Page 8 - Indian Lenders

Revised inter-creditor pacts may do away with need for 66% lenders' nod

Banks will be able to customise ICAs in accordance with their needs even as more financial stakeholders are on-boarded, including those with foreign currency exposures

Extension of moratorium may lead to credit indiscipline, say bankers

A senior State Bank of India executive said the moratorium is apt for small and medium enterprises whose cash flows have been impacted severely

Covid-19 impact: Loss of fee income likely to add to lenders' woes

Muted lending and subdued cross-selling amidst extended lockdown to hurt fee income and earnings

April 20 plan: Govt to meet with lenders on revival of economic activity

Action plan will have two phases: one for lockdown period when the economy activities resume, from April 20 to May 3, and the second after the lockdown period is over

Lenders can now transfer stuck BOT projects to other developers

This move will draw a fine line of functional balance of public-private partnership for development of highway infrastructure in the country

Frauds reported in H1 rise to Rs 1.13 trillion, 97% happened earlier

Also, during the first half of FY20, banks reported 398 cases of large-value frauds (above Rs 50 crore) worth Rs 1.05 trillion and 21 cases of frauds above Rs 1,000 cr, worth a cumulative Rs 44,951 cr

Xiaomi Mi Credit app debuts with Rs 1 lakh lending limit on personal loans

Being an online marketplace for lenders, the Mi Credit app debuts with support from Aditya Birla Finance Limited, Money View, EarlySalary, Zestmoney and CreditVidya

195 firms owe Rs 13 trillion to lenders, borrowings exceed market-cap

These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt

Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch

As sales falter, banks tighten lending norms for auto dealers

Neither India's billionaires nor the poor can escape shadow lender woes

The problems started late last year following shock defaults at shadow lender IL&FS group

Action on banknotes provides a boon to struggling Indian lenders

Lower lending rates have long been seen as a needed boost to India's economy, which grew at a 15-month low in the April-June quarter