Bank Loans News
RBI likely to maintain status quo on benchmark interest rate in next monetary policy, say experts
The RBI had last revised its policy rate on 22 May, in an off-policy cycle to perk up demand by cutting interest rate to a historic low
Coronavirus Outbreak: RBI may extend bank loan moratorium by another 3 months to help people, industry impacted by lockdown
With further extension of the nationwide lockdown, the RBI is considering a proposal for extending the moratorium on bank loans by another three months to help people and industry impacted by the ongoing lockdown to contain COVID-19
Coronavirus Lockdown: Small businesses struggle to pay wages; defer, cut salaries to workers this month
Small businesses account for nearly one-quarter of the country's $2.9 trillion economy and employ more than 500 million workers, according to government estimates
RBI announces repo rate cut, liquidity easing measures; economy requires stimuli, say analysts welcoming move
Reserve Bank of India (RBI) Governor Shaktikanta Das's announcement of rate cuts, forbearance on loans and liquidity easing measures were welcomed by analysts who said the economy requires stimuli in the present circumstances
CAIT urges govt to restrict e-commerce companies to sell only essential goods; seeks fiscal stimulus to tide over crisis
The CAIT urged Goyal and Paswan that the e-taliers should be allowed to sell only essential commodities and they should be directed to close their portals for rest of the products.
Sterling Biotech fraud case: Rift between probe agencies, banks wide open; company promoters tried to stall SEBI investigation
In 2007, Sterling Biotech and SIEL were under the lens of SEBI in connection with the dealings in the shares for the period from 18 August 2005 to 27 September 2005.
DHFL crisis: Govt orders SFIO probe into financial fraud charges against debt-laden mortgage lender, 5 other real estate firms
The debt-ridden DHFL came under the scanner in the wake of allegations that the company had siphoned off Rs 31,000 crore worth bank loans through layers of shell entities.
Public sector banks had 'worst phase' under Manmohan Singh, Raghuram Rajan: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has said that the Indian public sector banks had the "worst phase" under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan
RBI monetary policies have become a joke to individual borrowers and small businessmen; here's why
Despite the 135 basis points cut in repo rate, at which the Reserve Bank of India (RBI) lends short-term funds to banks, banks have lowered only 30-40 bps to their borrowers
Low demand and reluctance to invest to blame for slowdown in economy, says Yashwant Sinha
Corporate, PSU sectors have suffered in the last year. The demand in the economy, which is the growth engine, has come crashing down, Sinha said
RBI governor Shaktikanta Das says time banks link loans, deposits to repo rate; move can speed up monetary transmission process
After over a dozen public sector banks, including State Bank, have voluntarily linked their loans and deposits pricing to the repo rate, Reserve Bank governor Shaktikanta Das Monday stressed on the need for the entire system switching to this model, saying such a moved can speed up the monetary transmission process
Piramal Enterprises sharply cuts short-term borrowings, reduces dependence on CPs as NBFC crisis lingers
Without naming IL&FS, Ajay Piramal said, in September 2018, the default by a large financial services company on its debt instruments resulted in a sector-wide liquidity tightening
HDFC Bank refused loans to Vijay Mallya; need to separate friendships from banking, cautions MD, CEO Aditya Puri
Aditya Puri cited how his bank turned down a loan request from the now-fugitive businessman Vijay Mallya
Sterling Biotech bank fraud case: Hitesh Patel arrested in Albania raised dummy companies with help of family members
Fugitive businessman Hitesh Narendrabhai Patel, wanted in the Rs 8,100 crore bank fraud involving Sterling Biotech and Sandesara Group, was running benami entities to siphon off loans obtained from financial institutions.
At 10.8%, growth in infra credit is back to FY15 levels; economy is riding on the back of govt spending
Its not just infrastructure loans, overall lending to industry too has shown a reviving trend after staying in the negative for two consecutive years.
Farm distress: Govt addressing issues through piecemeal measures; need to integrate all schemes to make sector more resilient
It is clear that we are not really looking for a permanent solution and addressing the problem through piecemeal measures that have a good announcement impact.
Essar Steel insolvency: Shareholders of debt-ridden firm offer to pay Rs 54,389 cr to clear all dues of lenders
The plan includes an upfront cash payment of Rs 47,507 crore to all creditors
Bad loans crisis: Nirmala Sitharaman blames UPA; says banks are still suffering for lack of due diligence
During UPA regime, huge loans were provided by banks at the drop of a hat "when a phone call was made," by the powers that be, said Nirmala Sitharaman,
The Great Indian NPA Mess: Banks, govt and industrialists worked together to kick bad loans can down the road
We now have one big problem which the Narendra Modi government is trying to postpone further by merging different public sector banks. The trouble is bringing two rotten eggs together is only going to lead to another rotten egg