Page 16 - Bank Loans

A silent Surat: No orders, dormant looms and no diamond polishing

The final part of the series looks at how industries are waiting for demand to bounce back

High risk aversion of most lenders is astounding, says Bajaj Finserv CMD

Instead of extending the moratorium by another three months, it would have been better to allow lenders to offer a one-time restructuring only to those who need it, says Sanjiv Bajaj

Moratorium may make your loan expensive but will protect your credit score

Reserve Bank of India has extended the moratorium on equated monthly instalments (EMIs) by another three months - till August 31, 2020

Already in debt, Delhi street vendors say they want relief, not more loans

Because of lockdown, most street vendors were not able to earn anything and had to borrow money for survival. Not many will be able to repay the loans offered by the govt, vendors say

Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker

3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact

Bank of Baroda to advance Rs 12,000 crore to MSMEs under govt scheme

Under the scheme, the government will offer 100 per cent guarantee on loans.

Don't fear CBI, CVC, CAG; extend loan to eligible borrowers: FM to bankers

In case of default, the individual bank or official will be hauled up, she said in a conversation with BJP leader Nalin Kohli uploaded on the party's social media platforms

Fiat Chrysler in talks for $6.8 bn loan to tide over coronavirus crisis

If approved by the lender, the request will be reviewed by Italy's export credit agency SACE

Retail, MSME loans to get cheaper as RBI cuts repo rate in surprise action

HDFC Bank cuts base rate by 55 bps; SBI calls ALCO meeting to take call

Last rate cut for now but there're more bullets in RBI's chamber

Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.

New borrowers set to get maximum benefit as RBI delivers another rate cut

Since the repo rate has been revised by 115 bps in the last two months, EMIs would fall when banks reset loan rates

Bank credit growth slowed in Dec quarter on muted industrial demand

Loans sanctioned by public sector banks (PSBs) at the end of May 8 stood at Rs 5.95 trillion

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings

Credit costs could touch Rs 2.7 trillion

Lockdown 4.0: Normalcy returning for shadow lenders, albeit at a slow pace

Enquiries for fresh loans see uptick

Covid-19 crisis: Banks seek relaxed NPA norms, moratorium extension

Senior bank executives said the Indian Banks' Association (IBA) has already approached the Reserve Bank of India with a plea for easing regulatory norms

What steps did the govt take to prevent MSMEs from defaulting on loans?

Two important steps have been taken in this regard by the govt

Stimulus 2.0: Banks will monitor solvency, guarantees cool credit risk fear

While the issue of providing liquidity to existing borrowers who are sapped of revenues has been addressed, banks will have to undertake due diligence on the solvency of units, said bankers.

Not offering any emergency loan through YONO platform, clarifies SBI

SBI, however, said it is in the process of introducing a pre-approved personal loan offering through YONO to provide relief to its salaried customers during Covid-19 crisis

West Bengal's SLBC to increase rural loans from Rs 4400 cr to Rs 10000 cr

In addition, West Bengal will also request the Reserve Bank of India (RBI) to increase the additional credit limit to MSMEs, to 30 per cent from the existing 10 per cent.

Covid-19 crisis: SBI's 10% term loan customers opt for moratorium on EMIs

Senior SBI executives said most of those seeking deferment are retail and micro and small enterprises and are hard-pressed for resources when earning and cash flows have almost dried up.