BUSINESS
Five questions on Government’s Rs 3 lakh crore MSME collateral-free loan scheme
MSMEs are one of the major employers in the Indian economy. This segment needs assistance in the present crisis. But is this Rs 3 lakh crore loan scheme really beneficial for MSMEs? What will be the implications in the banking system?
BUSINESS
COVID-19 relief package: Mudra-Shishu loan interest subvention scheme brings cheer to microfinance borrowers
Announcing the scheme, Sitharaman said the interest subvention scheme will be worth a total of Rs1,500 crore and about three crore people will benefit from this.
BUSINESS
So far, PSBs are the unsung heroes in Rs 20 lakh crore stimulus package. But who will rescue them?
Collateral-free loans carry a risk of companies misusing the government scheme in collusion with local bank officials and politicians.
BUSINESS
Centre's economic package: Where is the focus on demand revival?
The government pumping in debt to small firms, without focusing on a demand revival on the ground, is a recipe for disaster
BUSINESS
Economic package: NBFCs and MFIs finally have something to cheer, but there is a catch
Since these special liquidity facility loans are not exclusive to MFIs or smaller NBFCs, the weaker ones in the lot will still be last in the queue for funds.
BUSINESS
Government to guarantee Rs 3 lakh crore of collateral free loans to MSMEs: 10 key questions answered
Union Finance Minister, Nirmala Sitharaman on May 13 announced Rs 3 lakh crore worth of collateral free loans to micro, small and medium enterprises (MSMEs). The government will full guarantee these loans, Sitharaman said.
BUSINESS
After 5 years and 64% of its book tied to micro loans, Bandhan treads with caution amid COVID-19 crisis
In an exclusive interaction with Moneycontrol, Bandhan’s Managing Director and CEO Chandrashekhar Ghosh sounded confident about the bank’s financial performance.
BUSINESS
'Bad bank' is back on the table: But where are the buyers for stressed assets?
In the absence of a strong turnaround plan, the bad bank plan can backfire since this will be only transferring the risky assets in the banking system from one place to the other.
BUSINESS
101 firms, 168 bank accounts and 3 holding companies: How Yes Bank’s Rana Kapoor ran a byzantine business empire
Investigation by the Enforcement Directorate sheds light on how the Kapoors created and ran myriad businesses, flouted rules, made questionable investments and forged irregular alliances, including with the Wadhawans of DHFL.
BUSINESS
EMI moratorium temporary relief: Real test begins after May 31
For borrowers, the real test will happen when the moratorium period gets over (May 31) and actual repayment schedule kicks in.
BUSINESS
ICICI Bank Q4: All eyes on what COVID-19 does to the economy
An uncertain business environment certainly presents risks going ahead not just for banks but all industries.
BUSINESS
ICICI Bank tags $100 mn Singapore Hin Leong exposure as NPA, makes provisions
On 20 April, Moneycontrol first reported that ICICI Bank has an exposure of $100 million (about Rs 760 crore) to Hin Leong.
BUSINESS
Written down AT1 bonds may return to haunt Yes Bank with ‘mis-selling’ charges
Alleged ‘mis-selling’ of these bonds to retail bond holders by Yes Bank’s executives is likely to be made part of an existing petition in the High Court of Bombay filed by Axis Trustee
BUSINESS
An accounting twist gifts ‘Yes’ a profit in Q4, but it is still a ‘No’ bank
At the end of March and after an unprecedented mega bail-out, Yes Bank still has a broken balance sheet and its continuation as a going concern depends on several ifs and buts.
BUSINESS
RBI breaks silence; banks fall in line on extension of loan moratorium for NBFCs
After a meeting with the Reserve Bank of India's top brass and representatives of banks and NBFCs, most banks have agreed to extend moratorium to their NBFC clients on a case-by-case basis.
BUSINESS
Services PMI falls to record low of 5.4 in April: Three quick takeaways
The change in consumer behavior due to job and income uncertainties could add to the woes of the services sector even after the lockdown ends
BUSINESS
Why CMIE's latest unemployment data should be an eye-opener for the government
The near stagnation in economy has left small businesses and daily wage earners in a state of uncertainty
BUSINESS
With banks remaining risk-averse, RBI asks big NBFCs if they can lend to smaller ones
The RBI is concerned about banks' reluctance to pass on the benefit of its schemes to small NBFCs and MFIs.
BUSINESS
NBFCs seek RBI nod for one-time restructuring of all loans
RBI Governor Shaktikanta Das and deputy governors met NBFC industry representatives on May 4 to discuss liquidity issues and flow of credit to different sectors
BUSINESS
COVID-19 impact: Here's why Indian banks won't come out of abyss anytime soon
Bankers and analysts expect significant spike in non-performing assets going ahead. The pain may not be visible immediately since the RBI has extended regulatory relaxations.
BUSINESS
With CKP Bank’s failure, yet another co-operative bank bites the dust: What’s ailing these lenders?
India’s weak co-operative banks have been imploding one after the other. Almost every month, the RBI brings some or the other co-operative bank under restrictions.
BUSINESS
CKP Co-operative Bank has 97% NPAs; most to real estate developers
Over the years, CKP Bank had built its business by lending to mostly small and mid-sized real estate developers in Mumbai, who did not pay back loans leading to a huge spike in NPAs.
BUSINESS
RBI top brass takes stock of situation; bank CEOs seek extension of COVID-19 relaxations
Banks have demanded possible extension of the loan moratorium facility to borrowers announced by the RBI in the wake of Covid-19. The RBI will look into these suggestions now
BUSINESS
Franklin Templeton crisis: Here’s a closer look at the companies in which Franklin has invested in
Franklin Templeton's six schemes have total investments of Rs 7,697 crore to 26 companies (with 100% exposure to the six debt funds) of 88 top borrowers in its six debt schemes
