BORROWERS

Overnight, the costs for bond issuers rise

Bank of Baroda, Rural Electrification Corporation, and Indian Bank are now paying about 25-45 basis points higher for three-to-five-year mo...

Overnight borrowing rates shoot up after RBI announcement

The central bank's plan to suck out Rs. 2 lakh crore in a term repo auction triggered a jump in shorter duration rates including the tri-pa...

'Relax foreign borrowing norms to boost growth'

According to the book, 'India’s external debt - features, trends and policies' authored by Ashutosh Raravikar, director at Reserve Bank of ...

Telangana completes urban local bodies reforms; gets nod for Rs 2,508 cr additional borrowings

The permission for mobilising additional financial resources of Rs 2,508 crore through Open Market Borrowings was issued by Department of E...

Bank credit records marginal growth: CARE report

The bank credit growth during the reporting fortnight ending December 18, 2020, is being supported by disbursements under the Emergency Cre...

PFC raises borrowing limit to Rs 1.18 lakh crore

The company now plans to raise a maximum of Rs 83,000 crore from long-term borrowing, Rs 15,000 crore from long-term foreign currency borro...

RBI seeks to end unauthorised fintech lendings

Asks non-bank lenders for details of their exposure to such firmsFor the second time in three months, the RBI has issued last week a note o...

Axis Bank prunes overseas presence as it consolidates local business

RBI fixed December 31 as the deadline for debt restructuring requests from borrowers coming under stress due to the pandemic.

Blanket interest waiver on all loans to be Rs 6 lakh crore: Centre to SC

If the banks were to bear this burden, then it would necessarily wipe out a substantial and a major part of their net worth, rendering most...

Government opposes further loan moratorium

The government, through Solicitor General Tushar Mehta, told a bench led by Justice Ashok Bhushan that it had already extended the loan mor...

Supreme Court to resume hearing on loan moratorium, interest on interest waiver case today

The RBI had given a loan moratorium owing to Covid-19 and its fallout on businesses and consumers' income. The period of moratorium had end...

Provision of SARFAESI Act empowering DMs to attach secured assets of borrowers directory: SC

Section 14 of the SARFAESI Act mandates District Magistrate to deliver possession of a secured asset within 30 days, extendable to an aggre...

RBI allows co-origination of PSL loans by banks and NBFCs

The RBI hopes that the co-lending model (CLM), will improve the flow of credit to the unserved and underserved sector of the economy at an ...

Banks see no rush for loan recast, expect borrowers to come forward in December

There were approximately 387 accounts with an exposure of more than ₹1,500 crore that were standard at the end of March. Some of them avail...

Loan moratorium: Banks told to credit 'interest on interest' to borrowers, RBI tells SC

"I say..Ministry of Finance, Department of Financial Services in view of the unprecedented and extreme COVID-19 situation vide its letter ..

Lenders to credit 'interest on interest' to borrowers account by November 5, Centre tells SC

"Under the scheme, all lending institutions (as defined under clause 3 of the scheme) shall credit the difference between compound interest...

Kotak Mahindra Bank launches festive offers to woo borrowers

Kotak is offering customers attractive loan rates, loan processing fee waivers and quick online loan approvals on a range of retail and agr...