In absolute terms, the outstanding book value of NPAs of LIC in the debt portfolio across life, pension and unit-linked funds is to the tune of Rs 32,685.39 crore at the end of December 2019.
The financial services sector, including NBFCs and housing finance companies (HFCs), have historically been the largest borrowers from MFs.
The Securities and Exchange Board of India (Sebi) has amended rules governing mutual funds to allow the domestic fund houses to engage in short-selling of securities and stock lending and borrowing.
The unions also suggested banks can extend special and exclusive loans to the airline to pay the salary dues or some subsistence payments to them against proper collateral.
By evaluating their loan rate against the best available every year, borrowers can achieve considerable savings over the entire tenor, suggests Sanjay Kumar Singh.
The coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank.
Lack of decisiveness and courage to deal with PSBs may turn out be the biggest impediment to the Modi government's economic initiatives, says Debashis Basu.
The question is which tool it should use to shift gear.
While rate cuts may increase churn between banks, these may not boost credit offtake meaningfully.
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
With gold prices on the rise, financial institutions are trying different ways to attract the customer.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
If you have availed a home loan from an NBFC, you can shift your existing home loan to a bank and benefit from the MCLR regime, suggests Ratan Choudhary, head - home loans, Paisabazaar.com.
Data used for the graph and cited elsewhere in the column were obtained from various publications of the RBI.
The government and Reserve Bank of India are considering a series of measures to enhance credit flow to the\n\nsmall scale industry at prime lending rates and on collateral security.
Reeling under strict restrictions with no access to communication since August 5 when the Centre announced its decision to end Jammu and Kashmir's special status under Article 370 and bifurcate the state into two union territories, the people in the Valley have been facing a hair-raising challenge of finding a hairdresser to have their unkempt beards trimmed and unruly locks chopped.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
A Mumbai lawyer and a Beed engineer joined arrested climate activist Disha Ravi in creating a protest toolkit backing the farmers' agitation with the aim of 'tarnishing the image of India' and collaborated with pro-Khalistani elements, Delhi Police officials said on Monday.
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
The RBI has targeted 6 per cent inflation by January and 4 per cent by March 2018.
In recent times, the multilateral lending agency extended financial aid to crisis-hit nations such as Greece and Romania.
The stakeholders want protection from any litigation which might arise due to fresh claims against the company, especially after PE funds have bought stake in the company and the resolution plan has been cleared by the bankers.
Much before the human rights violation by the Pakistani Army became public through the media, a top American diplomat stationed in Islamabad had advised the US Government to keep reports of such abuses under wraps.
Home loans also pose lower bad-debt risks for the banks than corporate loans.
Reserve requirements, mandatory investment in G-secs under Companies Act may slow lending for HNI investment in IPOs.
The ensuing liquidity crisis has prompted many MFIs to seek a moratorium on loan repayment to banks.MFIs raise 75-80 per cent of their funds via bank borrowings, 15 per cent from equity and another 10 per cent from other sources like cash securities.
Collateralisation of other loans and prior approval for additional leverage are things to watch out for
Market regulator SEBI on Tuesday relaxed the reporting requirement on lending of securities by FIIs for the purpose of short selling.
'People can start making a safety net, and that safety net should be at least three months of your monthly salary.' 'If somebody is earning Rs 25,000 then s/he should have at least Rs 75,000 in her/his bank account, so that if anything like this (lockdowns) happens in the future, they are not struggling.'
RBI has also announced new guidelines to price loans from April 1.
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
Highlights of RBI's third quarter review of monetary policy.
'The Indian government wakes up after the fact when it can do nothing, or rather lacks the will to prosecute military actions to reverse these adverse PLA-driven developments.'
The chairman of mortgage giant HDFC Ltd in his annual letter to shareholders, also suggested a one-time restructuring of real estate loans, easing of external commercial borrowing rules and immediate changes in regulations to allow end-to-end execution of housing loans online.
Concerned over reports that Mumbai terror suspect David Headley may enter into a plea bargain with prosecutors in Chicago, Indian security establishment feels that it would lend credence to suspicions that he may have been working for the Americans.
Finance Minister Nirmala Sitharaman has rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people in a brazen manner".
Banking shares are down up to 11% after the Reserve Bank of India has increased the policy repo rate by 25 basis points from 7.25% to 7.5% with immediate effect.
On February 22, 2013, the Reserve Bank of India issued guidelines on 'Licensing of New Banks in the Private Sector'.
