Realtors' apex body CREDAI has written a letter to RBI, complaining that banks are not passing lower rate benefits to home loan borrowers and cash-starved developers
About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast: Chairman Rajnish Kumar
The SBI chairman advised borrowers to pay their loans if they are not facing any funding challenge.
RBI measures to boost liquidity, incentivise banks to lend more to revive economy: Nirmala Sitharaman
In order to increase credit to farmers, MSMEs and housing sector, RBI announced a special refinance facility totalling Rs 50,000 crore for NABARD, SIDBI and the National Housing Bank, she said.
Housing, auto loans may become cheaper from tomorrow as banks to link interest rates to external benchmark
The RBI had on 4 September said that the lenders must link all new floating-rate loans for housing, auto and MSMEs with external benchmark like repo from 1 October.
Teaser loans a rude shock for many homebuyers when interest rates shoot up; RBI right to decline SBI’s idea from Day One
Back in 2010, SBI had introduced teaser loans but rolled back after just a year following disapproval from the RBI.
Rate cuts may not fire up liquidity-starved housing market; impact to remain for 6 more months: Poll
While the government has taken steps to provide stimulus to the slowing economy, analysts say those measures are too little to prop up demand significantly in the housing market, at least for now.
PSU banks to introduce home, auto loans on PSB Loans in 59 Minutes portal; move aims at expanding retail business
Some of the banks including SBI, Union Bank of India, and Corporation Bank decided to extend in-principle approval to loans of up to Rs 5 crore through the portal.
New RBI rules on NPA: Central bank must frame stronger guidelines to police borrowers, not just lenders
It is time the RBI looked hard at what needs to be done in the entire process chain of borrowing, including issues related to collaterals, cash flows and above all the expected conduct of borrowing entities.
RBI governor Shaktikanta Das to meet bank heads on 21 February on transmission of rate cut to borrowers
Earlier this month, the RBI cut the benchmark interest rate by 0.25 percent to 6.25 percent.
Muthoot Microfin raises Rs 562 cr via securitisation; state-run banks buy Rs 845 cr of firm's portfolio this fiscal
With this, the total amount raised through securitisation by the IPO-bound Muthoot Microfin has crossed Rs 1,300 crore during the first nine months of the fiscal.
Default rates among borrowers taking multiple loans from MSME lenders rise to 4.4% in three years: Report
The study shows that 45 percent of the sanctions showing loan stacking behaviour belong to loans sanctioned by NBFCs and 23 percent of the borrowers who have taken loans from NBFCs fall in this category.
Central bank’s MSME loan recast to help lower lenders' credit cost; move to improve fund flow to sector: Report
The report, however, said the restructuring scheme may encourage some MSME borrowers, who are otherwise operating satisfactorily, to opt for the scheme and thus impair the credit discipline.
RBI complains too much; its role has been better defined, powers expanded over four years of Narendra Modi govt
Historically, finance ministers have sought to accelerate growth and boost credit, while RBI governors have prioritised stability and control of inflation.
The new RBI guidelines have scrapped all loan restructuring schemes present in the banking system to deal with stressed assets.
Bankers said RBI wants IBC main tool for resolution where banks fails to reach a consensus.
The Non-Banking Financial Company Peer to Peer Lending Platform (Reserve Bank) Directions, 2017, have come into force with immediate effect.
If the current steep rate cuts in home loan rates -- which is mainly nudged by PM Modi’s ‘appeal’ -- do not translate to increase in credit growth and higher yields, banks will find a way to make money by cutting their deposit rates more.
Last month, the RBI had provided additional 60 days for repayment of loans worth up to Rs 1 crore.
Bank of India has cut the base or the minimum lending rate by 0.05 percent to 9.65 percent