Page 16 - Bank Loans

Govt extends emergency credit line guarantee scheme till November 30

Earlier deadline was Oct 31, Under the scheme, 100% guarantee is provided by National Credit Guarantee Trustee Co for additional funding of Rs 3 trillion to borrowers

Home loan offers: Keep an eye on caveats before choosing a lender

They may be available only to those whose credit score exceeds a specified level or who buy insurance also

Regularise your accounts by the end of November

Borrowers must recommence regular repayments and ensure that they do not default on their loan obligations

When job loss wrecks your finances

Continue to pay your loan EMIs and insurance premiums for term and health policies (not investment-based policies) on time

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