Credit Issue

MSMEs upbeat about business growth, plan to increase workforce: Survey

Optimism more pronounced in manufacturing and comparatively sedate in trading: SIDBI report

How to improve your credit payment history, secure better financial terms

Use mobile apps or calendar reminders to ensure you pay your bills on time; automating loan payments will help too

India Inc to tap private credit to finance new projects, says PwC

Tax uncertainty is a big concern for PEs

Alternative credit platform BlackSoil raises Rs 100 cr via rights issue

Alternative credit platform BlackSoil on Monday said it has raised Rs 100 crore, from existing investors and promoters, through a rights issue. BlackSoil is backed by investors and family offices of Allcargo Logistics, Navneet Education, Mahavir Agency, and Mathew Cyriac-led Florintree Advisors. The company didn't disclose the ownership structure post the issue but said the latest funding round marks the fourth capital infusion within eight years, bringing its total equity raise to over Rs 250 crore. Additionally, it has secured debt financing of over Rs 1,700 crore from HNIs, banks and other NBFCs. BlackSoil provides customised alternative credit solutions to growth companies, financial institutions, Non-Banking Financial Companies (NBFCs) and Micro, Small and Medium Enterprises (MSMEs) across diverse sectors. BlackSoil has surpassed Rs 5,000 crore disbursement across 214 deals by December 2023. Its portfolio includes investments in high-growth businesses such as Ideaforge, Upsto

Retail loan origination moderates in Q2 as lenders tighten credit flow

The CMI is a comprehensive measure of data to analyse changes in credit market health, categorized under four pillars: demand, supply, consumer behaviour, and performance

J'Khand credit-deposit ratio at 45%, plan to increase it to 50% soon: SLBC

Concerned about Jharkhand's low credit-deposit ratio at 45 per cent, the state-level bankers' committee on Wednesday decided to take it to 50 per cent by the quarter ending September 2023 of the current fiscal. The SLBC was headed by Bank of India Managing Director and CEO Rajneesh Karnatak. "All banks are committed to the economic growth of Jharkhand...There is a plan for improving the CD ratio. This year, it has improved by 6 per cent on a year-on-year basis. There are individual credit plans for all the banks, including 12 per cent for the Bank of India (BoI)," Karnatak said. The credit-deposit ratio in the state was recorded at 45.07 per cent on March 31, 2023, as against 42.37 per cent by the end of the previous fiscal, registering an increase of 6.37 per cent. According to the RBI guidelines, the CD ratio can be much higher and can reach 77-78 per cent but the reason for the state's low credit to deposit proportion is "primarily due to absence of manufacturing here though ...

Trend shift? Bank deposits rise four times versus credit outflows

Credit rose by Rs 0.43 trillion to Rs 129.26 trillion and deposits grew by Rs 1.7 trillion to Rs 173.7 trillion in the reporting fortnight

RCapital lenders meet ends in stalemate over key challenge mechanism issue

CoC decides that all bidders, while submitting their resolution plans, will agree in writing to participate in the Challenge Mechanism in whatever form it is implemented by the lenders later

As rural demand weakens, FMCG distributors offer more credit to retailers

The frequency with which distributors procure stocks from companies has reduced

Credit to industry up 12.6% YoY in September; touches 100-month high

Apart from base effect, credit to industry got a big boost from MSMEs; among sectors, petroleum, gems & jewellery, engineering, iron & steel, and construction were key drivers

Crisil Ratings to start disclosing ESG impact on credit profiles

Crisil Ratings on Saturday said it will start disclosing the impact of environmental, social and governance (ESG) parameters separately when assigning credit ratings.

Credit losses set to decline for most Asia Pacific banks, says S&P

Credit losses are set to fall across most Asia Pacific banking systems over the next two years, S & P Global Ratings said on Tuesday.This is partly because targeted assistance to stretched borrowers will likely continue in many places until pandemic-related challenges substantially abate."Asia Pacific banks should safely avoid a 'cliff effect' even as extensive relief measures are progressively removed," said S & P Global Ratings credit analyst Sharad Jain.Moratoriums on loan repayments -- together with fiscal, monetary and policy support -- have helped cushion the blow to borrowers in Asia Pacific from the Covid-19 outbreak and containment measures.Repayment moratoriums have fallen to less than 5 per cent of system loans for a number of Asia Pacific countries compared with between 6 and 80 per cent at the height of pandemic.S & P forecast credit losses for the 12 larger banking systems in Asia-Pacific: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New ...

Small, medium NBFCs need better credit support, says Industry players

Though the government and RBI have taken steps to support the non-banking finance sector, small and medium-sized NBFCs continue to face challenges in getting access to credit

FM to discuss credit flow to NBFCs, businesses with banks on Monday

The FM will take stock of the credit sanction and disbursement by the banks since March 1, 2020, and the Covid-19-related emergency credit lines opened by the lenders

Slowdown woes: Trade credit insurance claims rise 38%, premiums jump 14%

The insurers feel that various initiatives taken by the government such as recapitalisation of PSBs and their mergers will boost the liquidity situation in the market