Page 21 - Loans

Payment aggregators to approach RBI regarding new digital lending rules

Under the new rules, the loans can go directly from regulated entities like banks to the customer accounts. This has eliminated the requirement of payment aggregators in these transactions

Capex loan disbursement to states may rise to Rs 70,000 cr by Q2 end

This is lower than Finance Minister Nirmala Sitharaman's expectation Rs 1 trillion would be released by end of September

Microfinance loans grow 24% YoY in Q1 of FY23; credit quality stable

Fund flow to the sector has improved but some smaller MFIs still find it difficult to access finance from banks

Union Cabinet enhances ECLGS corpus by Rs 50,000 crore to Rs 5 trn

The Union Cabinet on Wednesday approved raising the outlay of the Emergency Credit Line Guarantee Scheme (ECGLS) by Rs 50,000 crore to Rs 5 lakh crore and the additional amount will be earmarked for enterprises in the hospitality and related sectors. In the 2022-23 Union Budget, there was a proposal for raising the limit of ECLGS from Rs 4.5 lakh to Rs 5 lakh crore to help hospitality sector hit by the coronavirus pandemic. The hike in the amount has been made on account of the severe disruptions caused by the pandemic in the hospitality and related sectors, Information and Broadcasting Minister Anurag Singh Thakur said while briefing the media on various decision taken by the Cabinet. He said that loans worth around Rs 3.67 lakh crore have been sanctioned under ECLGS till August 5, 2022.

What is a letter of comfort?

The Reserve Bank of India recently disallowed the use of Letters of Comfort (LoC), which may impact loans worth Rs 35,000 crore. What is this letter of comfort? Let us find out

What is the 'Letter of Comfort' banned by the Reserve Bank of India?

The ban imposed by the RBI may impact loans worth Rs 35,000 crore, impacting power, healthcare, engineering & construction, and road sectors the most

Parents' income, child's record count in getting education loan: Experts

Students joining a professional course at a top-notch college will find it easier to get approval

Latest RBI survey shows household inflation expectations eased 80 bps

Households' 3-month, one-year inflation expectations fell 50 bps, 60 bps

PNB Housing may soon re-enter corporate loans: MD & CEO Hardayal Prasad

A Rs 2,500-crore rights issue in the pipeline and healthy CRAR may provide leeway to PNB Housing Finance to re-enter the high-yielding corporate loans that it stopped two years back

SBI Q1 preview: Treasury loss, subdued loan growth may cloud profitability

SBI Q1: Projections on the quantum of decline in net profit vary widely across brokerages as they see a sequential slide anywhere between 7 per cent and 51 per cent

Loan EMIs to rise as RBI increases repo rate by 50 bps to curb inflation

Several banks have already raised their borrowing rates and some will again increase their rates after this hike by the central bank.

TMS Ep230: Startups, Adar Poonawalla, Indian rupee, Encumbrance Certificate

Are Indian start-ups on a road to profitability? What is keeping Adar Poonawalla busy these days? Is the current strength in rupee sustainable? What is an Encumbrance Certificate? All answers here

What is the twin balance sheet problem?

In the mid-2000s, infra companies saw robust growth and their shares shot up. But as the loans piled up, banks found themselves in a tight spot. It was a twin balance sheet problem. Let's know more

Banks write off loans worth Rs 10 trn in last 5 years: MoS Finance

During 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 crore in the previous year, Minister of State for Finance Bhagwat K Karad said

HDFC Ltd net profit surges 22% YoY to Rs 3,668 crore in June quarter

It looks to raise $1.1 billion in external commercial borrowing

China banks rush to raise debt as slowdown hikes potential bad loans

A record amount of fresh money has come from financial markets in China, with banks selling 29% more bonds in the first half of the year compared to last year

Microfinance loan securitisation grows over two-fold YoY in Q1FY23

Better recoveries, adequate credit enhancements spark investor confidence

Explained: What is a credit score, why is it important & how to improve it

A credit score is among the first things a financial institution would check in order to sanction a loan

ICICI Bank Q1 preview: Analysts expect profit to rise 40-47% YoY, NII 21%

Analysts expect loan growth to be at 20 per cent YoY at Rs 887,600 crore, up from Rs 738,600 crore last year

Next pain point for the rupee: $79 billion of unhedged offshore loans

The nation's firms had $79 billion of unhedged offshore loans at the end of March, about 44% of their total overseas borrowings, according to the latest data from the Reserve Bank of India