Page 23 - Loans

Creditors sue China Evergrande Group for $13 billion in claims

A Chinese court assigned to handle civil lawsuits against Evergrande accepted 367 cases

Micro-loan disbursement up 154.5% QoQ to to Rs 64,899 cr in Sept: MFIN

The number of loans disbursed also rose sharply to 18.5 million in Q2FY22 from 7.1 million in Q1FY22

No need to extend timelines for recast loans, says Axis Bank top exec

The deadline has already been extended once, and if the borrowers are not able to meet the parameters, banks are required to classify the loans as "non-performing"

Paytm's loan disbursals up 375% at Rs 1,320 cr in first two months of Q3

The value of loans disbursed through the platform increased 375 per cent YoY to Rs 1,320 crore ($178 million) in the first two months of the quarter

Fitch raises outlook for India auto loans to 'neutral' from 'deteriorating'

Economic recovery supports stable asset performance

ADB approves Rs 2,645-crore loan to improve urban services in India

The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and improved sanitation

Urban bodies disburse 47,884 loans in Delhi under PM SVANidhi Scheme

Urban local bodies here have approved and issued 1.09 lakh letters of recommendation for loans to banks under a micro-credit scheme for street vendors

Loans worth Rs 2.82 trillion sanctioned under ECLGS: MSME Minister

The last date of disbursement under the scheme has been extended to June 30, 2022

NBFC fragile assets likely to rise to 5-6% by March 2022: Crisil

Asset quality pressures vary across asset classes. While home and gold loans have been relatively less affected, unsecured credit and SME loans faced brunt

Microfinance sector sees 3x rise in disbursement value in Q1: Report

However, 1-179 days past due delinquency increased in June 2021 to 31.44%, from 13.59% in March 2021

1.75 million received Rs 76,012 crore loans during festival period

Banks say efforts now to expand credit to ensure economic revival is durable

MFIs' gross loan portfolio dips 1.1% to Rs 2.25 trn at Sep-end: Report

The gross loan portfolio (GLP) of microfinance lenders marginally dipped by 1.1 per cent to Rs 2,25,331 crore in the September quarter, according to a report by Sa-Dhan

Significant percentage of borrowers prefer securing loan online: Survey

Nearly 40 per cent borrowers showed willingness to move to digital platforms for taking loans: Survey

What lies ahead for microfinance institutions after pandemic disruption?

During the pandemic, small businesses struggled to stay afloat. So were microfinance institutions which lend them money. As businesses are gathering momentum again, here's how the sector is doing

Collection efficiency for retail, SME loans improves to pre-Covid levels

Icra cites decline in fresh Covid-19 cases, accelerated vaccination and uninterrupted operations of finance and housing finance entities for the better show

Muthoot Finance's Q2 standalone net profit rises 11% to Rs 994 cr

The gold loan company also reported that its loan assets rose to Rs 55,147 crore as compared to Rs 47,016 crore in Q2FY21

Banks' microloan portfolio contracts 7% to Rs 2.36 trillion in June quarter

The quarterly decline in gross loan portfolio (GLP) was seen across all lender types, including commercial banks, finance companies

REC raises $75 mn term loan from Sumitomo Mitsui Banking Corporation

The proceeds from this facility shall be utilised to fund power sector projects as permitted under the external commercial borrowing (ECB) guidelines of the Reserve Bank of India (RBI)

Noida international airport plans to raise Rs 3,725 crore in term loans

The estimated project cost of Phase I of the airport is Rs 5,730 crore and is funded in a debt-equity ratio of 65:35

Finance companies sell Rs 25,000 cr loans in Q2FY22, up 65% year-on-year

Activity rises as investors' fears over collections ebb