LOANS

No clamour or rush for restructuring of loan: SBI Chairman, Rajnish Kumar

"On the banking side, what I am saying, there is not too many demand. It may be contrary to what the public discourse is. Reasons could be ...

Lenders are seeing retail loan demand revival as lockdowns ease

Although not back to the pre-COVID-19 levels seen in January and February 2020, inquiry volumes have started to recover from their troughs ...

Loan moratorium: Rajiv Mehrishi committee likely to recommend relief on compound interest

NEW DELHI: The committee headed by former comptroller and auditor general (CAG) Rajiv Mehrishi may suggest some relief on compound interest...

Loan repayment moratorium: Mehrishi panel may suggest relief on compound interest

​The RBI had in March announced a three-month moratorium on principal and interest payments on loans beginning March 1 to provide relief to...

Supreme Court grants relief to borrowers, extends loan moratorium period till September 28

The top court extended the interim order in which it had directed the banks not to declare as NPAs accounts that are unable to make repayme...

Eye-watering problem: Agra-based optician's claim threatens to break the Indian banks

The 53-year-old optician's $13,500 debt risks destabilising India's banks. That is because a complaint he brought challenging the loan reli...

Loan restructuring to hit private lenders’ exclusive deals with borrowers

The special restructuring to tackle Covid-19 stress and the mandatory inter-creditor agreement (ICA) that all lenders will have to sign thr...

Will take all legal routes to recover $717 million, say Chinese Banks to Anil Ambani

Ambani stated in court that his expenses are “minimal,” he doesn’t have a “lavish lifestyle” and has had to sell jewellery to meet legal ex...

SBI launches e-facility for restructuring of retail loans for borrowers affected by Covid-19 stress

The bank's retail customer will be asked to fill their account number on the relevant segment on the bank's website. After keying in the re...

No loan to be declared NPA till new order: Supreme Court

The court wants the government to address two issues — whether interest can be charged on interest and whether credit rating agencies can d...

Banking without NPAs: The conundrum revolving around use and misuse of loans

​​Singed by the sharp increase in non-performing assets following RBI’s largesse after the 2008-09 global financial crisis, and its failure...

SBI planning to launch loan product 'SAFAL' for organic cotton growers

State Bank of India is planning to launch a loan product, SAFAL, primarily focussed on organic cotton growers who don't have any credit his...

Extension of moratorium unlikely to hit bank profits immediately

A complete waiver of interest will hit banks' profits the hardest as they will not only have to reverse the interest due on these loans, wh...

One year later, PMC Bank depositors still struggling to get their money back

PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get ...

Banks gear up for due diligence ahead of loan recast programme

The committee is likely to suggest separate restructuring rules for the top six stressed sectors and has suggested solutions for 29 of the ...

Kamath Panel on loan restructuring identifies six problem industries

Committee suggests solutions for 29 out of 307 sectors assessed. The panel has suggested that the two-year cutoff for the restructuring wil...

RBI norms may exclude large number of companies from loan recast scheme

Bankers said corporates that have been lax in repayments before March 2020 will not qualify for restructuring even if they are not non-perf...