Page 9 - Loan

What is a collateral loan?

HDFC has sanctioned home loans worth Rs 2 trillion in FY22 so far. But, have you ever wondered what are the types of loan that lenders offer and what are the inherent risks involved? Find out here

Micro loans disbursed by BFIL sans customers' consent: IndusInd Bank

The bank said audit firm Deloitte has submitted its report, according to which the loans were disbursed without the consent of customers due to the 'technical glitch'

NBFC biz to return to normal, FY23 loan growth pegged at 14%: India Ratings

These companies are likely to begin FY23 with sufficient capital buffers, stable margins and sizable on-balance sheet provisioning, while adequate system liquidity would aid funding

Bank of Baroda sees loan growth of 7-10% in FY22, to grow 10-12% in FY23

Bank of Baroda said it is on track to achieve a loan growth of 7-10 per cent in current financial year and expects advances to grow 10-12 per cent in financial year 2022-23, MD, CEO Sanjiv Chadha said

NTPC to raise $750 mn via ECB term loan for expansion in RE, coal mining

The loan shall be unsecured, without any guarantee or letter of comfort from Govt of India

Federal Bank Q3 advances up 12% YoY, top those of most other lenders

Its pace of loan book expansion was higher than the 7.3 per cent YoY growth shown by commercial banks in India as a group till middle of December 2021

MFIs may close FY22 with 12-15% loan growth as delinquencies fall: Report

The industry closed the first six months of the current fiscal with asset growth of only five per cent, rating agency ICRA NSE 0.06 % said in the report released on Wednesday.

NaBFID to start lending operations in Q1FY23, says Chairman K V Kamath

The DFI would have a chairman, two government nominees, and four whole-time directors, says Kamath

MFIs want Rs 3 lakh as loan cut-off to widen scope of eligible borrowers

If the RBI agrees to this suggestion, 50 million MFI customers will join the current net of 60 million and an outstanding portfolio of Rs 2.45 trillion

MSME lending platform LoanKuber raises Rs 13 cr in pre-Series A round

The company aims to grow its loan book to Rs 75 crore in the next 12 months

Exercise due diligence, avoid digital lenders that make borrowing too easy

The absence of due process-KYC, issuance of sanction letter and loan agreement-should act as red flags

Want low-interest loan this festive season? Need a credit score over 750

In fact, you should monitor your credit score regularly because if it is low, it will take time to improve it

Sri Lanka seeks $500 million loan from India for fuel purchase

The move came few days after energy minister Udaya Gammanpila warned that the current availability of fuel in the country can be guaranteed only till next January.

Gold loans firms' FY22 book to grow at 18-20% on tiny biz demand: Crisil

Working capital needs drive uptick in demand; gold loans taken by individuals support uptrend

Federal Bank records 10% loan growth in Q2

Private sector lender Federal Bank on Sunday said it has posted a 10 per cent growth in advances at Rs 1,37,309 crore for the second quarter ended September 30.

AIIB to extend $356 mn loan for Chennai Metro Rail expansion

Phase-2 of the project will ensure seamless multimodal transport across Chennai, with integrated access to suburban rail, bus stations and the main airport

Govt expands ECLGS coverage ahead of festive season, economic upturn

The ECLG scheme will now end on March 31, 2022 or till guarantees for Rs 4.5 trn are issued, whichever is earlier. However, loans under the scheme can be disbursed till June 30

NTPC invites offers for raising up to Rs 5,000 crore as rupee term loan

NTPC said the loan will be utilised towards capital expenditure for ongoing/new capacity addition programmes

HSBC profit more than doubles, loan-loss fears ebb as economies rebound

Encouraged by an economic rebound in Hong Kong and Britain, HSBC reinstated dividend payments, flagged higher payouts in future, and released $700 mn that was set aside as provisions

IDBI Bank expects its gross NPAs to come down to 15% by FY22-end

Growth in loan book and transfer of some bad assets to NARC will fuel the reduction in gross NPAs