Tag Archives: Loans

The Three Best Sources of Small Business Loans Today

With stock markets performing well and optimism over President Trump’s tax cuts, small business lending is thriving in 2017. For the first time since before the start of the Great Recession a decade ago, big banks are now approving one quarter of the loan applications they receive. According to the latest Biz2Credit Small Business Lending Index, loan approval rates at big banks climbed two-tenths of ... Read More »

Banks’ loans rose 5.8% in two weeks to December 9: Reserve Bank

Indian banks’ loans rose 5.8 per cent in the two weeks to Dec. 9 from a year earlier, while deposits rose 15.9 per cent, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose by Rs. 46830 crore to Rs. 73.39  lakh crore in the two weeks to December 9. Non-food credit rose Rs. 38,690 crore ... Read More »

Loans Against Property Pose Increasing Risks: Moody’s

New Delhi: Moody’s Investors Service on Friday said the overall asset profile of property retail loan portfolio of banks is stable although risks are rising in the non-traditional loan against property segment. “Growth in loan against property (LAP) loans has outpaced overall retail credit growth in recent years, but relatively loose underwriting practices and a tightening in credit following India’s ... Read More »

SBI Net Dips 99.6% To Rs 20.7 Crore On Mounting Bad Loans

Mumbai: A massive pile up of bad loans at its subsidiaries pulled down by 99.6 per cent the consolidated net profit of nation’s largest lender SBI to Rs 20.7 crore for the September quarter, while its standalone provisioning rose 3-fold. The bank had reported net profit of Rs 4,991.70 crore in the same quarter of last financial year, 2015-16. The ... Read More »

Fear Of CBI ‘Bizarre’, Apply Wisdom In Funding Bad Loans: Panel To Banks

New Delhi: Finding banks working under the fear of Central Bureau of Investigation (CBI) and Central Vigilance Commission (CVC) as “bizarre”, a Parliamentary panel has asked lenders to take a decision on financing of stressed assets as per their “own wisdom” and on the basis of the project’s viability. Finding that total non-performing assets (NPAs) of Rs 2.6 lakh crore ... Read More »

Raghuram Rajan Wants Individual Bankers To Take Onus For Large Loans

RBI Governor Raghuram Rajan said there is a need to shift loan sanctioning process. Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said there is a need to shift loan sanctioning process from the present committee-based approach to single banker taking up the responsibility as well as rewarding the person if the project goes on well. Addressing the annual bankers conference, ... Read More »

Lower Fresh Bad Loans In Q1 Of 2016-17: RBI Deputy Governor

Mumbai: Fresh bad loans moderated in the first quarter of 2016-17 as most banks have improved their recovery process, Reserve Bank of India Deputy Governor S S Mundra said on Tuesday. “Looking at the first quarter earnings, two trends are quite clear – there is moderation in the accretion of new NPAs and most banks have shown a much better ... Read More »

IndusInd Bank Q1 Net Up 26% But Higher Bad Loans Weigh On Shares

The bank’s net NPAs as a percentage of total advances ticked up sequentially to 0.38% in Q1. Private sector lender IndusInd Bank kicked off the first quarter earnings season on a strong note by reporting a 26 per cent jump in its quarterly net profit. IndusInd Bank reported a net profit of Rs 661 crore in the quarter ended June ... Read More »

PSU Banks Book Highest Ever Loss as Bad Loans Mount

New Delhi: Hit hard by mounting non-performing assets (NPAs) or bad loans, many leading public sector banks, including Bank of Baroda, Bank of India and IDBI Bank, reported their highest ever quarterly losses aggregating to over Rs. 12,000 crore, while others like State Bank of India (SBI) and Punjab National Bank (PNB) witnessed sharp erosion in profits. Bank of Baroda ... Read More »

India Funding Roundup: A Social Networking Startup, Loans Marketplace, and More

Our latest funding roundup compiles seed investments in Indian startups engaged in healthcare, retail, social networking, budget salon aggregators, and loan marketplaces. Affimity Bengaluru-based social networking startup Affimity announced Wednesday that it has secured $1.2 million (roughly Rs. 8.1 crores) in angel funding from Silicon Valley angel investors and founders. Founded in 2014 by Venkata Ramana, Amar Singh, and Parveen ... Read More »