Page 19 - Loans

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

Bandhan Bank loans, deposits rise over 20% to Rs 99,374 cr in Q2FY23

Bandhan Bank on Saturday reported a 22 per cent jump in loans and advances at Rs 99,374 crore at end of September quarter 2022. The Bank's loans and advances were Rs 81,661 crore in the year-ago period. Total deposits of the private sector lender rose by 21 per cent to Rs 99,365 crore at end of September quarter 2022, as against Rs 81,898 crore a year ago. Of this, retail deposits were of Rs 73,660 crore, which was higher by 7 per cent from the year ago's Rs 68,787 crore. The retail deposit includes current account and savings account (CASA) of Rs 40,509 crore, up by 11 per cent from a year earlier. CASA ratio was at 40.8 per cent as of September 30, 2022. Bank's retail deposit formed 74 per cent of the total deposits. Bandhan Bank said its pan India collection efficiency, excluding non-performing assets and including restructured customers, was 97 per cent, up from 96 per cent at end of June 2022 quarter. The lender said the numbers mentioned as on September 30, 2022 are provi

Higher rates to hit real estate and infrastructure projects, say experts

Worried that the rising rates will hit new projects, CEOs said new loans will cost more this increasing the cost of projects

Loan provisioning in banks: RBI for expected loss-based approach

With low NPAs and high provisions, time ripe for global standards: Bankers

Banks unwilling to extend new credit to Voda Idea without promoter funding

Talks between Vodafone Idea Limited and its lenders to raise Rs 10,000 crore in debt have been ongoing for more than 9 months

Share of industrial loans in bank credit on decline, personal loans up: RBI

The share of industrial loans in total credit has been gradually declining over the last decade while that of personal loans is on the rise, the Reserve Bank said on Wednesday. Both industrial and personal loans had nearly 27 per cent credit share each in March 2022, as per the 'Basic Statistical Return on Credit by Scheduled Commercial Banks (SCBs) in India March 2022' released by the RBI. Meanwhile, loans to the industrial sector recorded 4.7 per cent growth in 2021-22 after witnessing a decline in the previous year. Earlier this month, Finance Minister Nirmala Sitharaman nudged the corporate sector to increase investment in the manufacturing sector. The RBI further said as credit demand from the retail segment has become more distinct in recent years, the portion of small-sized loans is also going up steadily. The share of loans up to Rs one crore has surged to nearly 48 per cent in March 2022 from around 39 per cent five years ago, whereas the share of loans above Rs 10 crore