Page 6 - Lending

RBI announces revised rules for securitisation of standard assets

The Reserve Bank on Friday issued Master Direction on loan transfer, requiring banks and other lending institutions to have a comprehensive board-approved policy for such transactions.

Bank of India ties-up with MAS Financial Services for co-lending

State-owned Bank of India (BOI) on Tuesday said it has entered into a co-lending arrangement with MAS Financial Services for MSME loans. The tie-up comes on the occasion of the bank's 116th Foundation Day. Co-lending was introduced by the RBI to increase the credit flow to the unserved and underserved sector by utilising the nimble-footed NBFC coverage to the informal sector. BOI will leverage the reach of NBFC to build an MSME portfolio, Atanu Kumar Das, Managing Director & CEO, Bank of India said in a release. Celebrating Foundation Day across all its 10 national banking group (NBG) offices, 59 zonal offices, 5,084 domestic and 23 overseas branches, and 5,323 ATMs, Das expressed gratitude to all the stakeholders. The bank marked the special occasion by celebrating 'Azadi Ka Amrit Mahotsav' and pledged to continue serving the nation and its citizens. On the occasion, the bank unveiled various new schemes for farmers and undertook several initiatives, such as tree plantation, ...

Account Aggregator system can democratise credit, bolster lending ecosystem

An AA enables a free and instant exchange of financial data between FIUs and FIPs with the consent of customers

BharaPe enters P2P lending with '12% club', taps NBFCs to sell product

The '12% club' will allow consumers to not only earn up to 12% interest on the funds they invest but also borrow at an interest rate of 12%

BoB, U GRO Capital come together to launch co-lending platform 'Pratham'

Bank of Baroda and fintech platform U GRO Capital have launched a co-lending platform Pratham, under which Rs 1,000 crore loan will be disbursed to the MSME sector in the country.

Big banks expand share in corporate lending amid pandemic stress

The corporate banking space had started consolidating even before Covid, driven by the RBI's steps on opening current accounts of corporates and others.

Deutsche Bank India branches report 48% jump in net profit in FY21

The bank had reported a net profit of Rs 1,031 crore in the year-ago period.

Cash-driven informal credit market reaches $500 billion in India

While India has a highly under-penetrated formal credit market, it has a very large informal credit market.

Will co-lending in new avatar fly? It may, but not in a way it was imagined

One problem that is yet to be fully resolved is how to marry the low-cost funds of banks with the lower operational costs of NBFCs, and pass on the benefit to borrowers through a blended rate

RBI proposes to lift interest rate cap on microfinance institutions

Proposes debt-income cap; common rules for all micro-loan lenders

Personal loan growth boosted credit outflow in April: HDFC Securities

Growth in agricultural credit continued to accelerate

HFCs loan book to grow 8-10% in FY22, stress levels to stay elevated: Icra

While HFCs are expected to regain their profitability and growth trajectory in FY22, rising Covid-19 infections and localised lockdowns remain a concern area

Fall in gold prices may not significantly impact NBFC asset quality: Report

The recent fall in gold prices is unlikely to affect the asset quality of NBFCs lending against gold in a considerable manner: report

Mudra loan sanctions in FY21 drop 21% YoY to 2.7 trn as Covid-19 weighs

The pandemic impact and subsequent lockdown leading to closure of several small units, there are concerns that NPAs under the scheme may rise

Bajaj Finance: Signs of full-blown recovery aren't convincing enough

Pace of new customer addition up in Q4, though new loans acquired lags year-ago level

We will make haste, but slowly: SBFC Finance founder & CEO Aseem Dhru

Backed by the Singapore-based Clermont Group and Arpwood Partners, SBFC Finance wants to redefine the play in lending to micro-enterprises

Lender Muthoot Fincorp looks to close fiscal with 28% loan growth

Muthoot Fincorp is the flagship of the diversified Muthoot Pappachan Group

Why we need uniform micro loan regulations

The Election Commission must ban loan waiver poll promises by all political parties. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders

Affordable housing finance companies may grow at 12-15% in FY22: Report

The long-term growth outlook for affordable housing finance companies remains positive, says a report

NBFCs seek continued liquidity support in upcoming Union Budget

Non-banking finance companies expect the government to provide continued liquidity support by encouraging banks to lend more to the sector