Search For "borrower"
Village Financial Services (VFS) selects Craft Silicon as a technology par
Updated : 5 years, 3 months ago IST
New Delhi [India], December 9 (ANI/BusinessWire India): Village Financial Services (VFS), a leading NBFC-MFI in Eastern India engaged in the business of lending to women borrowers has announced to enhance its digital journey through Craft Silicon's BR.NET Micro Lending suite.
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Asia Pacific issuers take divergent tracks on recovery path: S&P
Updated : 5 years, 3 months ago IST
Melbourne [Australia], December 7 (ANI): As borrowers rebuild businesses and finances in 2021, the operating backdrop should improve with economies rebounding and COVID-19 vaccines coming online, S&P Global Ratings said on Monday.
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RBI directs lending institutions to implement scheme for waiver of interes
Updated : 5 years, 4 months ago IST
New Delhi [India], October 27 (ANI): The Reserve Bank of India (RBI) has directed all lending institutions to implement provisions of the scheme for grant of ex-gratia payment of the difference between compound and simple interest from March 1 to August 31 to borrowers in specified loan acco
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Centre files affidavit before SC in loan moratorium case
Updated : 5 years, 4 months ago IST
New Delhi [India], October 25 (ANI): The Central Government has filed its detailed affidavit before the Supreme Court in connection with the loan moratorium case where it has stated that the interest waiver scheme can be availed by borrowers in specified loan accounts for a period from March
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COVID: No interest on interest for loans up to Rs 2 crore during moratoriu
Updated : 5 years, 4 months ago IST
New Delhi [India], October 24 (ANI): The Ministry of Finance has approved a scheme to provide relief in interest compounding to borrowers for the six-month loan moratorium period extended in view of the COVID-19 pandemic.
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Loan moratorium exceeding six months can impact credit behaviour of borrow
Updated : 5 years, 5 months ago IST
New Delhi [India], October 10 (ANI): Extending the loan moratorium, which was announced to cope with the economic fallout of COVID-19, by another six months can impact the credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments, the Reserve
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CBI registers case against private company over bank fraud
Updated : 5 years, 5 months ago IST
New Delhi [India], October 8 (ANI): The Central Bureau of Investigation (CBI) on Thursday registered a case against a private (borrower) company and others on the allegations of causing an alleged loss of approximately Rs 826.17 crore to Punjab National Bank (PNB) and other consortium banks.
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A-Pac bank provisioning set to remain elevated in 2021: Fitch
Updated : 5 years, 5 months ago IST
Singapore, October 1 (ANI): Provisioning levels will remain elevated across Asia Pacific (A-Pac) banking sectors in the second half of this year and 2021, according to Fitch Ratings.
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Care downgrades Repco Home Finance's loan facilities, NCDs to AA-minus
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 19 (ANI): Care Ratings has revised the rating of Chennai-based Repco Home Finance's long-term loan facilities and non-convertible debentures worth Rs 1,620 crore to AA-minus with stable outlook from AA with negative outlook.
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FM Sitharaman asks banks to roll out loan resolution schemes by mid-Septem
Updated : 5 years, 6 months ago IST
New Delhi [India], September 3 (ANI): Finance Minister Nirmala Sitharaman on Thursday asked bankers to roll out loan resolution schemes by September 15 and COVID-19 related distress must not impact their assessment of borrowers' creditworthiness.
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SC tags pleas seeking to extend moratorium period, forego interest on loan
Updated : 5 years, 6 months ago IST
New Delhi [India], Aug 28 (ANI): The Supreme Court on Friday tagged a petition, filed by advocate Vishal Tiwari seeking directions to extend the moratorium period to help borrowers in deferring their EMI payment on term loans amid the pandemic, with another pending plea.
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Resolution framework to give durable relief to borrowers facing COVID-19 r
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 27 (ANI): While the Reserve Bank of India's (RBI's) moratorium on repaying loans was a temporary solution in the context of COVID-19 lockdown, the resolution framework is expected to give a durable relief to borrowers facing the pandemic-related stress, Gove
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