Page 3 - Credit Risk

Morgan Stanley sees tipping point in carbon credits as prices sink

The voluntary carbon market (VCM) has been gripped by a steady stream of scandals, leading to wild price swings and even collapsing valuations

PSB Alliance enters supply chain financing, ties up with Veefin Solutions

The PSB Alliance, an entity floated by 12 public sector banks in 2022, is entering the supply chain financing to primarily help small businesses, and aims to tap 5 per cent of the total credit market. The overall bank credit rose 14.5 per cent on-year in the week ending July 28 to Rs 148.2 lakh crore. Of this, pure-play supply chain finance from banks is only around Rs 1 lakh crore and the alliance over the next 3-4 years seeks to increase to at least 5 per cent of the total system-wide bank credit. At the current volume of bank credit, the 5 per cent works out to be around Rs 7.5 lakh crore. The PSB Alliance is promoted by 12 state-run banks with each of them owning 8.33 per cent of the equity capital. It was set up with the objective of having a common IT and business process platform, the chief executive of the alliance Rajinder Mirakhur told reporters while announcing a strategic technical collaboration with a supply chain-focused fintech player Veefin Solutions led by Raja ...

Match upgraded credit card benefits with spending pattern, beware of costs

Threshold limit for waiving annual fee should not exceed spending capacity

Personal loans galore: Credit offtake to outpace deposit growth in FY24

CareEdge estimates the credit growth to be in the range of 13%-13.5% and deposit growth to be in the range of 10-10.5% during FY24.

The ECL model will not dent profits much: Karur Vysya Bank MD & CEO

We will test the waters, ferret out information through our business correspondents, and only then open a branch: B RAMESH BABU, Karur Vysya Bank MD & CEO

Banks seek one more year to prepare for ECL reporting on stressed assets

Banking regulator has indicated five-year glide path for shift to new system

Revamp of Credit Guarantee Scheme, limit on ceiling for guarantees enhanced

With a view to revamp the Credit Guarantee Scheme for Micro and Small Enterprises, Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE) issued guidelines regarding reduction of annual guarantee fee for loans upto Rs 1 crore from a peak rate of 2 per cent per annum to as low as 0.37 per cent per annum.

Banks' exposure to Adani group 'insufficient' to pose credit risk: Fitch

MUMBAI (Reuters) -The exposure of banks to the embattled Adani Group is 'insufficient in itself' to present a substantial risk to credit profiles of these lenders, Fitch Ratings said in a note.

Debt fund YTMs stabilise, but peak still a few basis points away

YTMs of all debt fund categories, except credit risk and overnight, in a narrow range of 6.3-7.3%

Sebi sets lower single-issuer limits for mutual fund debt schemes

Credit-risk rating based limits introduced for all new schemes; existing schemes to be grandfathered

Credit risk not being fairly priced in by banks, says SBI report

Credit demand at decadal highs and liquidity remains significantly downsized, says research

Can financial services be made bite-sized to deepen credit penetration?

Small can be more beautiful: Large-scale sachetisation of financial services may be just around the corner

Gap between slippage and recovery has narrowed: City Union Bank CEO

The bank's share closed at Rs 179.05 a piece on BSE, down 4.7% from its previous close while the broader Sensex was down 1.46%

Credit risk and reward: P2P offers returns but needs cautious investments

Limit your allocation to 5-10% of your fixed-income portfolio and stick to highly-rated borrowers

Financial creditors to Future Retail place claims worth Rs 21,000 cr

60% of such claims are from state-owned banks and other creditors, shows data on company's website

Fintechs seek 1 yr sunset clause on RBI's PPI issuer credit lines directive

Earlier this week, the RBI directed the non-bank prepaid payment instrument (PPI) issuers to stop providing credit lines on such PPI cards and asked them to stop the practice immediately

Moody's upgrades ICICI Bank, Axis Bank's baseline credit assessments

Affirms Baa3 deposit ratings of both Indian private sector lenders; outlook on ratings for both banks, where applicable, remains stable

MakeMyTrip partners with banks, NBFCs for 'book now pay later' option

The book now pay later (BNPL) payment has been introduced on bookings for travel, flight or hotels, on MakeMyTrip as well as on the Goibibo app

Russian tycoons now $8.3-billion richer as stock trading resumes

Scores of Russian billionaires got sanctioned by the EU and the UK after the Kremlin started its war against Ukraine

Credit risk funds once again back on investors' radar, shows data

After witnessing sharp outflows in 2020, credit risk funds are once again back on investor radar