BORROWERS
Axis Bank to treat home loans of credit card defaulters as NPAsFrom the lender’s perspective, a loan that is classified as a non-performing asset (NPA) would mean that the bank would have to take a hit ...
- Bank of Baroda first public sector bank to look at permanent work-from-home option
A major objective of the restructuring exercise was to relook at the operating model. “During Covid, the number of people visiting branches...
- Government has loads of money to spend, may borrow less
While markets expect a drop, Centre may spring a surprise by borrowing to take advantage of the low interest rates
- SEFL debt repayment: After banks, regulators to appeal against NCLT order
Banking sources told TOI that the RBI too will file a petition in the coming days as the NCLT had stopped all government or regulatory auth...
- RBI's liquidity-withdrawal plan may pose risk to government borrowing: Analysts
The Reserve Bank of India faces a challenge if it wants to avoid disrupting the government's borrowing programme, market players say.
- Borrowing costs for Indian firms jump on steps to drain cash
Average yields on three-year rupee bonds rated BBB have risen 28 basis points this week through Thursday, on track for their biggest weekly...
- Kerala granted Rs 2,373 crore additional borrowing limit
The latest development took the total additional borrowing granted to the states on account of EoDB reforms to Rs 23,149 crore so far, the ...
- 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...
- '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 ...
- 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...
- 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...
- 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 ..
- 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...
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