Page 29 - Loans

Capital Float reaches 1 million customers; Rs 9,000 cr loans disbursed

Digital financial services provider Capital Float said it has crossed the one million customers milestone and has disbursed over Rs 9,000 crore till date to small businesses and retail borrowers

Centre to frame scheme to waive moratorium interest; SC to hear case today

Waiver may cost Centre Rs 5,000-7,000 crore

BharatPe aims Rs 1,000 cr loan disbursal to merchants this fiscal

BharatPe has recorded disbursal of over Rs 80 crore in September 2020 and facilitated loan disbursals to the tune of Rs 150 crore through its partners in the September quarter

Loan restructuring: Who can avail the scheme? All you should know

Loan restructuring scheme is a process used by companies and individuals facing financial distress or on the brink of insolvency to lower/renegotiate their debts

HDFC Bank, ICICI Bank bring sops for customers ahead of festive season

HDFC Bank's business is back to pre-covid levels, says Aditya Puri

Courtesy lending to women aspirants, Avanse Financial raises $15 million

Lending to women has helped private equity major Warburg Pincus-run education loans company Avanse Financial Services raise USD 15 million or Rs 110 crore in foreign debt.

Loan moratorium case: Adverse SC verdict could heavily affect banks in Q2

Financials of banks may take Rs 10,000 - Rs 20,000 crore of hit if interest on interest is waived

Covid-19 impact: Air India Express' short-term loans get ICRA downgrade

The rating also takes into account AIEL's stretched credit profile, characterised by negative net worth and a high outstanding to Air India and other vendors

MSME units from Maharashtra availed maximum loans under ECLGS: Minister

The government on Saturday said MSME units from Maharashtra availed maximum loans under the Emergency Credit Line Guarantee Scheme (ECLGS) as on September 16

Lenders want govt to offer moratorium interest relief to borrowers

Waiver may cost banks Rs 10,000 cr, says IBA

Shadow banks want govt to create a special fund for 3-5 year loans

The tenure of refinancing should be increased to at least 36 months for a healthy asset-liability profile, said the lobby group for NBFCs

Banks lower revenue outlook as coronavirus pandemic crimps loan demand

Bank of America, the second-largest US bank by assets, said it found little appetite for new loans when it surveyed its corporate clients twice this year

Govt may extend time limit for emergency credit line guarantee scheme

Since the launch of the scheme, industry bodies have pushed the government to relax conditions that accompany the scheme as they felt it restricts benefits to only a small cross section of companies

Banks sanction loans of Rs 1.6 trn to 4.2 mn MSMEs under ECLGS scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

SC gives Centre two weeks for final proposal on loan moratorium interest

No more adjournments, says bench; next hearing Sept 28

Waiver of EMI interest against basic canon of finance: Centre to SC

Waiver of interest on deferred EMIs during the moratorium period would be against the basic canons of finance and unfair to those who repaid loans as per schedule, the Centre told the Supreme Court

In coronavirus crisis, freewheeling loans on crypto platforms gain currency

Loans on such platforms have risen more than seven-fold since March to $3.7 billion, according to industry site DeFi Pulse

SC asks Centre to clarify stand on interest waiver during moratorium

SC took note of Centre's alleged inaction and asked it to clarify its stand within a week on waiver of interest on interest for deferred payments of instalments for loans during the moratorium period

No funds available: Depositors at PMC Bank survive on loans, charity

The Reserve Bank of India took control of PMC last September after it was accused of fraud and concealing non-performing loans

Credit crisis in India will spur more opportunities for KKR: Brian Dillard

Despite the opportunities, KKR has suffered setbacks in India, where a long-running shadow banking crisis followed by the devastation of the pandemic has crippled the economy