Page 2 - Loans

Credit growth up 9.2% in Dec 2021 on strong growth in last fortnight of qtr

Banks lent Rs 3.7 trillion in 15 days to December 31, 2021 and outstanding commercial bank credit stood at Rs 116.83 trillion, RBI data showed

Fintech startup Rupeek gives out $1 billion in gold-backed loans

Consumers in India -- where gold is considered both a status symbol and a popular investment -- hold about $1.5 trillion of the precious metal, mostly in jewelry, according to the World Gold Council

Paytm records over four-fold jump in loan disbursals in Oct-Dec 2021

Paytm disbursed 44 lakh loans worth Rs 2,180 crore during the quarter

Hinduja Global Solutions shares tank 20% on likely promoter loan

On Friday, the stock fell to Rs 2,855 a share, dragging its market valuation to Rs 5,967 crore.

ECLGS stopped 14% of loans from slipping into NPA, says SBI report

The scheme has saved around 15 million jobs and stopped 14 per cent of outstanding MSME loans from turning into non-performing assets (NPAs)

Budget 2022-23: Worst-hit sectors may get credit guarantee breather

Budget may extend ECLGS, loan guarantee schemes for MSMEs, hospitality, tourism

Spike in Covid cases may impact banking system's restructured book: Icra

Demand for recast may also go up for loans previously restructured; RBI warns of drop in bank's asset quality but reassures that they are strong enough to withstand huge shocks

Retail, MSME credit shows steady growth in November: RBI report

Reserve Bank of India in a statement said that retail loans continued to expand at a double digit rate

TMS Ep72: Ed-tech, FICCI's Sanjiv Mehta, markets in 2021, loans

Govt advisory on ed-tech firms - a moment of reckoning? What is Sanjiv Mehta's take on economic recovery? What shaped the markets this year? What are the different types of loans? All answers here

Govt signs 140 mn euro loan agreement with KfW for energy sector reforms

The project will contribute to a more stable, secure and climate and environmentally friendly energy supply in India

Punjab govt to release Rs 1,200 crore under debt waiver scheme for farmers

The latest tranche of funds is expected to benefit about 1.09 lakh small and marginal farmers

What is Securitisation?

RBI changed the norms for securitisation of assets this year. The holding period before an asset is securitised was reduced from 12 months to 6 months. But what is securitisation? Here's an explainer

IFSCA sets up panel for creating framework for transfer of stressed loan

The International Financial Services Centres Authority on Friday sets up a committee for creating a framework for transfer of stressed loans from domestic lenders to financial institutions in IFSC.

Creditors sue China Evergrande Group for $13 billion in claims

A Chinese court assigned to handle civil lawsuits against Evergrande accepted 367 cases

Micro-loan disbursement up 154.5% QoQ to to Rs 64,899 cr in Sept: MFIN

The number of loans disbursed also rose sharply to 18.5 million in Q2FY22 from 7.1 million in Q1FY22

No need to extend timelines for recast loans, says Axis Bank top exec

The deadline has already been extended once, and if the borrowers are not able to meet the parameters, banks are required to classify the loans as "non-performing"

Paytm's loan disbursals up 375% at Rs 1,320 cr in first two months of Q3

The value of loans disbursed through the platform increased 375 per cent YoY to Rs 1,320 crore ($178 million) in the first two months of the quarter

Fitch raises outlook for India auto loans to 'neutral' from 'deteriorating'

Economic recovery supports stable asset performance

ADB approves Rs 2,645-crore loan to improve urban services in India

The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and improved sanitation

Urban bodies disburse 47,884 loans in Delhi under PM SVANidhi Scheme

Urban local bodies here have approved and issued 1.09 lakh letters of recommendation for loans to banks under a micro-credit scheme for street vendors