Banks Borrowings

Banks, NBFCs roll out festival season offers to revive credit demand

Banks and NBFCs are launching festive offers including lower loan rates, cashback, EMI schemes and GST-linked benefits to tap rising demand ahead of Diwali

SBI Q1 results date, time, analysts expectations: All you need to know

SBI could report a largely flattish net profit growth in Q1FY26, where slippages could rise for the agri-sector but loan book may improve, or even outpace, industry growth.

Union Bank shares crack 6% after Q1 business update; details here

Union Bank of India shares fell 6 per cent after it reported a sequential decline in several key operational metrics for the June quarter

New project finance norms: Banks seek exemption for smaller loans

On June 19, the RBI announced the final norms for project finance, prescribing a one per cent general provision for all projects, as compared to 0.4 per cent now

Govt announces borrowings of Rs 8 trillion in the first half of FY26

The gross market borrowing of ₹8 trillion will be completed through 26 weekly auctions

Borrowing costs of Indian NBFCs to stay elevated in 2025, says Fitch

Manageable asset quality pressure points

India proposes merging regional rural banks to help them shore up capital

The planned mergers would result in one regional rural bank in each state, according to a banker

Microlenders under RBI lens for 'netting off' loans; all you need to know

During its FY24 annual inspection of banks and NBFCs, the RBI flagged concerns regarding the widespread use of 'netting off' in microfinance loans

Cong raises alarm as SBI decides to pick equity in debt-laden infra firm

Promoted by the Bhawanishankar H Sharma family, Mumbai based Supreme Infrastructure has been a loss-making company for a decade now.

The shift: Households turn net borrowers from banks, says BCG report

The report highlighted that unsecured lending as a proportion of GDP in India is as high as it is in the United States

Banks' borrowings in India crosses Rs 9 trillion-mark in July: RBI

Bank borrowing figures for July 26 were up 20% compared to the borrowing figures of Rs 7.75 trillion for April 5

SBI Q1 results: Net profit almost flat at Rs 17,035 crore; NPA at 2.21%

State Bank of India (SBI) on Saturday reported an almost flat standalone net profit at Rs 17,035 crore for the first quarter of the current financial year. The country's biggest lender had posted a net profit of Rs 16,884 crore in the April-June quarter of 2023-24. The bank's total income increased to Rs 1,22,688 crore in the first quarter against Rs 1,08,039 crore a year ago, SBI said in a regulatory filing. During the quarter, the bank earned an interest income of Rs 1,11,526 crore compared to Rs 95,975 crore in the year-ago period. The bank's gross non-performing assets (NPA) of the total advances declined to 2.21 per cent in the first quarter from 2.76 per cent at June-end last year. Similarly, its net NPAs also eased to 0.57 per cent in June 2024 from 0.71 per cent a year ago. On a consolidated basis, SBI's net profit rose marginally to Rs 19,325 crore against Rs 18,537 crore in the same quarter of the previous fiscal. At the same time, its total income increased to Rs 1,52

Indian banks' short-term debt increases to 12-year high on loan demand

Depositors in India have been saving less in banks as soaring equity markets and avenues such as mutual funds, insurance funds and pension funds lure them

As demand for electric vehicles dwindles, what are startups doing about it?

US EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand due to steep borrowing costs

RBI set to meet ARCs on May 17; may discuss borrowing, settlement process

At present, there are no regulatory mechanisms in place for such funding

Union Bank of India Q4 result: Net profit rises 18% on lower provisions

State-owned Union Bank of India on Saturday reported an 18.36 per cent growth in its consolidated net profit for the March quarter to Rs 3,328 crore, helped by lower provisions. For the fiscal 2023-24, the lender reported a consolidated net profit of Rs 13,797 crore against Rs 8,512 crore in the year-ago period. In the quarter under review, its standalone net profit increased to Rs 3,311 crore from Rs 2,782 crore a year ago. The core net interest income grew 14.38 per cent to Rs 9,437 crore on an 11.7 per cent growth in advances and widening of net interest margin to 3.10 per cent from 2.97 per cent in the year-ago period. Its managing director and chief executive A Manimekhalai told reporters that for FY25, it is aiming for a credit growth of 11-13 per cent and deposit growth to be between 9-11 per cent compared to 9.3 per cent in FY24. It, however, expects a fall in NIMs to 2.8-3 per cent, she said, adding that the targets will be reviewed midway through the year. The non-inter

Banks ready systems for capturing int'l credit card spends under LRS

Last year the government had announced that credit card spends in a foreign currency will be a part of LSR's annual limit of $2,50,000

Indian banks' margins set to fall, credit growth to moderate in FY25: S&P

MUMBAI (Reuters) - Funding conditions in India are likely to play a crucial role in constraining loan growth for many banks in the country, and credit expansion could moderate by 200 basis points in the next fiscal year, S&P Global Ratings said in note on Thursday.

The pros and cons of digital loan apps

Are the borrowers getting into a debt trap, without understanding the risks? Digital lending is still a grey area

Banks not spending IT budgets fully, says RBI Dy Guv Swaminathan J

Reversal of interest cycle to impact margins, profits