Page 7 - Loans

Avoid extra loans to borrowers with over Rs 200,000 MFI exposure

The enhanced guidelines must be issued to lending institutions to protect the interests of the microfinance sector and specifically its clients

DLAI adds former RBI execs to advisory council, aims for SRO-FT recognition

An SRO is a non-governmental organisation that acts as a bridge between industry players and the regulator. It also sets standards for the conduct of entities operating in the country

Banks cautious on lending to stressed MSMEs due to NPA classification rules

Loans to the sector slows down after accelerating in FY21, FY22

Pre-budget wish list: Set up Credit Guarantee Fund for agri loans, says SBI

The SBI report said that this fund is expected to boost fresh agriculture credit multiple times

Is marriage loan a smart financial move or a debt trap? Find out here

After the wedding, you'll be paying the EMIs and not the guests you aimed to impress with a grand celebration

HDFC Bank mulling loan portfolio sale amid growth scrutiny: Report

Shares of the bank fell the most in a month on Friday after it reported flat sequential deposit performance in the quarter ended June

State Bank of India indicates another 10-15 basis points MCLR hike

Loans to companies are linked to the MCLR, which depends on the cost of the funds of a bank. Retail loans are linked to the external benchmark lending rate (EBLR)

Loan facility mandatory for life insurance policies: All you need to know

As of now, it is mandatory for insurers to provide a loan facility against policies, helping policyholders meet their liquidity requirements

SBI launches 'SME Digital Business Loans', to sanction loans in 45 minutes

Waives of financial statement requirement for SME loans below Rs 50 lakh

MSME loans will be 'focal point' for growth over next 5 years: SBI

SBI, the country's largest lender, on Tuesday said small business lending will be the "focal point" for growth and profit for the next five years. The state-owned lender launched a product christened "SME (small and medium enterprises) Digital Business Loans", under which loans will be sanctioned in 45 minutes. "MSME (micro, small and medium enterprises) advances have been identified as the focal point for the bank's growth and profitability over the next five years," an official statement said. The bank is aiming to broaden credit accessibility for small businesses in the coming months by extending availability across all partner customer service point touchpoints and via QR codes at outdoor touchpoints in the coming months, the statement said. For the year ended on March 31, 2024, the bank's overall SME book grew by over 20 per cent to Rs 4.33 lakh crore and gross non performing assets in the book came down to 3.75 per cent from a peak of 9.43 per cent in FY20. The newly launche

Micro loans grow 27% in March quarter, stress levels inch up: Report

The micro loans portfolio of various lenders grew by 27 per cent year-on-year for the March 2024 quarter, a report said on Tuesday. After remaining stable or improving over the last many quarters, the stress levels in terms of loan default inched up marginally during the quarter, the report by credit information company Crif High Mark said. At a time when the regulator is flagging concerns on unsecured loans, the data pointed out that personal loan outstandings of microfinance borrowers witnessed the second fastest growth among other retail assets with a portfolio growth of over 38 per cent. The gross loan portfolio grew 28 per cent to Rs 4.42 lakh crore in December, the report said, adding that the growth was 8.5 per cent as compared to the preceding December quarter figure. The top 10 states account for 83.5 per cent of the Gross Loan Portfolio (GLP), it said, adding that West Bengal, Bihar and Uttar Pradesh posted the fastest growth during the January-March period. However, the

RBI must review plan to raise provisions against infra loans: Lobby group

Last month, the Reserve Bank of India (RBI) proposed that banks and non-banking financial companies set aside a provision of 5 per cent of the total loan amount of infrastructure projects

Shriram Finance raises $468 million multi-currency funds as social loans

The fund raise is closely on the heels of a previous transaction where the company raised $404 million

Small credit business finds new ways as unsecured loan growth ebbs

Firms that create differentiated risk assessments and invest in quality solutions will win, say industry executives

JioFin launches beta version of JioFinance app, to offer UPI, digi banking

The app's future plans include broadening the loan offerings, initially focusing on mutual fund loans and eventually branching out to include home loans

IFC extends $500 million credit line to HDFC Bank for micro loans

Presently, non-banking financial companies (NBFCs), including microfinance institutions (MFIs) and small finance banks, are the major lenders to women seeking loans for income generation purposes

China credit shrinks for first time, decreases by almost $28 billion

Credit contracts as government bonds record net repayment

Paytm denies claims on its lending partners invoking loan guarantees

Paytm's non-bank lending partners include companies such as Aditya Birla Finance, Hero Fincorp, Piramal Capital, Poonawalla Fincorp, Shriram Finance, SMFG India Credit, and Tata Capital

RBI proposes floor for banks' loan exposure for project finance

Standard asset provision suggested at 5 per cent in a phased manner

Pak PM Sharif discusses new loan programme with IMF chief Georgieva

Pakistan Prime Minister Shehbaz Sharif has met IMF chief Kristalina Georgieva and discussed a new loan programme for the cash-strapped country to put the economy back on track. In a meeting on the sidelines of the World Economic Forum (WEF) Special Meeting in Riyadh, the premier thanked Georgieva, the International Monetary Fund (IMF) Managing Director, for her support to Pakistan in securing the USD 3 billion standby arrangement (SBA) from IMF last year that was now nearing its completion. Pakistan secured the USD 3 billion IMF programme in June last year, which helped it avert a sovereign default. Pakistan is seeking a new long-term Extended Fund Facility (EFF) after the current SBA expires this month. Both sides also discussed Pakistan entering into another IMF program to ensure that the gains made in the past year were consolidated and its economic growth trajectory remained positive, according to a statement issued by the PM Office on Sunday. Sharif reiterated his government'