Page 9 - Loan

Cost-income ratio will come down for IDFC First, says CEO Vaidyanathan

Lender sees growth in new gold loan business and it is scaling up wealth management unit, he says

Talks planned for India to restructure $1.3 bn credit line to Sri Lanka

Standard & Poor's has downgraded Sri Lanka's long-term foreign currency sovereign credit rating to selective default

Control deficiencies in CV loans take a big toll on IndoStar Capital

Provisioning burden pegged at Rs 557-667 crore

IMF says it held 'fruitful' discussions with Sri Lanka on loan request

IMF on Saturday said that it held "fruitful technical discussions" with Sri Lankan authorities on the island nation's request for an IMF-supported loan program this week.

Future Enterprises defaults on Rs 2,911.51 cr loan repayments

Future Enterprise Ltd (FEL) has defaulted on repayment of Rs 2,911.51 crore of loans to its lenders, missing 30 days of review period. The company was required to pay an aggregate amount of Rs 2,911.51 crore between March 23 and March 31, 2022, to various consortium banks and lenders, a regulatory filing said. The Kishore Biyani-led Future group had a review period of 30 days as per the scheme of One Time Restructuring (OTR) for COVID-hit companies with its consortium of banks. "The Company was unable to discharge the above Obligations to Banks / Lenders under the review period of 30 days, as the Company was not able to complete the monetisation of the specified investments as contemplated in OTR Plan (as defined the said Agreement), on Due Dates," said a regulatory filing from FEL. The filing showed that it defaulted on payments on March 31. FEL's total financial Indebtedness of the listed entity including short-term and long-term debt is Rs 6,778.29 crore, the filing added. Ear

SBI raises $500 million through three-year syndicated loan at fine pricing

This is the first offshore Secured Overnight Financing Rate (SOFR)-linked loan by SBI through its IFSC Gift City Branch

HDFC Bank clocks 21% loan growth at Rs 13.69 trillion in FY22

The growth in advances was about 8.6% over Rs 12.60 trillion as of December 31, 2021, the bank informed BSE

Multi-crore Chinese loan app fraud and extortion racket busted, 8 held

In a major operation, Delhi Police have busted a multi-crore Chinese loan Application fraud and extortion racket and arrested eight people from different parts of the country, an official said

ICICI Bank eyes 40% growth in FY22 retail loan disbursement in Gujarat

Going forward, bank's expansion focus is on micro markets like textile hub and diamond market in Surat, ceramic market in Morbi, steel, metal and pharma in Ahmedabad and paper units in Vapi

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