Page 5 - Lending

Delisting of lending apps will be an ongoing process on Google Play Store

Verification involves manual interventions that can be quite complex

IFC MD Diop meets FM Sitharaman, discusses lending opportunities in India

Finance Minister Nirmala Sitharaman on Monday met International Finance Corporation (IFC) Managing Director Makhtar Diop and discussed increasing lending opportunities in India. IFC is the private sector funding arm of the World Bank. She reiterated India's expectation of a rise in IFC's lending to India to USD 2-2.5 billion in the next 1-2 years and USD 3-3.5 billion in next 3-4 years, the finance ministry said in a series of tweets. "Mr @Diop_IFC shared the sentiment of IFC's expansion into India & stated that IFC would adopt a proactive approach to enhance #investment in India and extend financing to MSMEs to enable capacity building to supplement India's effort to become a manufacturing hub," another tweet said. He further emphasised the potential of looking into sub-national financing for sustainable growth, and mobilise financing for women entrepreneurs.

Time to forge new bonds: Is corporate bond market at an inflection point?

Corporate bond issuance is looking impressive, but the market still has some distance to go before it can be considered deep

Infra lending gains traction, but may see gradual growth going forward

Lenders are waiting for clear demand patterns to emerge and policy stability, say analysts

Axis Bank ties up with PayNearby, aims to boost priority sector lending

Private lender's portfolio of rural loans was at Rs 58,800 cr at the end of the first quarter this financial year

Comply with digital lending norms for existing loans by Nov 30: RBI

Guidelines applicable to new and existing customers taking fresh loans

P2P lending: What's that?

Is it a liquid fund? Is it a fixed deposit? Is it a collective investment scheme?

Bank-NBFC co-lending model yet to take off as more tweaks may be needed

When the live-in arrangement between banks and NBFCs was flagged off on September 21, 2018, it was for co-origination

RBI guidelines may lead to high compliance cost for digital lending apps

Industry associations are likely to approach the RBI to weed out any interpretational ambiguity

Yubi ties up with U GRO Capital for co-lending and supply chain financing

Through this collaboration, the brands will provide MSMEs with financing of more than Rs 2,000 cr by March 2023

DeFi can't hold a candle to the centuries-old trust-based system hawala

Decentralized finance needs to give up on its techno-anarchist utopia, and get more real and centralized. Otherwise DeFi lending will enter annals of finance as failure where hawala has been success

Edtech company Byju's has to get $1.2-billion term loan rated by August

The company last year had exhausted its limit for corporate guarantees which are capped at $1 billion per year, primarily to fund acquisitions overseas

Sebi to join Account Aggregator ecosystem, says Chairperson Madhabi Buch

AA ecosystem is a UPI moment for the lending ecosystem as it will allow sharing of data seamlessly and fast and without the need for physical documents.

Fintech delinquency rates are not alarming: LenDenClub CEO Bhavin Patel

The government is focusing on certain sectors like, say, infrastructure, and you will have a boom as a result of this: Patel

Renegotiate home loan terms after borrower's death, say analysts

If heir provides guarantees, lender may ease repayment schedule

Govt sets Rs 1-trillion infrastructure lending target for DFI

An action plan is being prepared on making the newly set up DFI functional and operationalising the Rs 1-trillion target

NARCL to make binding offers to lenders by March 31, say bankers

NARCL is a public sector entity and will have to follow a competitive bidding process for these assets using the Swiss Challenge method.

Govt to extend loan scheme for building healthcare, medical infrastructure

Finance Secretary TV Somanathan said the scheme will be extended by another three months to June 2022.

Banks, financial institutions rush to raise funds as credit growth picks up

Overall credit growth for the current financial year may remain in single-digit in the current financial year, though there will be improvement as compared to 2020-21.

HDFC Bank aims to recoup credit card spend market share loss

Since August 2021, HDFC Bank's market share - in terms of spend - is down 170-basis points (bps).