Loans

Bandhan Bank to increase exposure to secured loans to MSME: MD & CEO

Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, its Managing Director and CEO Chandra Shekhar Ghosh said.

Overseas loan business of 6 Indian banks up 7-33% in FY22, shows data

Bank officials said India-centric business had predominant share - funding exports and imports as well as terms loans.

Shriram City to focus on small biz, gold loans in FY23; aims 18% AUM growth

Shriram City Union Finance will focus on personal, gold and small business loans to achieve its 18 per cent growth in AUM in the current fiscal year amid a slowdown in demand for two-wheelers due to shortage of components and other factors, a top company executive said. Noting that the demand in the economy has not yet fully recovered, while rural and semi-urban areas have been doing better now, Y S Chakravarti, MD & CEO, said majority of the company's business comes from semi-urban and rural markets and anything good for the rural economy will help the company's business. "Our focus will be on personal loan, gold loan and small business loans. In terms of economic recovery, we have not recovered fully. Urban areas are still struggling, to some extent the rural economy has picked up probably because, one the harvest has been good and in current year also there is good rainfall prediction,"Chakravarti told PTI in an interaction. He said the crop harvests and also the prices are ...

Paytm says lending business now at annualised run-rate of Rs 20,000 cr

Digital payments Paytm said its lending business saw a 449 per cent increase in number of loans disbursed in April and business now has an annualised run-rate of Rs 20,000 crore

I'm 'personally liable' for $750mn SoftBank loan: Better.com's Vishal Garg

It was Garg and not the company, who took responsibility for compensating the Japanese investment giant SoftBank for any losses, reports TechCrunch

PNB to bring down NPAs, ensure high loan recoveries: Atul Kumar Goel

The lender declared its January-March earnings Wednesday, and posted a drop in its gross NPAs to 11.78 per cent from 14.12 per cent reported a year ago

Cube Highways Trust to raise Rs 12,075 cr debt to prepay old loans

Existing loans pertain to 17 projects; firm proposes to 18 toll road assets and one annuity road asset from the sponsor Singapore-based Cube Highways group

Bank of Baroda cuts car loan rates by 25 basis points, trims processing fee

State-owned lender announces reducing processing charges to a flat Rs 1,500.

Rate transmission pace to improve for external benchmarked loans: RBI study

The share of EBLR loans by banks rose from 2.4% in September 2019 to 28.6% in March 2021 and to 39.2% in December 2021, RBI says

Govt extends ECLGS for MSMEs till Mar 2023; boost for hospitality, aviation

The enhanced limit is subject to a maximum of Rs 200 crore per borrower

PSBs disburse Rs 41,269 cr 'loans in 59 minutes' over three years

201,000 loan proposals of Rs 39,580 crore disbursed in the business loan category; 17,791 retail loans amounting to Rs 1,689 crore also disbursed

MFIs welcome RBI's regulatory framework for microfinance loans

Microfinance institutions and an MFI-turned lender hailed the RBI's Regulatory Framework on microfinance loans announced on Monday saying that these guidelines will further deepen the penetration of micro-credit in the country. The Reserve Bank of India (RBI) allowed microfinance lenders to fix interest rates on loans with a rider that those should not be usurious for the borrowers. A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 3 lakh. The framework for microfinance loans announced by the RBI will further help deepen penetration of micro-credit in the country, MD & CEO of Bandhan Bank C S Ghosh said. Bandhan Bank is a microfinance company that got a universal banking licence some years ago. The latest guidelines are a strong reflection of the maturity of MFIs in the country and will go a long way in harmonising the regulatory framework for different types of lenders, encouraging healthy competition and enabling ..

Shriram Housing Finance looks to double loan-book to Rs 10,000 cr by FY24

Shriram Housing Finance has set a target of doubling its loan-book to Rs 10,000 crore and become third largest player by FY2024 on the back of a 45 per cent growth this fiscal at around Rs 5,300 crore

NBFCs' loan sanctions up 5% YoY in Q3FY22: Data

Consumer credit drives action; commercial segment shows modest growth, according to FIDC-CRIF data

States were becoming increasingly autonomous on funding pre-pandemic

Some were even on the verge of reducing central liability to zero

CSC Grameen eStore, Adani Capital join hands to extend biz loans to VLEs

Government-promoted CSC SPV subsidiary CSC Grameen eStore and Adani Capital have joined hands for extending business loans to Village Level Entrepreneurs for purchasing products

Asian Development Bank lends record $ 4.6-bn loans to India in 2021

The Asian Development Bank (ADB) on Sunday said it provided a record USD 4.6 billion loans to India in 2021, including USD 1.8 billion towards coronavirus response

Home First eyes 30% jump in loan sales at Rs 5,600 crore in FY22

Affordable housing-focused Home First Finance is bullish on the market and is on course to disburse 30 per cent more loans over the last fiscal to close this year

Kapil Capital & Finflux Are Revolutionizing Working Capital Loans in India : Here's How

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China caps weekly policy easing blitz with fresh rate cuts

The People's Bank of China (PBoC) said it had trimmed rates on its standing lending facility (SLF) loans by 10 basis points (bps) effective Jan. 17