Bank of Maharashtra reports 23% increase in its loan book in Q3 FY21-2022
The public sector bank Rs 1.29 trillion as of December 31, 2021 (Q3FY22), as against Rs 1.04 million in the same quarter in the previous fiscal.
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HDFC Ltd reports Q3 result, loan allotment increases by 5%
The Mortgage financier sold loans that amounted to Rs 27,591 crores in 2021 as compared to Rs 16,956 crores in the previous year.
RBI refines standards for upgrading accounts classified under NPAs
The RBI has said the lenders have to follow these instructions by December 31, 2021, as new loans are affected, but in the case of enduring loans, these directions should be followed as and when such loans become due for renewal/review.
Gross NPAs of banks to reach 9% this fiscal year: CRISIL
The COVID-19 easing projects such as the restructuring dispensation and the Emergency Credit Line Guarantee Scheme (ECLGS) will help curb the rise.
CEO of Union Bank of India: restructures loans worth Rs 13,000 crore, follows resolution framework by RBI
On August 6, 2020, the first resolution framework was issued and was applied to all the categories of borrowers affected by the COVID-related stress.
Paytm aims to double loan disbursements to Rs 1,000 crores for MSMEs
Financial service platform Paytm on Monday announced its decision to double loan disbursements from Rs 550 crore in last fiscal year to Rs 1,000 crore by March 2021.
Loan Moratorium Case: SC schedules next hearing on November 18
The pleas sought that no interest should be charged during the moratorium as citizens were facing “extreme hardship, whereby business and work have come to a halt and the entire market has crashed.
Navi provides Paperless Loans with Sachin Bansal as CEO
Sachin Bansal, is the co-founder of successful e-commerce platform Flipkart. However he also owns financial services startup Navi. Which, has just launched a mobile app.
RBI composes new draft norms for Home Loans lenders
The RBI composes a draft that has given a long and easy road for agreement. Since, it wishes to ease rules governing housing finance companies (HFC’s). Also, non-banking finance companies (NBFC’s).