Page 3 - Loans

IMF approves disbursement of $1 bn loan to Pakistan despite India's warning

The International Monetary Fund (IMF) on Friday approved the immediate disbursement of about USD 1 billion to Pakistan under the ongoing Extended Fund Facility, the Prime Minister's Office (PMO) said. Prime Minister Shehbaz Sharif expressed satisfaction over the approval of a USD 1bn dollar instalment for Pakistan by the IMF and the failure of India's high-handed tactics against it," according to a statement issued by the PMO. It said Pakistan's economic situation has improved and the country is moving towards development.

HUDCO Q4 results: Net profit up 3.93% to ₹728 cr; NII jumps 26.3%

HUDCO reported Rs 727.74 crore Q4 profit for FY25 with improved net interest income and loan disbursements; board recommends Rs 1.05 final dividend per share

Mindspace Reit to raise Rs 1,800 crore through debt securities, CPs

Board committee approves Rs 1,800 crore fundraise plan via non-convertible debt and commercial papers amid rising NOI and strong leasing growth in FY25

Vedanta Resources proposes to repay $920 million debt in FY26: CFO Goel

Anil Agarwal-led Vedanta Resources Ltd (VRL), as part of its deleveraging exercise, has proposed to repay USD 920-million debt in the current fiscal year and about USD 675 million in the next, a company official said. The company has been gradually deleveraging its balance sheet, improving its capital structure, and lowering its financial costs by tapping bond markets as part of its liquidity management exercise. In a Q4 earnings conference call, Vedanta's Chief Financial Officer Ajay Goel said, "So USD 920 million is a debt repayment to do in the current year. Next year, FY27, it's about USD 675 million." The need for cash at VRL is declining rapidly, led by both deleveraging and refinancing, he said, adding that at the same time, overall cash flow at Vedanta India, given the augmented volume, compressed cost, is much higher. "So overall, we as a group in terms of cash management is historical best position," he explained. Last year, Vedanta firmly established itself as one of th

Bank retail credit witness sharp slowdown in FY25; drops to 11.6%

Reserve Bank of India data showed the overall bank credit growth declined to 11 per cent in FY25 from 20.11 per cent in FY24

Microfinance provisions peaked in Q4, says IDFC First Bank MD and CEO

Provisions against microfinance segment have peaked in Q4FY25

RBL Bank's Q4 FY25 results: Net profit declines 81% to Rs 69 crore

Margin pressure, micro-finance loan write-offs dent bottom line

NaBFID plans $2 billion overseas fundraise via loans, bonds in FY25

Global banks are now in discussions with NaBFID to iron out contours of the borrowing

'Travel now, pay later': Think twice before you take loans for indulgence

Schemes are likely to have hidden costs and may leave customers with stretched finances

India subprime loans on edge of crisis with distress among 68% borrowers

The $45 billion industry will probably muddle through its latest difficulties, though analysts want the central bank to come up with more robust supervision

Shishu account share drops sharply as Kishor loans surge: SBI PMMY Report

The average ticket size of the loans has nearly tripled - Rs 1.02 lakh in FY25, Rs 72,000 in FY23, from Rs 38,000 in FY16

UP Co-operative Bank outpaces commercial lenders in loans, advances

UPCB has achieved a credit deposit (CD) ratio of over 72 per cent, higher than the overall banking sector's CD of 61 per cent in UP

Microfinance stress continues to affect loan originations: CRIF data

Rising delinquencies, over-leverage strain the sector

New borrowers face credit squeeze, turn to secured loans and credit cards

A rise in defaults, particularly in small-ticket unsecured personal loans, prompted the Reserve Bank of India (RBI) to tighten lending norms

AI advancements turn Asian data centres into magnets for loan deals

In the span of a week, two major Asian data center operators secured their biggest-ever loans, partly earmarked for the expansion of their operations in Malaysia

AA ecosystem consent processing up 78% in FY25, shows Sahamati data

The average loan ticket size in the first half of FY25 was Rs 84,507, compared to Rs 92,086 since September 2021

Namma Yatri drivers are also early pilots for unified lending interface

The initial focus of the Unified Lending Interface is to provide small-ticket loans and improve collection efficiency

97 per cent of credit card holders have EMIs or loans: Cred survey

Report reveals 47% of borrowers face higher borrowing costs due to poor credit scores

Women borrowers up 22% since 2019, majority from semi-urban, rural: Report

Women borrowers in India have grown at a compounded growth rate of 22 per cent over the last 5 years with majority of them from semi-urban and rural areas, who are also actively monitoring their credit scores, a report said on Monday. The report titled 'From Borrowers to Builders: Women's Role in India's Financial Growth Story', released by NITI Aayog CEO B V R Subrahmanyam also showed bulk of their loan was for meeting consumption demand and comparatively less for businesses. The report has been published by TransUnion CIBIL, Women Entrepreneurship Platform (WEP) of NITI Aayog and MicroSave Consulting (MSC). "The number of women availing credit in India has increased at a compound annual growth rate (CAGR) of 22 per cent between CY 2019 and 2024. While consumption loans continue to be the preferred products held by women borrowers, the report's insights show that more women are also availing business loans," a statement said. As per the report, credit availment for financing ...

Micro-credit disbursements decline 35.8% in Q3 of current fiscal: MFIN

Disbursement of microfinance loans has declined 35.8 per cent to Rs 22,091 crore during the third quarter ending December 2024 as compared to the similar previous corresponding period, Microfinance Institution Network (MFIN), an umbrella body of the microfinance institutions (MFIs), said in its report. Assets under management (AUM) of the MFIs at the end of December 2024 stood at Rs 1,42,695 crore, showing a decrease of 0.1 per cent against the same period ending December 2023. The average loan amount disbursed per account during the third quarter was Rs 51,691 crore, registering an increase of 15.2 per cent in comparison to the same quarter of the previous fiscal. Portfolio at risk (PAR), defined as unpaid loans of more than 30 days, deteriorated to 8.8 per cent as of December 31, 2024, compared to 3.5 per cent in the previous corresponding period ending December 31, 2023, the report said. During the current third quarter, NBFC-MFIs received debt funding of Rs 12,921 crore, mainly