Search For "loans"
Asset quality risks for banks, NBFCs remain elevated: ICRA
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 5 (ANI): A further deterioration in asset quality and the risks for banks and non-banking finance companies (NBFCs ) continue to remain high despite most of them reporting a decline in the loans under moratorium phase two (June to August 2020), rating agency ICRA said
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Record decline in securitisation volumes due to Covid-19: ICRA
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 4 (ANI): The securitisation volumes declined substantially in Q1 FY21 to Rs 7,500 crore from Rs 50,300 crore in Q1 FY20 primarily due to disruptions caused by the Covid-19 pandemic, investment information firm ICRA said on Tuesday.
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Govt widens criteria for loans to MSMEs
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 1 (ANI): The central government on Saturday changed the eligibility criteria of a scheme that provides government guaranteed loans to micro, small and medium enterprises (MSMEs) to enable other categories of borrowers also to take benefit of the same.
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Govt working with RBI on industry's need for loan restructuring: FM Sithar
Updated : 5 years, 7 months ago IST
New Delhi [India], July 31 (ANI): The government is working with Reserve Bank of India (RBI) on the industry's need for restructuring of loans to absorb the adverse impact of COVID-19 pandemic, Finance Minister Nirmala Sitharaman said on Friday.
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4 arrested in Delhi for running fake call centre, duping people
Updated : 5 years, 7 months ago IST
New Delhi [India], July 30 (ANI): The North West District Cyber Cell arrested four persons on Thursday for running a fake call centre that used to scam people under the pretext of providing cheap loans, a statement from the Deputy Commissioner of Police (North West), Vijayanta Arya said.
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HDFC profit falls 4.7 pc to Rs 3,052 cr
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 30 (ANI): Home loan lender Housing Development Finance Corporation (HDFC) on Thursday reported 4.7 per cent degrowth in its net profit during the quarter ended June at Rs 3,052 crore against Rs 3,203 crore in the year-ago period.
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Don't extend loan moratorium, able corporates not re-paying loans: Parekh
Updated : 5 years, 7 months ago IST
New Delhi [India], July 27 (ANI): Individuals and corporates having the ability to re-pay their loans are not doing so by taking advantage of the moratorium given by Reserve Bank of India (RBI), HDFC Chairman Deepak Parekh said on Monday.
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Banks have disbursed Rs 77,613.06 cr out of Rs 1,27,582.60 cr sanctioned u
Updated : 5 years, 8 months ago IST
New Delhi [India], July 22 (ANI): Banks have disbursed Rs 77,613.06 crore as of July 20 out of Rs 1,27,582.60 crore sanctioned under the 100 per cent Emergency Credit Line Guarantee Scheme (ECLGS), the office of Finance Minister Nirmala Sitharaman said in a tweet.
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Shares of Bajaj Finance jump 3.9 pc after June quarter performance
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 7 (ANI): The shares of Bajaj Finance jumped by 3.9 per cent in the afternoon on Tuesday, a day after the company said it may consider additional accelerated provisioning for COVID-19 in Q1 FY21 and to further strengthen its balance sheet.
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Edelweiss Financial Services clocks FY20 loss at Rs 2,045 crore
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): Diversified group Edelweiss Financial Services Ltd has reported a net loss of Rs 2,045 crore due to increase in provisions for impairment on loans and financial instruments.
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HDFC Bank advances up 21 pc at Rs 10 lakh crore by Q1-end
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): Private sector lender HDFC Bank on Saturday reported 21 per cent growth in its advances which totalled Rs 10.04 lakh crore on June 30 as compared to Rs 8.29 lakh crore a year ago and Rs 9.93 lakh crore on March 31.
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J&K Bank reports net loss of Rs 1,139 crore due to bad loans
Updated : 5 years, 8 months ago IST
Srinagar (Jammu and Kashmir) [India], June 30 (ANI): J&K Bank has registered a net loss of Rs 1,139 crore for the financial year ended March (FY20) due to higher provisioning for bad loans.
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