Page 7 - Loans

Power Finance Corporation inks pact with JBIC for $220-million loan

"PFC has signed a loan agreement for JPY 30 Billion with Japan Bank for International Cooperation (JBIC) on 7th July, 2022," the company said in a statement

Weak rupee a worry for Indian firms as 44% foreign loans unhedged

Experts say firms will have to either immediately take forward cover or book losses if Rs depreciates further

Facilitated Rs 3,600 cr loans in Q1FY23, up 112% QoQ, says BharatPe

Helped disbursals to over 120,000 merchants in Q1FY23, up from 66,000 merchants in Q4FY22

AU Small Finance Bank's loans grow 42 % YoY in Q1 on positive sentiment

AU SFB said that the retail-to-wholesale loan ratio stood at about 90:10 as of June 2022, versus around 88:12 as of March 31, 2022

Hitch a ride on a fixed-rate car loan and shield yourself from another hike

But lenders can impose restrictive conditions on prepayment and foreclosure

State market borrowings down 23.7% YoY in Q1FY23 on strong cash flows

Icra said a comfortable cash flow position of the state governments was due to a back-ended release of tax devolution to the states in FY2022

Cash- starved Pak makes appeal for fresh loans, UAE offers bailout deal

In response to cash-strapped Pakistan's request for fresh loans, the UAE has offered to buy minority shares in publicly-listed government-owned companies at a negotiated price

The RBI is no fan of 'buy now, pay later' and it's wholly understandable

Last week, the Reserve Bank of India brought out its regulatory axe and hacked away at a popular path to small-ticket fintech loans

Cut-off yields ease by 7-8 bps at State bond auction as borrowings taper

This week, spread between weighted average 10-year SDL and 10-year GOI bond yield was up slightly to 37 bps from 36 bps earlier

What is Udyam registration for MSMEs?

Loan demand of micro, small and medium enterprises (MSMEs) is rising. But how do one register to set up an MSME? For this the govt had launched an online system called Udyam. Let us know more about it

Loan demand is bouncing back after 2 yrs of credit contraction: SBI chief

Companies are steadily drawing down from a $71 billion loan pipeline, said Dinesh Kumar Khara

DMRC invites bids from 18 banks to raise loans to buy Airport Line assets

"DMRC invites bids in two parts i.e. part I -- unpriced bid and part II -- price bid from banks to whom this letter of invitation is sent to submit their most competitive rate," reads the letter

Promoters' loans, rising earnings help Adani cos to slash interest costs

Group plans to list infra SPVs to slash debt

Mudra loans worth Rs 36,578 cr sanctioned to 5.4 mn borrowers in April-May

A total of Rs 19.22 trillion loans have been sanctioned to 353 million borrowers under the scheme in seven years since inception

Credit offtake remains robust in April across sectors, shows RBI data

Loans to medium-sized industries gerew 53.5% this April as compared with 44.8% a year ago

Manage cash flow mismatches with loan against securities: Experts

If you pledge market-linked instruments and their value plummets, you will have to provide additional collateral

Bandhan Bank to increase exposure to secured loans to MSME: MD & CEO

Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, its Managing Director and CEO Chandra Shekhar Ghosh said.

Overseas loan business of 6 Indian banks up 7-33% in FY22, shows data

Bank officials said India-centric business had predominant share - funding exports and imports as well as terms loans.

Shriram City to focus on small biz, gold loans in FY23; aims 18% AUM growth

Shriram City Union Finance will focus on personal, gold and small business loans to achieve its 18 per cent growth in AUM in the current fiscal year amid a slowdown in demand for two-wheelers due to shortage of components and other factors, a top company executive said. Noting that the demand in the economy has not yet fully recovered, while rural and semi-urban areas have been doing better now, Y S Chakravarti, MD & CEO, said majority of the company's business comes from semi-urban and rural markets and anything good for the rural economy will help the company's business. "Our focus will be on personal loan, gold loan and small business loans. In terms of economic recovery, we have not recovered fully. Urban areas are still struggling, to some extent the rural economy has picked up probably because, one the harvest has been good and in current year also there is good rainfall prediction,"Chakravarti told PTI in an interaction. He said the crop harvests and also the prices are ...

Paytm says lending business now at annualised run-rate of Rs 20,000 cr

Digital payments Paytm said its lending business saw a 449 per cent increase in number of loans disbursed in April and business now has an annualised run-rate of Rs 20,000 crore