SBI links repo rate to savings account, loans
Mumbai: In a first, State Bank of India (SBI), the country’s largest lender, has linked savings account deposit and short-term loans to an external benchmark rate—repo rate. Repo rateis the rate at which More...
Banks yet to Tag Rs 3.5 Trillion Stressed Corporate Loans as NPAs: Report
Mumbai: Around Rs 3.5 trillion or 3.9% of the stressed corporate loans continue to remain unrecognised on the books of banks and nearly 40% of them may become dud assets by September 2020, warns a report. These More...
Maine will help pay your student loans, but there’s a catch
If you want an easy way to pay off all those expensive student loans, Maine has an offer for you. But there’s a catch, you have to move to The Pine Tree State. The program is called the Educational Opportunity More...
Riyadh to seek $11bn in bank loans after Saudi Aramco IPO stalls
Mohammed bin Salman, Saudi Arabia’s crown prince, is seeking an economy less dependent on oil © Bloomberg Saudi Arabia’s sovereign wealth fund is primed to choose international banks to lend it $11bn, More...
Banks look to oust Lanco Devihalli from road project to recover loans
Lenders want to transfer the concession agreement from Lanco Devihalli to a new investor. Photo: Priyanka Parashar/Mint Mumbai: A consortium of lenders, led by the State Bank of India (SBI), is looking for a More...
Relax non-performing asset rules for Kerala loans: Banks
Representative image. MUMBAI: Banks have made a representation to the Reserve Bank of India (RBI), seeking forbearance in loans to individuals and small businesses in Kerala. They have said that since the More...
Muthoot Finance eyes disbursal of Rs 300 crore personal loans
Kerala-based Muthoot Financehas set a target to disburse Rs 300 crore personal loans during the current financial year, a top company official said on Wednesday. The company, which had earlier offered gold loans More...
‘Small loans rise 4 times faster than total credit’
Small ticket, unsecured loans have grown four times as much as the overall banking sector’s credit growth, according to a study by Crisil Research. The report said between financial years 2015 and 2018, unsecured More...
Unsecured Loans Grew Four Times the Bank Credit in Last Three Years
Mumbai: Unsecured bank loans have grown four times the bank credit during the past three years, helped by a rise in discretionary spending, technology-driven disbursements and lower interest rates, says a report. Unsecured More...
Banks mull common portal to offer competitive personal, housing & other retail loans
The government also wants PSBs to use new financial technologies to make business transactions quicker and hassle-free. NEW DELHI: State-run banks are mulling a common portal where they could offer competitive More...