Page 2 - Indian Lenders

Ahead of festive season, lenders have a new worry of sub-9% deposit growth

Credit to industry has also expanded 9.5 per cent during this period

Ugro Capital aims to double loan book to nearly Rs 7,000 crore in FY23

Small businesses-focused lender Ugro Capital on Monday said it aims to double its loan book to around Rs 7,000 crore by the end of this fiscal as it expands co-lending tie-ups. At present, the NBFC (Non-Banking Finance Company) has a loan book of Rs 3,650 crore, growing from Rs 1,375 crore a year ago on the back of a record disbursal of Rs 1,359 crore in the first quarter of FY22, Shachindra Nath, chairman and managing director, told PTI. He said along with the loans originated through its platform, the company's cumulative assets is around Rs 6,300 crore. Currently, 21 per cent of its Asset Under Management (AUM) is raised through the origination route and he expects this to touch 35 per cent by the end of this fiscal. In the June 2021 quarter this was only 2 per cent of the total AUM. Going forward, the company's lending model will be led by co-origination, he said, adding the current off-book AUM stands at Rs 750 crore which is 21 per cent at the end of June. The company plans t

Lenders tag Bajaj Hindusthan as NPA, debt recast plan under discussion

Bajaj Hindusthan has defaulted to banks, UP farmers; says restructuring proposal is in accordance with RBI circular of June 7, 2019

Indian lenders worried over Future group's diminishing asset base

Future group shares crash as bankruptcy looms, putting entire shareholders' wealth at risk

Lenders seek urgent talks between Reddy and Spandana Sphoorty

Reddy quit abruptly in November 2021, following differences with the private equity investor on the future of the MFI, and on selling it

Lenders see faster resolution of Videocon debt with three big new bidders

Govt's PLI sops encourages Adani, Jindal to show interest in VIL's consumer durable business

DCB Bank Q3 net down 21.9% YoY to Rs 75 cr as other income falls

Sequentially, net profit rose marginally from Rs 65 crore in Q2FY22

IDFC First Bank raises Rs 1,500 cr via tier-II bonds, CAR to rise to 16.5%

LIC corners 60% of maiden issue

Spandana Sphoorty seeks forbearance and a waiver from its lenders

The company suffered a loss of Rs 58.87 crore in the September quarter (Q2FY22) on a sharp rise in impairments and other provisions

Lenders zero in on Hazel Mercantile offer for Reliance Naval and Engg

Hazel has made an offer of Rs 2,500 crore for the company after lenders asked it to sweeten its earlier offer

Four Indian entities among 20 largest Asia Pacific banks in Q3:S&P analysis

HDFC Bank was ranked seventh with a market cap of $119 billion

Banks invoke Rs 34K-crore personal guarantees in 200 cases so far

Action against 56 accounts in June quarter of FY22

Videocon lenders to eventually take only 50-55% haircut, says former CFO

While Anil Agarwal-led Vedanta Group has picked up Videocon Industries for Rs 2,962 crore, the bids for overseas assets are yet to be decided.

Lenders looking to enforce guarantees of former promoters of Aircel

Maxis gave Rs 12,000 cr guarantees to SBI

Let's step back from the NPA Scare

Regulators and agencies need to instil less fear in lenders, so that they are able to actively restructure debts

Sundaram Home Finance mulls raising Rs 2,500 crore to fund growth

Sundaram Home Finance is a wholly-owned subsidiary of non-banking finance company Sundaram Finance Ltd

Lenders seek fresh bids for JBF Petrochem after firm fails to get offers

The firm, a step-down subsidiary of JBF Industries, owes some Rs 5,000 cr to the lenders; search is on to find a buyer for its stalled Karnataka project

On the verge of bankruptcy: How Cafe Coffee Day ground to a halt

After group company Sical Logistics was sent to NCLT, the listed company is next in queue

IndusInd Bank's advances up 3% YoY and sequentially in Q4FY21

The bank told stock exchanges its deposits have gone up by 27 per cent YoY to Rs 2.56 trillion

MFIN welcomes RBI move to harmonise regulations for micro finance lenders

Microfinance Institutions Network (MFIN) on Friday welcomed the Reserve Bank's decision to come out with a consultative document to harmonise regulatory framework for micro financiers.