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Retail borrowers are starting to return to the market, bankers and analysts said, in yet another sign of returning norma...
08/10/2020

Retail borrowers are starting to return to the market, bankers and analysts said, in yet another sign of returning normalcy after months of gloom. Bankers said that bulk of the demand for retail loans—which is driving loan growth at most Indian lenders—is for purchasing low-cost houses and two-wheelers. Some lenders have also introduced multiple relaxations to attract borrowers, who have avoided fresh loans since the coronavirus outbreak cast a shadow over jobs and incomes. [ 442 more words ]

Retail borrowers are starting to return to the market, bankers and analysts said, in yet another sign of returning normalcy after months of gloom. Bankers said that bulk of the demand for retail loans—which is driving loan growth at most Indian lenders—is for purchasing low-cost houses and two-w...

New Delhi: There is some good news for retail home loan borrowers who witnessed either pay cut or job loss during the Co...
17/08/2020

New Delhi: There is some good news for retail home loan borrowers who witnessed either pay cut or job loss during the Covid-induced lockdown. They may get further EMI deferment from their banks as part of a loan restructuring after August 31, when the RBI-granted moratorium ends. According to a report in the Times of India, lenders, including SBI, are working on restructuring options for home loans where the overall tenure of the loan does not extend by more than two years, even after relaxing the repayment schedule. [ 269 more words ]

New Delhi: There is some good news for retail home loan borrowers who witnessed either pay cut or job loss during the Covid-induced lockdown. They may get further EMI deferment from their banks as part of a loan restructuring after August 31, when the RBI-granted moratorium ends. According to a repo...

India will widen the scope of a government-guaranteed rescue package for small businesses, including raising the thresho...
04/08/2020

India will widen the scope of a government-guaranteed rescue package for small businesses, including raising the threshold to avail loans under the scheme, to help them tide over the coronavirus crisis. According to the current structure of the Emergency Credit Line Guarantee Scheme, small businesses with turnover of up to Rs 100 crore can avail additional 20% of their outstanding loans up to Rs 25 crore as on Feb. [ 196 more words ]

  India will widen the scope of a government-guaranteed rescue package for small businesses, including raising the threshold to avail loans under the scheme, to help them tide over the coronavirus crisis. According to the current structure of the Emergency Credit Line Guarantee Scheme, small busine...

The finance ministry said that the banks have sanctioned Rs 1.23 lakh crore under ECGLS scheme to MSMEs that were impact...
19/07/2020

The finance ministry said that the banks have sanctioned Rs 1.23 lakh crore under ECGLS scheme to MSMEs that were impacted by Covid-19. Out of the sanctioned loan amount, Rs 68.311.55 crore loan have been already disbursed. Banks have sanctioned loans up to Rs 1,23,345.60 crore to pandemic hit MSME sector under Emergency Credit Line Guarantee Scheme, said the Finance Ministry. [ 308 more words ]

The finance ministry said that the banks have sanctioned Rs 1.23 lakh crore under ECGLS scheme to MSMEs that were impacted by Covid-19. Out of the sanctioned loan amount, Rs 68.311.55 crore loan have been already disbursed.   Banks have sanctioned loans up to Rs 1,23,345.60 crore to pandemic hit MS...

The definition of micro, small and medium enterprises (MSME) was changed to allow for relatively bigger companies to ava...
06/07/2020

The definition of micro, small and medium enterprises (MSME) was changed to allow for relatively bigger companies to avail the benefits of cheaper and priority loans. But for MSMEs, while loans might be a tad bit easily accessible now, financial literature is still something they are learning. Sunil Daga, Sr EVP and Head, Business Lending solutions at Kotak Mahindra Bank shares few pointers for MSMEs to think about while applying for a loan. [ 135 more words ]

The definition of micro, small and medium enterprises (MSME) was changed to allow for relatively bigger companies to avail the benefits of cheaper and priority loans. But for MSMEs, while loans might be a tad bit easily accessible now, financial literature is still something they are learning. Sunil...

