Page 2 - Lending

Yubi ties up with U GRO Capital for co-lending and supply chain financing

Through this collaboration, the brands will provide MSMEs with financing of more than Rs 2,000 cr by March 2023

DeFi can't hold a candle to the centuries-old trust-based system hawala

Decentralized finance needs to give up on its techno-anarchist utopia, and get more real and centralized. Otherwise DeFi lending will enter annals of finance as failure where hawala has been success

Edtech company Byju's has to get $1.2-billion term loan rated by August

The company last year had exhausted its limit for corporate guarantees which are capped at $1 billion per year, primarily to fund acquisitions overseas

Sebi to join Account Aggregator ecosystem, says Chairperson Madhabi Buch

AA ecosystem is a UPI moment for the lending ecosystem as it will allow sharing of data seamlessly and fast and without the need for physical documents.

Fintech delinquency rates are not alarming: LenDenClub CEO Bhavin Patel

The government is focusing on certain sectors like, say, infrastructure, and you will have a boom as a result of this: Patel

Renegotiate home loan terms after borrower's death, say analysts

If heir provides guarantees, lender may ease repayment schedule

Govt sets Rs 1-trillion infrastructure lending target for DFI

An action plan is being prepared on making the newly set up DFI functional and operationalising the Rs 1-trillion target

NARCL to make binding offers to lenders by March 31, say bankers

NARCL is a public sector entity and will have to follow a competitive bidding process for these assets using the Swiss Challenge method.

Govt to extend loan scheme for building healthcare, medical infrastructure

Finance Secretary TV Somanathan said the scheme will be extended by another three months to June 2022.

Banks, financial institutions rush to raise funds as credit growth picks up

Overall credit growth for the current financial year may remain in single-digit in the current financial year, though there will be improvement as compared to 2020-21.

HDFC Bank aims to recoup credit card spend market share loss

Since August 2021, HDFC Bank's market share - in terms of spend - is down 170-basis points (bps).

MFI Spandana Sphoorty expects to disburse Rs 1,000 cr in Q4 of FY22

The company had put disbursements on hold in Q3FY22 after its managing director Padmaja Reddy resigned abruptly last November

Spandana Sphoorty posts consolidated net profit of Rs 45.1 cr in Q3FY22

The income from operations of Spandana Sphoorty Financial on a consolidated basis, in the reporting quarter, rose marginally to Rs 346.1 crore compared to Rs 337.9 crore in Q3FY21.

Tata Capital, arm to raise Rs 1,500 cr via NCDs to build lending biz

TCL to raise Rs 1,000 cr; TCFS to raise Rs 500 cr

HDFC second quarter net profit rises 32% to Rs 3,780 crore

HDFC scrip was trading at Rs 2,901.35 apiece on BSE, up 2.02 per cent from the previous close

FY22 credit growth turns positive first-time ever

What stands out this time around is that positive growth happened despite a more debilitating impact of the second wave of the Covid-19 pandemic

BharatPe aims to facilitate $300 mn loan book for lending partners

Fintech firm BharatPe on Wednesday announced its foray into the 'Buy Now Pay Later' (BNPL) category with 'postpe'

RBI announces revised rules for securitisation of standard assets

The Reserve Bank on Friday issued Master Direction on loan transfer, requiring banks and other lending institutions to have a comprehensive board-approved policy for such transactions.

Bank of India ties-up with MAS Financial Services for co-lending

State-owned Bank of India (BOI) on Tuesday said it has entered into a co-lending arrangement with MAS Financial Services for MSME loans. The tie-up comes on the occasion of the bank's 116th Foundation Day. Co-lending was introduced by the RBI to increase the credit flow to the unserved and underserved sector by utilising the nimble-footed NBFC coverage to the informal sector. BOI will leverage the reach of NBFC to build an MSME portfolio, Atanu Kumar Das, Managing Director & CEO, Bank of India said in a release. Celebrating Foundation Day across all its 10 national banking group (NBG) offices, 59 zonal offices, 5,084 domestic and 23 overseas branches, and 5,323 ATMs, Das expressed gratitude to all the stakeholders. The bank marked the special occasion by celebrating 'Azadi Ka Amrit Mahotsav' and pledged to continue serving the nation and its citizens. On the occasion, the bank unveiled various new schemes for farmers and undertook several initiatives, such as tree plantation, ...

Account Aggregator system can democratise credit, bolster lending ecosystem

An AA enables a free and instant exchange of financial data between FIUs and FIPs with the consent of customers