Page 9 - Loans

MSME units from Maharashtra availed maximum loans under ECLGS: Minister

The government on Saturday said MSME units from Maharashtra availed maximum loans under the Emergency Credit Line Guarantee Scheme (ECLGS) as on September 16

Lenders want govt to offer moratorium interest relief to borrowers

Waiver may cost banks Rs 10,000 cr, says IBA

Shadow banks want govt to create a special fund for 3-5 year loans

The tenure of refinancing should be increased to at least 36 months for a healthy asset-liability profile, said the lobby group for NBFCs

Banks lower revenue outlook as coronavirus pandemic crimps loan demand

Bank of America, the second-largest US bank by assets, said it found little appetite for new loans when it surveyed its corporate clients twice this year

Govt may extend time limit for emergency credit line guarantee scheme

Since the launch of the scheme, industry bodies have pushed the government to relax conditions that accompany the scheme as they felt it restricts benefits to only a small cross section of companies

Banks sanction loans of Rs 1.6 trn to 4.2 mn MSMEs under ECLGS scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

SC gives Centre two weeks for final proposal on loan moratorium interest

No more adjournments, says bench; next hearing Sept 28

Waiver of EMI interest against basic canon of finance: Centre to SC

Waiver of interest on deferred EMIs during the moratorium period would be against the basic canons of finance and unfair to those who repaid loans as per schedule, the Centre told the Supreme Court

In coronavirus crisis, freewheeling loans on crypto platforms gain currency

Loans on such platforms have risen more than seven-fold since March to $3.7 billion, according to industry site DeFi Pulse

SC asks Centre to clarify stand on interest waiver during moratorium

SC took note of Centre's alleged inaction and asked it to clarify its stand within a week on waiver of interest on interest for deferred payments of instalments for loans during the moratorium period

No funds available: Depositors at PMC Bank survive on loans, charity

The Reserve Bank of India took control of PMC last September after it was accused of fraud and concealing non-performing loans

Credit crisis in India will spur more opportunities for KKR: Brian Dillard

Despite the opportunities, KKR has suffered setbacks in India, where a long-running shadow banking crisis followed by the devastation of the pandemic has crippled the economy

India Inc's foreign loans fall 35% on Future Retail default, shaky economy

Interest rates have gone up to as high as 10%, making it uneconomical to raise funds from abroad

About 5-8% of loan book will be recast under RBI scheme, says ICRA

With the expectation of reduced slippagges of 3-4 per cent, the GNPAs might increase to 9.8-10.3 per cent by March 31, 2021 from 8.5 per cent as on March 31, 2020

HDFC Bank's delayed reports to draw in Indian regulator

The local unit of Experian Plc told RBI in July that HDFC Bank has been late in providing details of its loans

Extension of moratorium, loan re-structuring can be risky for lenders: Icra

Many voices have been seeking continuation of some relief in repayments because of the lackluster economic conditions

Loans under moratorium to dip below 10% by August end, says IDFC First

Private lender posted profit before tax of Rs 127.54 crore in the quarter ended June 2020 (Q1Fy21)

PM Modi reviews implementation of micro-credit scheme for street vendors

The PM expressed satisfaction on the use of end-to-end IT solution through a web-portal and mobile application for administration of the scheme to ensure transparency, accountability, speed

Explained: How OCEN is trying to keep credit disbursement challenges at bay

Network to connect lenders, loan marketplaces, borrowers on a single platform and make access to credit a matter of minutes

Loans against gold may support small businesses post Covid reopening

Gold is typically the only asset small entrepreneurs have in order to raise funds. Large quantities of the metal may also come in to be sold