Banks Borrowings

Banking system sheltered from wider sector turmoil seen globally: FSDC

FSDC considers the country's banking system to be protected from any spillover from issues in the sector globally, country's economic affairs secretary said

Bank borrowings jump 64% in FY23, cross Rs 5 trillion mark for first time

Reliance on short-term funding increases as bank borrowings average Rs 4.2 trn

NBFCs need to be mindful of rising borrowing costs, says RBI report

'NBFCs need to be wary of rising borrowing costs as financial conditions tighten'

Bank borrowings up 2x amid rush to fund credit growth, shows RBI data

As liquidity shrinks, lenders' reliance on short-term funding routes increases

NFRA warns auditors against non-accrual of interest on NPA borrowings

Mere classification of a firm's loans as NPAs by lender banks does not relieve the borrower from its liability towards payment of interest or the principal, the authority says

Gone with the loan: Indian travelphiles bank big on 'travel now, pay later'

Maldivian blues or Rajasthan's sand dunes? Keen on both, Rakesh Mandavaya had a budget for none. That's when he learnt of the travel now pay later' option offered by banks and fintech companies. And the rest, as they say, is his Maldives travel history he can't stop gushing about. The 37-year-old, who managed a memorable holiday and that too a foreign one, said his six-month interest free loan for Rs 1.5 lakh was approved in just a day. "Since my trip was an impromptu one, I didn't have enough time to plan it or money to fund it. Then a friend told me about travel loans. The process was super easy," the Delhi-based IT professional told PTI. "I think the demand for such a loan category was always there. It is useful for everyone, especially salaried employees. It will encourage people to see new places and make holiday memories," he added. The TNPL acronym for the travel now pay later' trend has caught on, a variation of the buy now pay later' (BNPL) segment where customers buy ...

Adani Group says not overleaveraged, loans from public sector banks halved

Richest Indian Gautam Adani's conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged. In a 15-page note in response to CreditSights report calling the group overleveraged, it said companies in the group have consistently de-levered, with the net debt to Ebitda ratio declining to 3.2 times from 7.6 times in the last nine years. "The businesses operate on a simple yet robust and repeatable business model focused on development and origination, operations and management and capital management plan," the note, reviewed by PTI, said. The group had a gross debt of Rs 1.88 lakh crore in March 2022 and net debt of Rs 1.61 lakh crore after considering the cash balance. While loans from public sector banks in 2015-16 accounted for 55 per cent of all debt of the group firms, in 2021-22, borrowing from PSBs made up for 21 per cent of all debt, it said. In FY2016, private banks

Banks wrote off Rs 10 trillion in last five financial years: Centre

A recent Parliament reply disclosed that scheduled commercial banks have written off loans worth about Rs 10 lakh crore in the last five financial years

As credit demand grows, banks may soon be scrambling for deposits

Loan growth in India is at a 3-year high and seen inching up further as economic activity gains traction but a much slower growth in deposits could send banks scurrying for funds

Banks recover over Rs 7.34 trn in six-and-a-half years to Dec 2021: Govt

On recovery of fraud amounts, the minister said Rs 55,895 crore have been recovered in the past six financial years and the current financial year up to December 31, 2021, he said

Non-cooperation movement of Indian borrowers

Borrowers who stop cooperating hardly bother since there is no real threat and immediate penalty, and some banks are happy to give loans without insisting on ratings

Indian banks will face heat of second Covid wave in H1 of FY22: S&P

Weak loans to stay elevated 11-12% for next 12-18 months

Banks so far lent 90% of Rs 3 trn under emergency credit scheme: Report

Banks have so far lent 90 per cent of the Rs 3 lakh crore under emergency credit line guarantee scheme announced last year to help small businesses tide over the pandemic

Guarantees for MFI loans to kickstart lending in rural areas, say experts

Scheme extended to term loans from banks to MFIs for on-lending; tenure of loan extended to 36 months from 18 months earlier, with cap on interest rate charged by banks

We have given G-SAP 1.0 a distinct character, say RBI's Das & Patra

We are giving up this discretion to give an explicit assurance to the markets that we will assist them in the conduct of the borrowing programme, said Patra

Interest relief: A simple scheme with wide coverage, say experts

The quantum of benefit for borrowers, however, will not be very large

Govt's ex-gratia payment of interest on interest to cover 75% borrowers

The tab that the government will pick-up for such concession is estimated at about Rs 7,500 crore, according to CRISIL's analysis

RBI battle-ready to meet economy's needs: Governor Shaktikanta Das

Says protecting depositors' money, ensuring financial stability key concern

Spike in bank deposits in Jan-May due to borrowings, not savings: Report

Cash in circulation has risen strongly by around Rs 3.5 trillion during the first five months of 2020, the highest in the past two decades

Urban co-operative banks seek guarantee cover for their MSME borrowers

UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore