Page 16 - Bank Loans

Govt rings in Diwali, waives interest on interest for loans up to Rs 2 cr

Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme

Centre to ensure interest waiver benefits to small borrowers by Nov 2

Experts say provisioning requirements for banks may go up 20-50 per cent in Q2 due to SC standstill order

Banks need to use AI, machine learning for corporate lending: CEA

Indian banking sector needs to use emerging technologies such as Artificial Intelligence and machine learning for corporate loans, Chief Economic Advisor Krishnamurthy Subramanian said

Borrowers need fair rates, not just waiver

With portability, a large number of borrowers will move to a 1-2 percentage points lower rate and enjoy handsome savings

Simple interest accumulated during moratorium remains the bigger concern

Since simple interest keeps accumulating, your outstanding at the end of the moratorium will be higher than at the start

Centre to frame scheme to waive moratorium interest; SC to hear case today

Waiver may cost Centre Rs 5,000-7,000 crore

Need restructuring, not bankruptcy

Most stressed lenders should go into restructuring with the IBC being its bedrock

Biz optimism returning, economic recovery to be L-shaped: Axis Bank MD

He was quick to add that we are not completely out of the woods yet and a sustained recovery may take a few quarters

Loan recast of stressed assets comes with a higher cost: India Ratings

As per Ind-Ra's estimates, up to 7.7 per cent (Rs 8.4 trillion) of total bank credit in FY20

Banks sanction loans worth Rs 1.77 trn to 4.4 mn MSMEs under ECLGS scheme

The latest numbers on ECLGS, as released by the Finance Ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs)

Home, auto loan inquiry back to 2019 level, yet to reach pre-Covid mark

In home loans, inquiry volumes were at 112 per cent of July-August 2019 levels

HDFC Bank loan restructuring: Who is eligible, how to apply, what's the fee

Here are key details about HDFC's loan restructuring offer as published on its website

Troubled debt: Cracks emerge in India Inc's loan recast plans over ICAs

Private banks may prefer to make extra 20% provisioning and walk out

Lenders want govt to offer moratorium interest relief to borrowers

Waiver may cost banks Rs 10,000 cr, says IBA

Bank of Baroda ready for life beyond Covid, merger: MD & CEO Sanjiv Chadha

Despite the Covid-19 pandemic, Bank of Baroda (BoB) is confident of completing the amalgamation process by December 2020, ahead of the initial timeline of March 2021

NBFCs need access to credit history like banks, says Gunit Chadha

NBFCs don't have an equivalent body to represent their well-filtered voice with the regulators and government, says APAC Financial Services founder

Collections for pools of retail-loan receivables making a recovery

According to CRISIL Ratings, collections for pools of microfinance and commercial vehicle loan receivables (which had seen the sharpest drop after the lockdown), clawed back above 50 per cent in July

Guaranteed loans have multiplier effect

Government guarantee will help and restart businesses which will kickstart the virtuous circle of employment, consumption, and growth

SBI Card to enrol 'delinquent' customers in restructuring plans: MD

SBI Card is in the process of enrolling "delinquent" customers, who did not repay after the end of moratorium, in the RBI restructuring scheme or its own repayment plan to provide them more time for repayments, a top company official said. Due to the moratorium, a number of customers had not been paying for the first three months and the company treated them as standard accounts in line with the entire industry. However, since then, as the first moratorium ended, SBI Card made it a customer-led enrolment in the second moratorium in which a lot of customers did not enrol, SBI Card Managing Director & CEO Ashwini Kumar Tewari said. "Therefore, we had a large chunk of customers who came out of the moratorium. A lot of them paid up but many of them did not pay also. And these became what we call as more delinquent customers. "So with these delinquent customers, we are now working to enrol them either into the RBI restructuring scheme or our own repayment plans so that they get more ...

Govt sets up panel to study calls for giving interest relief on bank loans

Three-member committee led by Rajiv Mehrishi to measure impact on economy on the 'waiving of interest and waiving of interest'