Page 599 - Finance News

Public sector banks overtake private banks in fresh loan sanctions

Private sector lenders have been leading on this front for some time, mostly leveraging on retail credit.

Bank credit growth slumps to 5-decade low of 6.14% in FY20 over low demand

Bank advances growth in FY20 was the slowest since the fiscal ended March 1962, when loans had grown by 5.38 per cent

NBFCs to face liquidity crunch on lack of clarity on RBI moratorium: Crisil

RBI had announced a relief package which included a three-month moratorium on payment of all term loans outstanding as on March 1, 2020

Coronavirus impact: Credit growth likely to remain modest, says RBI

MPC report says better transmission of rates would remain priority

'Covid-19 hangs over future like spectre': RBI in Monetary Policy Report

While efforts are being mounted on a war footing to arrest its spread, Covid-19 would impact economic activity in India directly through domestic lockdown, the central bank has said

Bank of Baroda trims MCLRs by 0.15% across tenors; cuts term deposit rates

Among other tenors, the MCLRs from overnight to six month loans have been cut by 0.15 per cent each in the range of 7.40-7.85 per cent

Irdai rejects general insurers' call for blanket easing of solvency margins

However, it said specific cases would be considered on merit

Covid-19: Retail lending may not remain steady source of business for banks

Banks and finance companies may do more lending business in the retail segment on the digital platform

IDBI Bank plans to raise Rs 7,500 cr via rupee bond in current fiscal

The Board of Directors, at its meeting held on Wednesday, April 8, 2020, has approved the rupee bond borrowing limit of Rs 7,500 crore for FY 2020-21 to be borrowed in one or more tranches

RBI to examine buyback of outstanding amount of Rs 84,574 cr in AT-1 bonds

Could disallow retail investments directly and through MFs in the instrument

Irdai grants exemptions to merged banks on corporate agency matters

Irdai has said the acquiring bank can retain the existing certificate of registration (COR) to act as a corporate agent and surrender the COR's held by the acquired banks

Cash-strapped DHFL not to make any payment to lenders, bondholders

The Corporate Insolvency Resolution Process (CIRP) was initiated against the debt-ridden company as per the provisions of the Insolvency and Bankruptcy Code, 2016 with effect from December 3, 2019

NBFC-MFIs seek clarity from RBI on 3-month moratorium on loans

RBI seeks data on drawdowns, bank loans, exposure to NCDs and CPs

Covid-19 impact: Confusion over moratorium norms hit smaller MFIs hard

Many are worried about not being able to meet their loan obligations this month; several either have started defaulting or are about to

SBI reduces MCLR by 35 bps, cuts savings rate by 25 bps on all deposits

SBI rate cut: The savings rate has been reduced to 2.75 per cent from 3 per cent

Rush hour and tougher questions ahead for both Mint Road and banks

Piecemeal regulatory forbearance will not go far and tougher questions will be asked of both Mint Road and banks, reports Raghu Mohan

Coronavirus crisis to hit Indian, Chinese, Indonesian banks hard, says S&P

The credit cost, amounts set aside for bad and stressed loans, for the Indian banking system will rise to 2.8 per cent in 2020-21, from the previous estimate of 1.5 per cent, S&P said in a statement.

Kotak Mahindra Bank deposits grow 20% YoY to Rs 2.59 trillion in Q4

On a sequential basis, the deposit base has grown 12 per cent over December 2019

Covid-19: Amid economic slump, banks' credit costs, NPAs to rise in 2020

The report noted that an additional USD 300 billion spike in lenders' credit costs and a USD 600 billion increase in (NPAs) will occur in 2020 due to the adverse impact of coronavirus pandemic

Covid-19 relief: Staggered 180-day bad-loan breather on cards for banks

RBI may allow relaxation in delinquency period, go easy on additional collateral requirements