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Defaults in Asia fall, ratings remain effective indicators of credit risk:
Updated : 4 years, 9 months ago IST
Singapore, June 23 (ANI): Nine companies rated by S&P Global Ratings including two confidential issuers defaulted in Asia last year, accounting for 1.7 per cent of the 353.4 billion dollars in debt globally affected.
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We can't go into govt's policy decisions: SC on plea to help borrowers tid
Updated : 4 years, 9 months ago IST
New Delhi [India], June 11 (ANI): The Supreme Court on Friday refused to pass any order in connection with the Public Interest Litigation (PIL) seeking a direction to the Union of India to take effective and remedial measures to redress and overcome the financial stress and hardship faced by
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SC to hear tomorrow plea seeking directions to Centre for measures to over
Updated : 4 years, 9 months ago IST
New Delhi [India], June 10 (ANI): The Supreme Court will hear on Friday a petition seeking a direction to the Centre to take effective and remedial measures to redress and overcome the financial stress and hardship faced by the borrowers of the country during the second wave of Covid-19 and
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Extension in period for repayment under ECLGS will help MSMEs - Chairman T
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 4 (ANI/News Voir): The Government has modified the ECLGS (Emergency Credit Line Guarantee Scheme). Borrowers who are eligible for restructuring as per RBI guidelines of May 05, 2021 and had availed loans under ECLGS 1.0 of overall period of four years compr
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Lockdowns adversely impact collections of non-bank finance companies: ICRA
Updated : 4 years, 9 months ago IST
New Delhi [India], June 3 (ANI): Investment information firm ICRA has said that non-banks (non-banking finance companies and housing finance companies) will feel the stress of second wave Covid-19 lockdowns and movement restrictions imposed by various states in April and May.
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Vehicle financers face risk with falling fleet utilisation: Ind-Ra
Updated : 4 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 26 (ANI): India Ratings and Research (Ind-Ra) has said the second Covid wave will have a material impact on vehicle financers' asset quality as borrowers are grappling with reduced capacity utilisation and increased operating costs.
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SC to hear PIL seeking direction to Centre for measures to overcome financ
Updated : 4 years, 10 months ago IST
New Delhi [India], May 22 (ANI): The Supreme Court on Friday agreed to hear the Public Interest Litigation (PIL) seeking a direction to the Centre to take measures to overcome the financial stress faced by borrowers of the country during the second wave of COVID19 and lockdown on May 24.
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RBI Governor meets chiefs of PSU banks amid COVID-19 challenges
Updated : 4 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 19 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday held a virtual meeting with managing directors and CEOs of public sector banks to discuss credit flows for small borrowers and micro, small and medium enterprises (MSMEs) in the b
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Plea in SC seeks relief to loan borrowers hit by lockdowns
Updated : 4 years, 10 months ago IST
New Delhi [India], May 11 (ANI): A Public Interest Litigation (PIL) has been filed before the Supreme Court on Tuesday seeking a direction to the Union of India (UOI) to take effective and remedial measures to address the financial stress and hardships being faced by the loan borrowers of th
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SBI cuts home loan interest rate to 6.7 pc
Updated : 4 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 1 (ANI): State Bank of India (SBI) said on Saturday it has reduced home loans rates from 6.95 per cent to 6.7 per cent.
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Plea in SC seeks direction to RBI for incentive packages, interim relief f
Updated : 4 years, 11 months ago IST
New Delhi [India], April 15 (ANI): A writ petition has been filed before the Supreme Court seeking a direction to the RBI to issue instructions and guidelines to initiate incentive packages and interim relief for the commercial borrowers attached into small scale business in the wake of the
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This Summer, make new memories with the help of Fullerton India
Updated : 5 years ago IST
Mumbai (Maharashtra) [India], March 16 (ANI/BusinessWire India): Fullerton India, a leading NBFC in India offers attractive personal loans to borrowers this season. Whether it is spending on a Holi extravaganza, planning a fun summer, or getting the latest appliances to keep up with the soar
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