Strong demand for loans helps banks maintain robust credit growth in Q4
Mumbai: Indian lenders, led by HDFC Bank, continued to report strong credit growth in the March quarter on the back of robust pick-up in retail and corporate loans. HDFC Bank…
Data | Five Southern States took off-Budget loans worth ₹2.34 lakh crore in FY21
While tabling the Budget a week ago, Telangana Finance Minister T. Harish Rao accused the Centre of “creating hurdles after hurdles” in the development of the State. He said that…
Parliament proceedings | Banks write off loans worth ₹11.17 lakh crore in last six years
“Banks have written off ₹11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22,” Parliament was informed on December 20. The non-performing assets…
Covid 3.0 could impact banks’ asset quality in Q4: Icra
Mumbai: The third Covid-19 wave poses a risk to the asset quality of banks, as many restructured loans would be out of their moratorium period from the fourth quarter of…
Dying Libor gives rise to risk-free rate benchmarks
The London Interbank Offer Rate, commonly known as Libor, is the most widely used benchmark in many financial products ranging from loans to derivatives. Libor has suffered from manipulations and…
RBI panel suggests steps to broaden digital lending
Mumbai: The Reserve Bank of India is proposing to keep commercial banks at the centre of the digital lending universe to ensure that technology is harnessed to distribute credit to…
PSU banks seek RBI oversight on IDRCL for smooth NPA resolution
Mumbai: State-owned lenders and the Reserve Bank of India (RBI) are trying to sort out the regulatory and legal status of the private sector company that would resolve the sticky…
Festive season should add cheer to BFSI plays, can be an opportunity for investors
The breakout of Covid 2.0 significantly disrupted India’s business activity in the initial months of FY22, especially during April-May’21. However, with gradual unlocking of the economy from July 2021 onwards,…
Household indebtedness more than doubled over the last decade: SBI report
Household indebtedness has more than doubled over the last decade. But the good part is that reliance on informal sources of finance has fallen over the period according to a…
NBFCs open their wallets as demand for credit surges
Demand for loans to purchase trucks and construction equipment is gathering steam and back to the pre-Covid levels on rising infrastructure spending by governments and capital expenditure by private companies.…