Loan Portfolio

Bajaj Finance has cut used car refinancing due to high delinquencies, reducing volumes from Rs 400 crore to Rs 250 crore per quarter, while focusing on new car loans and secured lending.

HDFC Bank plans to sell $1.2 billion of loans via rare debt tool

HDFC Bank sold a Rs 5000 crore loan portfolio to an undisclosed buyer in June. The bank had last done such a transaction more than a decade ago, Chief Financial Officer Srinivasan Vaidyanathan said last month.

Microfinance industry loans grew 25% in Q3, MFIN data shows

Within the industry, NBFC-MFIs constitute around 39 percent, or Rs 1,23,386 crore, of the total loan portfolio, data shows.

Indiabulls Housing to restructure debt to lower borrowing rate

Indiabulls Housing Finance is planning to restructure its long-term loan portfolio to bring down the average cost of borrowing for the company by 30-40 basis points.

Loan portfolio of MFIs grows 47% to nearly Rs 29K cr in Q2

The GLP of the all MFIs (Microfinance Institutions) stood at Rs 19,560 crore during the same quarter last year. According to the latest MFIN MicroMeter, 10 largest MFIs in terms of GLP account for 75 percent of the total industry loan portfolio.

Unitech plunges 9%; LIC likely to declare co defaulter

The company had issued an advertisement seeking buyers for parts of the property. LIC has made it clear that the land cannot be sold unless Unitech repays the loan.

Janalakshmi Fin Services raises Rs 325cr; aims to cut debt

In an attempt to aid its expanding loan portfolio, Janalakshmi Financial Services raised Rs 325 crore by selling its stake to different entities. By doing so, the company aims to aid its expanding loan portfolio, reports CNBC-TV18's Vineetha Athrey.

Economic woes dent recovery prospects for Indian banks: S&P

The Indian banking sector is unlikely to recover in the next 18-24 months due to slow economic growth and deteriorating loan portfolio, said a report by global rating agency Standard & Poor's.

Citi to boost India card, personal loan businesses

Citigroup Inc expects to increase the number credit card customers it has in India by more than 20% a year over the next two to three years as it looks to boost its unsecured business portfolio in the country.

Banks should keep strong vigil on loan portfolio: Pranab

Cautioning that the economy is passing through turbulent times, Finance Minister Pranab Mukherjee today asked banks to maintain a strict vigil on the quality of their loan portfolio.

Religare Finvest eyes Rs 14000cr loan portfolio

Non-banking finance company Religare Finvest plans to increase its loan portfolio to Rs 14,000 crore by the end of the current fiscal, betting big on the small and medium enterprises (SME) sector.