Page 3 - Loans
Loans worth Rs 2.82 trillion sanctioned under ECLGS: MSME Minister
The last date of disbursement under the scheme has been extended to June 30, 2022
 "Loans worth Rs 2.82 trillion sanctioned under ECLGS: MSME Minister")
NBFC fragile assets likely to rise to 5-6% by March 2022: Crisil
Asset quality pressures vary across asset classes. While home and gold loans have been relatively less affected, unsecured credit and SME loans faced brunt
 "NBFC fragile assets likely to rise to 5-6% by March 2022: Crisil")
Microfinance sector sees 3x rise in disbursement value in Q1: Report
However, 1-179 days past due delinquency increased in June 2021 to 31.44%, from 13.59% in March 2021
 "Microfinance sector sees 3x rise in disbursement value in Q1: Report")
1.75 million received Rs 76,012 crore loans during festival period
Banks say efforts now to expand credit to ensure economic revival is durable
 "1.75 million received Rs 76,012 crore loans during festival period")
MFIs' gross loan portfolio dips 1.1% to Rs 2.25 trn at Sep-end: Report
The gross loan portfolio (GLP) of microfinance lenders marginally dipped by 1.1 per cent to Rs 2,25,331 crore in the September quarter, according to a report by Sa-Dhan
 "MFIs' gross loan portfolio dips 1.1% to Rs 2.25 trn at Sep-end: Report")
Significant percentage of borrowers prefer securing loan online: Survey
Nearly 40 per cent borrowers showed willingness to move to digital platforms for taking loans: Survey
 "Significant percentage of borrowers prefer securing loan online: Survey")
What lies ahead for microfinance institutions after pandemic disruption?
During the pandemic, small businesses struggled to stay afloat. So were microfinance institutions which lend them money. As businesses are gathering momentum again, here's how the sector is doing
 "What lies ahead for microfinance institutions after pandemic disruption?")
Collection efficiency for retail, SME loans improves to pre-Covid levels
Icra cites decline in fresh Covid-19 cases, accelerated vaccination and uninterrupted operations of finance and housing finance entities for the better show
 "Collection efficiency for retail, SME loans improves to pre-Covid levels")
Muthoot Finance's Q2 standalone net profit rises 11% to Rs 994 cr
The gold loan company also reported that its loan assets rose to Rs 55,147 crore as compared to Rs 47,016 crore in Q2FY21
 "Muthoot Finance's Q2 standalone net profit rises 11% to Rs 994 cr")
Banks' microloan portfolio contracts 7% to Rs 2.36 trillion in June quarter
The quarterly decline in gross loan portfolio (GLP) was seen across all lender types, including commercial banks, finance companies
 "Banks' microloan portfolio contracts 7% to Rs 2.36 trillion in June quarter")
REC raises $75 mn term loan from Sumitomo Mitsui Banking Corporation
The proceeds from this facility shall be utilised to fund power sector projects as permitted under the external commercial borrowing (ECB) guidelines of the Reserve Bank of India (RBI)
 "REC raises $75 mn term loan from Sumitomo Mitsui Banking Corporation")
Noida international airport plans to raise Rs 3,725 crore in term loans
The estimated project cost of Phase I of the airport is Rs 5,730 crore and is funded in a debt-equity ratio of 65:35
 "Noida international airport plans to raise Rs 3,725 crore in term loans")
Finance companies sell Rs 25,000 cr loans in Q2FY22, up 65% year-on-year
Activity rises as investors' fears over collections ebb
 "Finance companies sell Rs 25,000 cr loans in Q2FY22, up 65% year-on-year")
Industrial loan growth turns negative in 2020-21 due to Covid: RBI data
Industrial loan growth, which has been decelerating during the last decade, turned negative for the first time during 2020-21 as economic activity slowed down in the aftermath of the Covid-19 pandemic
Affordable housing finance cos loan book grows 10% in June: Report
The AHFC industry's reported gross NPA/Stage 3 (excluding data for one player) stood at 2.1 per cent as of June 30, 2021
 "Affordable housing finance cos loan book grows 10% in June: Report")
IDFC First Bank clocks 10% loan growth in Q2 at Rs 117,243 crore
IDFC First Bank on Tuesday said it has posted 9.75 per cent growth in advances at Rs 117,243 crore for the second quarter ended September 30, 2021
 "IDFC First Bank clocks 10% loan growth in Q2 at Rs 117,243 crore")
Portea Medical secures commitment from US-based DFC for $7.7 mn loan
The DFC guarantee will enable a local commercial bank in India to extend the equivalent of a Rs 52 crore loan to Portea
 "Portea Medical secures commitment from US-based DFC for $7.7 mn loan")
Revised norms for securitisation likely to boost volume of loans
The securitisation process involves the conversion of an assets mostly loans, into marketable securities, which are sold to investors to raise cash
 "Revised norms for securitisation likely to boost volume of loans")
RBI announces revised rules for securitisation of standard assets
The Reserve Bank on Friday issued Master Direction on loan transfer, requiring banks and other lending institutions to have a comprehensive board-approved policy for such transactions.
 "RBI announces revised rules for securitisation of standard assets")
Nabard chief stresses on strengthening IT infra of cooperative banks
Strengthening of IT infra of cooperative banks, enhancement of agriculture term loans and diversification of credit portfolio are important factors to make them sustainable on a long term basis
 "Nabard chief stresses on strengthening IT infra of cooperative banks")