The coronavirus pandemic has led to prolonged lockdowns and a chilling of economic activity, forcing the RBI to declare ...
30/06/2020

The coronavirus pandemic has led to prolonged lockdowns and a chilling of economic activity, forcing the RBI to declare a six-month voluntary moratorium on loan repayments till September. Mumbai: Amid reports of the RBI mulling restructuring of loans, global rating agency S&P on Tuesday said that a loan recast will only defer NPAs recognition and not solve the problem. The agency also said operational outages and the recession because of the pandemic will have a deeper and longer impact on lenders than previously assumed, and estimated the gross non-performing assets ratio to rise up to 14 per cent in FY2021 from the 8.5 per cent in FY2020. [ 535 more words ]

The coronavirus pandemic has led to prolonged lockdowns and a chilling of economic activity, forcing the RBI to declare a six-month voluntary moratorium on loan repayments till September. Mumbai: Amid reports of the RBI mulling restructuring of loans, global rating agency S&P on Tuesday said that a....

The imposition of the nationwide lockdown to contain the spread of COVID-19 brought economic activities to a standstill....
22/06/2020

The imposition of the nationwide lockdown to contain the spread of COVID-19 brought economic activities to a standstill. Businesses — big or small — couldn't earn revenues and generate cash. Despite the FinMin’s ask to support MSMEs, the banks kept hesitating in lending, fearing their inability to repay. Hence, Nirmala Sitharaman met heads of public and private sector banks to implement ECLGS for living liquidity support to small businesses. [ 596 more words ]

The imposition of the nationwide lockdown to contain the spread of COVID-19 brought economic activities to a standstill. Businesses — big or small — couldn’t earn revenues and generate cash. Despite the FinMin’s ask to support MSMEs, the banks kept hesitating in lending, fearing their inabil...

As small businesses and start-ups line up to register as micro, small and medium enterprises (MSMEs), most do not stand ...
09/06/2020

As small businesses and start-ups line up to register as micro, small and medium enterprises (MSMEs), most do not stand to benefit from the government’s relief package, say officials. The government had last month announced loans worth Rs 3 trillion for an estimated 4.5 million MSMEs that are facing a liquidity crunch since last year. While the term loans — that are collateral-free and automatic — have been made available till October 31, only businesses that have outstanding loans of up to Rs 25 crore would be eligible. [ 575 more words ]

As small businesses and start-ups line up to register as micro, small and medium enterprises (MSMEs), most do not stand to benefit from the government’s relief package, say officials. The government had last month announced loans worth Rs 3 trillion for an estimated 4.5 million MSMEs that are faci...

Some experts think that one-time restructuring is required considering the business uncertainties, as lenders not only w...
03/06/2020

Some experts think that one-time restructuring is required considering the business uncertainties, as lenders not only want security of their money but also repayment. While it is understood that the moratorium would address the immediate requirement to manage financial stress of the borrowers but this is not the solution to the problem. Bankers believe that the moratorium will only prolong the inevitable — the NPA cycle. [ 850 more words ]

Some experts think that one-time restructuring is required considering the business uncertainties, as lenders not only want security of their money but also repayment. While it is understood that the moratorium would address the immediate requirement to manage financial stress of the borrowers but t...

With financial institutions turning towards higher provision due to the uncertainties brought by COVID-19, a trend of mi...
26/05/2020

With financial institutions turning towards higher provision due to the uncertainties brought by COVID-19, a trend of missed estimates for profits or unexpected losses is reflected in the books of various entities for quarter ended FY20. Customers are also seen availing the three-month moratorium on loan repayments, which is further expected to be extended, offered by banks in view of the pandemic. [ 467 more words ]

With financial institutions turning towards higher provision due to the uncertainties brought by COVID-19, a trend of missed estimates for profits or unexpected losses is reflected in the books of various entities for quarter ended FY20. Customers are also seen availing the three-month moratorium on...

Country's first all-women bank, Bharatiya Mahila Bank is eyeing to open a modest 33,400 customer accounts. Go to Source:...
07/05/2020

Country's first all-women bank, Bharatiya Mahila Bank is eyeing to open a modest 33,400 customer accounts. Go to Source: Read More Author:

Country’s first all-women bank, Bharatiya Mahila Bank is eyeing to open a modest 33,400 customer accounts. Go to Source: Read More Author:

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