Page 17 - Loans

'Banks not required to inform about rate change in floating plan': NCRDC

NCDRC said that the borrowers have already agreed to such fluctuations while executing loan agreements

Curb on securitising short-term maturity loans may hurt micro loan biz

Change required by the central bank could make a certain portion of loan books ineligible for securitisation

Hyderabad airport operator to raise Rs 1,250 crore to retire forex debt

To float AA-rated 10-year NCDs at a lower rate of interest than the 5.37% coupon on dollar-denominated senior secured notes due for repayment in April 2024

Google asks illegal loan apps in Africa to present license to operate

The move on Google's part was necessary to protect borrowers from rogue loan apps, many of which charge borrowers outrageous interest rates as well as operate against legal provisions.

60% in survey report personal data breach by their loan service provider

Four out of 10 in LocalCircles study point finger towards insurance providers or banks

Govt had no outstanding loans from RBI in Nov 11 week: Supplement release

The central government had no outstanding loans in the week earlier as well

6 in 10 Indians report data breach by loan service providers: Report

It is clear that people believe financial institutions are failing in their responsibility to protect their personal data

SBI expects 14%-15% corporate credit growth in FY23, says top executive

Speaking of weak deposit growth being seen across the banking system, Swaminathan said it would require banks to be watchful

Edelweiss to slash wholesale loan book to Rs 2,900 crore in 2 years

In a filing with BSE, the company said improved macro environment and sell-down capabilities were driving faster book reduction

Bharat Highways InvIT to raise Rs 3,000-crore through rupee-term loans

To retire debt of seven road projects that it will acquire

Go First plans to avail Rs 600 crore loan under ECLGS for its operations

Budget airline Go First plans to soon avail Rs 600 crore loan under the Emergency Credit Line Guarantee Scheme (ECLGS) for its operations amid rising air travel demand, according to a source. The source at the airline also said that promoters have infused around Rs 2,800 crore in the last 15 months which has helped the carrier tackle multiple headwinds, including due to the pandemic, travel curbs and higher fuel costs. To help the airline industry, which is on the recovery path after being significantly hit by the pandemic, the government, last month, modified the ECLGS by raising the limit of loan that can be availed by an entity to Rs 1,500 crore from Rs 400 crore earlier. The source said that so far, the airline has availed Rs 400 crore under the ECLGS. "We will be applying for Rs 600 crore under the ECLGS in the next few days. Banks like Central Bank, Bank of Baroda and IDBI are our lenders. We will be approaching them first to avail these funds," the source told PTI. Out of

The battle for deposits will intensify

The challenge before the banking system is how to keep the net interest margin healthy in a rising interest rate cycle

PNB Housing Finance's Q2 net profit rises 12% on improving margins

Its net interest income (NII) expanded by 29 per cent YoY to Rs 649 crore in the reporting quarter.

Private banks' net profit soars on healthy loan growth, higher margins

NIMs expanded as banks hiked rates on lending faster than those on deposits

Interest-free loans for 100K rural families of Rajasthan for non-agri work

The state government has set aside Rs 2,000 crore for the Rajasthan Rural Family Livelihood Loan Scheme.

Suzlon Energy looks to pare debt by Rs 583.5 crore after rights issue

Targets repaying remaining debt in eight years; Rs 1,200 crore opened on Tuesday

Ratings devoid of lenders detail should be treated as unrated exposure: RBI

Capital charge to be linked to risk weight for unrated lending

Paytm loan disbursals up 482% YoY in Q2, firm sees 'continued growth'

Festive season preparation drives business for digital payments company

Jhunjhunwala's firm Rare in talks with Barclays to prepay Rs 500 crore loan

The loan was used to fund the acquisition of Zydus Cadila's animal healthcare business in 2021

Reliance Industries, Jio in talks to raise funds through foreign loans

The loans, which are likely to have a five-year term, are anticipated to be priced 130-150 basis points higher than the Secured Overnight Financing Rate (SOFR), a benchmark rate used around the world