Page 606 - Finance News

Why the three-month moratorium on your home loan EMI may not be a good idea

Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date

Covid19: Banks, NBFCs to see increase in stressed assets in FY21, says Icra

The spike in reported non-perfoming assets (NPAs) would be reflected over the next few quarters, rating agency Icra said

We are well capitalised, depositors need not worry: Karnataka Bank

We have been consistently maintaining CRAR above the minimum prescribed by the RBI as well as the bank's internal policy, Managing Director and CEO Mahabaleshwara M S said

Covid-19 relief: HDFC Bank releases FAQ on deferred EMIs and its impact

Here is an FAQ by HDFC Bank, explaining how the stipulation by RBI will impact its customers

Covid-19 relief: SBI relaxes payment timeline for one time settlement

The bank said it would not charge any interest on the amount for this extended period

Covid-19 relief: You can defer 3 EMIs but that may be a very costly option

SBI informed customers that in some cases, deferring 3 EMIs on a home loan may force the borrower to pay 8 more EMIs

RBI moratorium on term and working capital loans may hurt business

Corporates may end up paying four months interest on their loans together.

Most private banks choose 'opt-in' option on loan repayment moratorium

Largest private sector lender HDFC Bank said it would encourage customers with adequate funds to continue repayments to avoid the extra interest charges and tenor extension of the loan

EMI moratorium: No big gains for borrowers, banks to charge interest later

Experts feel that the three-month moratorium on repayment on loans to help people fight the impact of coronavirus seems to be benefiting banks rather than borrowers

Indian Bank allots 520.5 mn shares to Allahabad Bank shareholders

The bank is in the process of filing listing applications with the stock exchanges

Merger of 10 PSU banks into 4 effective from today; 6 banks cease to exist

Experts said merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence

IDBI Bank grants moratorium on term loans amid Covid-19 disruption

The lender has sent a communication to its customers that they were being offered a moratorium.

RBI Moratorium: NBFCs stare at asset liability management challenges

Managing liability outflows will be a tightrope walk for NBFCs in the near term

Non-food loan growth pace decelerates to 7.3% in February 2020 from 13.2%

Bankers said the tepid credit off-take was reflection of elongated economic slowdown and demand

Coronavirus outbreak: Consolidation in PSB space now a reality

Each of the amalgamated entities with scale and national reach would have a business of over Rs 8 trillion.

Bank mergers: Allahabad Bank branches are now Indian Bank branches

Effective April 1, Allahabad Bank will merge with Indian Bank, creating an entity with over 6,000 branches, 4,800 ATMs, 43,000 employees, 120 million customers and business mix of Rs 8 trillion

Govt extends term of RBI Deputy Governor B P Kanungo by one year

The apex bank has four deputy governors. Other three are N S Vishwanathan, M K Jain and Michael Debabrata Patra

IndusInd Bank updates analysts on coronavirus impact, bad loans scenario

The bank said credit costs likely to rise by 200-210 bps, targeting 60% provision cover, deposits down by 10-11% in March quarter

Union Bank of India reduces lending rates by 75 bps in line with RBI cut

The new rate will be applicable for all floating-rate personal or retail loans (such as housing and automobiles) and floating-rate loans to micro, small and medium enterprises

Ensure enough cash to meet cash demand post salary transfers: Govt to banks

Banks are expecting a huge number of footfalls due to expected disbursement in Jan Dhan accounts, women beneficiaries, pension accounts and PM Kisan beneficiaries, among others