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Debt Distress 2.0: Total stressed assets now exceed gross NPA peaks of 2018

The gross NPAs for the quarter ended June 30, 2019, halted the downward trend seen in all the four quarters of 2018-19, and inched up again.

Ahead of festive season, PSBs to go on lending spree

“… for every one customer who wants a loan, please give him, but for every one who you give now, you will bring five newer ones, fresh, somebody who has never taken a loan from a bank,” Sitharaman said.

IL&FS starts repaying Rs 5,071 crore to creditors of 3 group firms

The binding term sheet has a revised proposal for debt-restructuring, with certain concessions and modification of terms of financial debt.

IIFL Home taps co-lending, gets Rs 300 crore

IIFL Home Finance, a direct subsidiary of IIFL Finance, funds low-cost housing, a focus area for the government that aims to attain “Housing for All by 2022”.

No stressed MSME loan to be declared NPA till March 2020: FM Nirmala Sitharaman

She said banks have identified some NBFCs that they can lend to so that liquidity and credit is made available to those seeking money.

Retail loans show signs of stress

Banks which have been pushing retail credit have built up risks by compromising on underwriting standards.

After banks, RBI plans to structure loan rates of NBFCs, HFCs

The issue was discussed when the RBI was looking at external benchmarks for banks, Sources said.

Volkswagen Finance picks up 25 per cent stake in Kuwy Technology

The partners will also offer finance, insurance and warranty products for Volkswagen group customers on Kuwy platform.

Svatantra Microfin raises lending rates, others stay put

Svatantra Microfin has raised its lending rate to 21%, after having reduced it to 19.25% some 17 months ago, to protect margins amid pressure on borrowing costs.

Cox & Kings Financial gives up NBFC licence

Cox & Kings Financial Service had announced after its board meeting on September 13 that it has decided to surrender its NBFC licence.

Anshu Jain-backed InCred in race to buy Reliance wealth

Anshu Jain-backed InCred in race to buy Reliance wealth

Part of Anil Ambani group's plan to prune non-core assets after IL&FS crisis

Microfinance to double lending in 5 years: Muhammad Yunus

Microfinance to double lending in 5 years: Muhammad Yunus

The industry grew at over 40% in FY2019 with its loan portfolio reaching Rs 178,552 crore at the end of March 2019, according to the Sa-Dhan Bharat Microfinance report 2019.

IL&FS puts 494 acre land parcels on block

IL&FS puts 494 acre land parcels on block

While IL&FS holds nine per cent, the other two firms hold 40 per cent and 31 per cent stake, respectively in HCPL.

Lenders of micro loans to follow a responsibility code

Lenders of micro loans to follow a responsibility code

One of the major guidelines in CRL mandates that only three microcredit entities can lend to a client at the same time.

View: How India can overcome its credit issues

View: How India can overcome its credit issues

Rating agency regulations must be improved, but we must also realise that "credit market frameworks" are much more than ratings.

CG Power fails to get Rs 200-crore working capital

CG Power fails to get Rs 200-crore working capital

Banks are not keen to lend to CG power as govt agencies step up probe into alleged wrongdoings at the firm.

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