LOANS

Public sector banks lead in loan revival as private banks fear defaulting

Public sector banks are seeing their loan book growing across all major segments agriculture, retail, MSMEs, personal loans except corporat...

Debt trap: Inside the world of shady digital lending apps, which promise a loan in a minute

According to fintech industry sources, several lenders simply register an entity under the Companies Act, develop an app and start commerci...

Banks rely on farmers for new loans

Economists attribute this trend to farm sector doing better than the urban-centric sectors like industries and services during the pandemic...

RBI constitutes working group on digital lending

The Reserve Bank of India (RBI) on Wednesday said that it has constituted a Working Group on digital lending including lending through onli...

Bank hard-sell & cheaper loans drive auto financing

Auto financiers and dealers say the current buzz is led by the aggression of PSU lenders, which are offering rates lower than private finan...

Online chit fund apps under the scanner

The government is examining complaints against some online chit fund apps, which are allegedly functioning in absence of clear regulatory g...

View: Bad bank is a good idea, but India's debt-laden banks need a better plan

How does one make bad loans seamlessly move from banks to investors who love dealing in junk? How does one make such deals part of a normal...

Public sector banks may follow a uniform practice on employee accountability for bad loans

Indian Banks’ Association (IBA) has formed a committee under Canara Bank ED MV Rao to look into the nuances of staff accountability. The pa...

Axis Bank ties up with Hyundai Motor India for auto retail financing

Axis Bank through this partnership will allow Hyundai Motor India Ltd (HMIL) customers to get auto loan sanctioned directly on the car make...

Banks need Rs one lakh crore for NPAs, growth, says Reserve Bank of India

According to the RBI, gross non-performing assets (NPAs) declined from 9.1% as of March 2019 to 8.2% at end-March 2020 and further down to ...

Loan restructuring requests much lower than estimated: Analysts

Analysts are also forecasting lower credit provisions and better profitability for banks in the next fiscal year starting April 1, on the b...

Asset management firm in the works to tackle bad loans of PSU banks

The proposed AMC will work on a fee-based model. It will collate bad debt across banks and reach out to institutional investors, including ...

2021: Banks brace for pandemic-hit corporates' bad loan woes, muted credit growth

Muted private investment impacting the corporate loan growth will be another challenge that banks will have to face in the coming months. D...

RBI unlikely to extend Dec 31 loan rejig deadline

The governor on Wednesday concluded a two-day meeting with public sector and private sector banks, held through video conference. Days befo...

IIFL Home, ICICI Bank join hands for affordable housing, MSME loans

Under the tie-up, IFL Home will originate and service customers through the entire loan life-cycle including sourcing, documentation, colle...

Retail loans showing some stress, but no alarm bells yet: Experts

NACH, a clearing service for interbank transactions run by the National Payments Corporation of India (NPCI), shows that bounce rates by vo...

Government opposes further loan moratorium

The government, through Solicitor General Tushar Mehta, told a bench led by Justice Ashok Bhushan that it had already extended the loan mor...