Lenders

The recent issue of a customer complaining about being harassed by banks for repaying multiple loans despite low income, highlights a lack of proper loan assessments, inadequate tracking of borrowers' credit scores, and the dangers of increasing indebtedness due to unchecked lending practices

RBI asks banks to provide info on impact of proposed LCR norms: Report

The rules, which will kick in from April 1, require banks covered under LCR to maintain a stock of high quality liquid assets to cover the expected net cash outflows over the next 30 calendar days

MFIN defers capping lenders to each borrower by three months, other covenants come into effect

MFIN had in November introduced the measure to reduce number of lenders to a borrower to three, from previously four. MFIN also recommended to cap the indebtedness of a MFI borrower to Rs 2 lakh.

NCLAT defers settlement between Byju Raveendran and BCCI after lenders sound alarm

The US-based lenders of Byju's have requested NCLAT not to accept the settlement, saying it is 'tainted' and is being paid from 'stolen money'

Centre reviews draft RBI rules for higher provisioning in infra projects, lenders may oppose

After the evaluation, the draft rules will be discussed with the banking regulator during consultations, the report added.

Shapoorji Pallonji Group seeks to raise up to Rs 20,000 cr from lenders: Report

The group has reached out to Power Finance for up to Rs 15,000 crore, the largest chunk in the planned fundraising, the report said

NCLT issues notice to Byju's on insolvency plea filed by US lenders

The NCLT directed Byju's to file a response to the plea and listed the case for hearing in April 2024.

Jet Airways-JKC case: NCLAT defers hearing to November 1

On October 4, the lenders of the grounded airline Jet Airways told NCLAT that the compliance by Jalan Kalrock Consortium (JKC) in depositing Rs 200 crore did not align with the resolution plan.

Jalan Kalrock Consortium accuses lenders of using SC plea to delay Jet Airways handover

According to the lenders, Florian Fritsch, JKC 's foreign partner "has never come forward or even met the lenders at any stage though requested by the lenders."

Jet Airways case: Jalan Kalrock has no intention to implement resolution plan, lenders in SC filing

The filing further alleges that Florian Fritsch, JKC 's foreign partner has never come forward or even met the lenders at any stage though requested by them

Supreme Court to hear Jet Airways lenders' plea against Jalan Kalrock Consortium on October 12

Both the lenders and JKC urged the court to hear the case at the earliest as it is of great importance to aviation as a sector.

Sustainable Finance: No longer an option but imperative for lenders & borrowers

Sustainable finance is a process of taking due account of ESG considerations when making investment decisions in the financial sector, leading to increased investments into sustainable economic activities and projects

Looking out for lower interest rates on home loans? A good credit score helps

If you credit score is over 750-800, most banks and housing finance companies will offer their best – that is, lowest – interest rates to you.

Byju’s Alpha accused of hiding $500 million from lenders

The allegation came out at a court hearing on Thursday in Delaware, where Byju’s Alpha faces a lawsuit over who should control the company. Lenders claim that because of a default earlier this year, they have the right to put their representative, Timothy R. Pohl, in charge.

Go First: Banks in wait-and-watch mode on fresh funding, seek clarity

Banks may provide additional funding if they are given financial guarantees by the airline, which has not defaulted on any payments.

Can GoFirst still be a going concern? Yes, no, maybe: Legal experts grope in the dark

As beleaguered Go First shuts operations and initiates litigation, experts offer differing opinions regarding the legal implications. According to some, how Go First’s future shapes up is largely going to depend on what the Delaware court decides.

Google took enforcement action on 3,500 personal loan apps in India in 2022

In August, Google had stated that it had blocked 2,000 personal loan providers from its app marketplace in India from January 2022 to July 2022.

Lenders may halt funding oil and gas brands over climate change, fears ONGC chairman

ONGC chairman Arun Singh believes that although, in India, fossil fuel projects have not yet faced any constraints with respect to funding, there still is some fear regarding the same.

Banks to put up robust Q4 score, FY23 profit for PSU lenders may scale record Rs 1 lakh cr

According to a senior bank official, the country’s biggest lender State Bank of India (SBI) expected to earn a profit above Rs 40,000 crore in the financial year ended March 2023.

Religare Finvest on track to restart its business; most lenders approve Rs 2,300 crore OTS plan

Once the OTS process is completed, RFL will come out of the Corrective Action Plan (CAP) imposed by the Reserve Bank of India in January 2018 due to its weak financial health.

Cumulative recovery rate under insolvency resolution falls to 30.18% in September quarter: Report

The recovery rate has fallen steeply from a peak of 43 per cent in Q1 FY20.

Large Indian lenders shun rupee mechanism in Russia trade: Sources

Two smaller lenders have moved to adopt the system after the Reserve Bank of India (RBI) said in July that it had set up an arrangement for international trade settlements in Indian rupees with immediate effect.

Banks led by SBI hike lending rate by 50 bps after RBI raises policy rate

The hike has been effected in their benchmark rate linked to the repo rate, which increased by half a percentage point to 5.9%.

BOE says UK’s biggest lenders are no longer too big to fail

The central bank’s long-awaited response to the self-assessments of eight lenders, including HSBC Holdings Plc and Barclays Plc, found that their internal systems should avert the kind of state intervention needed in the 2008 global financial crisis even if firms were to fail.

Lenders to consider loan settlement proposal of Religare Enterprises: Religare

Religare has resolved many legacy issues left over by its erstwhile promoters, including settlement with SEBI and becoming debt free, the non-banking financial company (NBFC) said in a statement.