Latest News on Borrowers
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Borrowers - Total results - 16
Sep 30, 2019
Housing, auto loans may become cheaper from tomorrow as banks to link interest rates to external benchmarkThe 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.
Sep 19, 2019
Teaser loans a rude shock for many homebuyers when interest rates shoot up; RBI right to decline SBI’s idea from Day OneBack in 2010, SBI had introduced teaser loans but rolled back after just a year following disapproval from the RBI.
Aug 28, 2019
Rate cuts may not fire up liquidity-starved housing market; impact to remain for 6 more months: PollWhile 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.
Aug 20, 2019
PSU banks to introduce home, auto loans on PSB Loans in 59 Minutes portal; move aims at expanding retail businessSome 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.
Jun 10, 2019
New RBI rules on NPA: Central bank must frame stronger guidelines to police borrowers, not just lendersIt 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.
Feb 18, 2019
RBI governor Shaktikanta Das to meet bank heads on 21 February on transmission of rate cut to borrowersEarlier this month, the RBI cut the benchmark interest rate by 0.25 percent to 6.25 percent.
Jan 14, 2019
Muthoot Microfin raises Rs 562 cr via securitisation; state-run banks buy Rs 845 cr of firm's portfolio this fiscalWith 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.
Jan 08, 2019
Default rates among borrowers taking multiple loans from MSME lenders rise to 4.4% in three years: ReportThe 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.
Jan 03, 2019
Central bank’s MSME loan recast to help lower lenders' credit cost; move to improve fund flow to sector: ReportThe 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.
Nov 19, 2018
RBI complains too much; its role has been better defined, powers expanded over four years of Narendra Modi govtHistorically, finance ministers have sought to accelerate growth and boost credit, while RBI governors have prioritised stability and control of inflation.