Page 4 - Loan
NTPC to raise $750 mn via ECB term loan for expansion in RE, coal mining
The loan shall be unsecured, without any guarantee or letter of comfort from Govt of India
 "NTPC to raise $750 mn via ECB term loan for expansion in RE, coal mining")
Federal Bank Q3 advances up 12% YoY, top those of most other lenders
Its pace of loan book expansion was higher than the 7.3 per cent YoY growth shown by commercial banks in India as a group till middle of December 2021
 "Federal Bank Q3 advances up 12% YoY, top those of most other lenders")
MFIs may close FY22 with 12-15% loan growth as delinquencies fall: Report
The industry closed the first six months of the current fiscal with asset growth of only five per cent, rating agency ICRA NSE 0.06 % said in the report released on Wednesday.
 "MFIs may close FY22 with 12-15% loan growth as delinquencies fall: Report")
NaBFID to start lending operations in Q1FY23, says Chairman K V Kamath
The DFI would have a chairman, two government nominees, and four whole-time directors, says Kamath
 "NaBFID to start lending operations in Q1FY23, says Chairman K V Kamath")
MFIs want Rs 3 lakh as loan cut-off to widen scope of eligible borrowers
If the RBI agrees to this suggestion, 50 million MFI customers will join the current net of 60 million and an outstanding portfolio of Rs 2.45 trillion
 "MFIs want Rs 3 lakh as loan cut-off to widen scope of eligible borrowers")
MSME lending platform LoanKuber raises Rs 13 cr in pre-Series A round
The company aims to grow its loan book to Rs 75 crore in the next 12 months
 "MSME lending platform LoanKuber raises Rs 13 cr in pre-Series A round")
Exercise due diligence, avoid digital lenders that make borrowing too easy
The absence of due process-KYC, issuance of sanction letter and loan agreement-should act as red flags
 "Exercise due diligence, avoid digital lenders that make borrowing too easy")
Want low-interest loan this festive season? Need a credit score over 750
In fact, you should monitor your credit score regularly because if it is low, it will take time to improve it
 "Want low-interest loan this festive season? Need a credit score over 750")
Sri Lanka seeks $500 million loan from India for fuel purchase
The move came few days after energy minister Udaya Gammanpila warned that the current availability of fuel in the country can be guaranteed only till next January.
 "Sri Lanka seeks $500 million loan from India for fuel purchase")
Gold loans firms' FY22 book to grow at 18-20% on tiny biz demand: Crisil
Working capital needs drive uptick in demand; gold loans taken by individuals support uptrend
 "Gold loans firms' FY22 book to grow at 18-20% on tiny biz demand: Crisil")
Federal Bank records 10% loan growth in Q2
Private sector lender Federal Bank on Sunday said it has posted a 10 per cent growth in advances at Rs 1,37,309 crore for the second quarter ended September 30.
 "Federal Bank records 10% loan growth in Q2")
AIIB to extend $356 mn loan for Chennai Metro Rail expansion
Phase-2 of the project will ensure seamless multimodal transport across Chennai, with integrated access to suburban rail, bus stations and the main airport
 "AIIB to extend $356 mn loan for Chennai Metro Rail expansion")
Govt expands ECLGS coverage ahead of festive season, economic upturn
The ECLG scheme will now end on March 31, 2022 or till guarantees for Rs 4.5 trn are issued, whichever is earlier. However, loans under the scheme can be disbursed till June 30
 "Govt expands ECLGS coverage ahead of festive season, economic upturn")
NTPC invites offers for raising up to Rs 5,000 crore as rupee term loan
NTPC said the loan will be utilised towards capital expenditure for ongoing/new capacity addition programmes
 "NTPC invites offers for raising up to Rs 5,000 crore as rupee term loan")
HSBC profit more than doubles, loan-loss fears ebb as economies rebound
Encouraged by an economic rebound in Hong Kong and Britain, HSBC reinstated dividend payments, flagged higher payouts in future, and released $700 mn that was set aside as provisions
 "HSBC profit more than doubles, loan-loss fears ebb as economies rebound")
IDBI Bank expects its gross NPAs to come down to 15% by FY22-end
Growth in loan book and transfer of some bad assets to NARC will fuel the reduction in gross NPAs
 "IDBI Bank expects its gross NPAs to come down to 15% by FY22-end")
RBI increases loan limit of bank directors to Rs 5 cr from Rs 25 lakh
Said unless sanctioned by board or management committee, banks should not grant loans of Rs 5 crore or more to relatives other than spouse and dependent children of their top brass
 "RBI increases loan limit of bank directors to Rs 5 cr from Rs 25 lakh")
Bajaj Finance's Q1 standalone net down 3% on higher loan loss provisions
On a consolidated basis, its net profit was down 4% to Rs 1,002 cr
 "Bajaj Finance's Q1 standalone net down 3% on higher loan loss provisions")
OYO raises $660 mn term loan funding from global institutional investors
Hospitality firm OYO on Friday said it has raised TLB funding of $660 million from global institutional investors and the capital will be used for paring debt and other business investments
 "OYO raises $660 mn term loan funding from global institutional investors")
Overdue loans could spike fresh slippages in H1 of FY22, says Icra
However, restructuring and enhanced funding of Rs 1.5 trillion under government guaranteed credit scheme could provide some relief for lenders
 "Overdue loans could spike fresh slippages in H1 of FY22, says Icra")
