P2P platforms safe for lending and borrowing: Vinay Mathews explains
Vinay Mathews, Founder and COO, Faircent talks about the benefits of inv...
P2P lending: The real benefits and ways to mitigate risk
Vinay Mathews, Founder and COO, Faircent talks about the benefits of investing via t...
All you need to know about P2P lending
Vinay Mathews, Founder and COO, Faircent talks about the benefits of investing via the P2P platform at...
This fund that beat 96% of peers bets on financial stocks
India’s lending crisis isn’t over. And yet, the counts financial stocks as its biggest bet.
Plan likely to give NBFCs more lending room
India is mulling a plan akin to US' Troubled Asset Relief Program to give NBFCs some headroom to lend.
Faircent launches book on P2P lending ‘Every Percent Counts’
According to a statement, the book traces the evolution of online lending, highlighting the intricacies of P2P lending in the Indian context and explains the impact of regulations on the sector.
iQuippo digitises co-lending programmes of banks & NBFCs
The platform not only offers its customers an option to choose offers from different financial institutions; it also negotiates with them online on behalf of the financial institutions and customises offers according to their financing needs.
Paytm plans to scale up its online lending business
It has recently launched All-in-One QR for merchants across the country to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI based payment apps directly into their bank account free of cost.
Piramal Capital raises Rs 1,400 crore to service debt, and for lending
Piramal Capital & Housing Finance has raised Rs 900 crore from two public sector banks — United Bank of India and Bank of India — at 8.9% for five years and Rs 500 crore from IndusInd Bank for one year at 9% to meet the obligations.
With new Maha offer, farm loan write-offs touch Rs 4.7 lakh cr in last 10 yrs
Even though agriculture NPA was only Rs 1.1 lakh crore or 12.4 per cent of the overall NPAs in FY19, if we accounted for Rs 3.14 lakh crore worth of farm loan waivers announced in the last decade, agri NPAs/burden for the exchequer/banks could be as much as staggering Rs 4.2 lakh crore and if the latest Rs 45,000-51,000 crore of write-offs announced by Maharashtra this could be at Rs 4.7 lakh crore.
Technology-enabled lending in 2020: from data to diversity
We are in the midst of a data explosion and by one estimate, about 2.5 quintillion bytes of data created each day. In India what is more significant is the fact that a lot of new data being created about individuals largely without any digital footprint.
Banks not keen to lend big to small businesses
Credit flow to MSMEs shrinks as lenders turn cautious owing to economic slump. The contraction in gross credit flow to the sector could be on the back of risk-averse lending by top banks as slowing consumption and stalling manufacturing growth. Between November 2018 and 2019, gross loans to micro and small industries fell 0.1%.
Banks continue to remain wary of lending to NBFCs
Banks undertake purchase of retail pools under the securitization mode to meet their priority sector and retail lending requirements. As per central bank rules, the risk and rewards of the securitization pool is to be borne by the buyer without any recourse of credit loss to the seller.
Inter-creditor agreement can be signed right at the time of lending for quick resolution, says Bankruptcy Board member
ICA mechanism was established to arrive at a resolution plan within a specific period (30+180 days) for any account where the borrower misses payments and is believed to be in incipient stress without formally initiating the bankruptcy process.
PSU banks may adopt new corp lending practice
Banks may migrate to cashflow-based lending for working capital loans from the earlier asset-based funding model.
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