline in March premiums

The motor and health segments led the decline in premiums for the industry as the month saw premium fall by 9 per cent.

Allow restructuring of loans, ask raters not to downgrade: NBFCs to RBI

Mutual Funds say they didn't need to use their liquidity line fully

Covid-19 crisis: RBI may extend moratorium on bank loans by 90 more days

Suggestions from various quarters, including from Indian Banks' Association, have come for the further extension of moratorium and the RBI is actively considering them, according to sources.

More than 90% CKP Co-op Bank depositors to get back money, says RBI

The RBI cancelled the licence of CKP Co-op Bank on April 28, and notified the cancelletaion on its website on Saturday. There it also said that deposits up to Rs 5 lakh are guaranteed by the DICGC

BoB NPAs surge six-fold, Indian Bank sees four-times rise in 6 years: RTI

The number of NPA accounts rose from 2,08,035 as of March 31, 2014, to 6,17,306 as of December 2019

RBI guv Das chastises banks not doing enough on lending, NBFC liquidity

Relaxation likely on branch audit as Guv meets bankers