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corporate loans News

RBI sets up task force on secondary market development in corporate loans

The six-member body, headed by Canara Bank Chairman T N Manoharan, has been set up to review the existing state of the market for loan sale/transfer in India as well as the international experience in loan trading, it said.

Loan write-off: Congress and CPM allege cronyism, loot

The CPI(M) also called it “cronyism of the highest order”. Party general secretary Sitaram Yechury said neither the banking sector nor the Reserve Bank of India has disclosed identity of borrowers whose loans were written off by banks.


PM Modi waived Rs 3.5-L crore of industrialists, didn’t waive a single rupee of farmers: Rahul Gandhi

The Congress president, at the rally, said that the “PM is right when he says he has worked a lot” for the country in last five years. “Indeed, he has worked a lot, but only for the rich. The Chowkidaar is always at service of the rich and the mighty,” Rahul Gandhi said.

No plans to waive corporate loans; banks should resolve stressed accounts or start insolvency proceedings: Govt

The RBI has asked certain banks referring 12 accounts with fund and non-fund based outstanding amount more than Rs 5,000 crore and with 60 per cent or more as non-performing by March 2016 to start insolvency process, Minister of State for Finance Shiv Pratap Shukla said.

Banks restructured corporate loans worth Rs 2.04 lakh crore in FY17: Arun Jailtey

While responding to a question seeking names of companies whose loans have been restructured, Finance Minister Arun Jaitley said amount of restructured corporate loans came down to Rs 2,04,884 crore in the last financial year.

Festival time for banks as customers return

Going by the numbers so far, the ongoing festive season could turn out to be a busy one for bankers...


Loan restructurings fail to pull lenders out of misery,Rs 30,000 cr of loans likely to go bad very soon

A fifth of all loans that have been recast,via CDR cell could turn into non-performing assets.

Loan by banks,FIs to corporates falls 58% in first three quarters

One reason for the RBI to go for the repo rate cut was the steep fall in investments

ICICI Bank,PNB slash rates,set stage for others to follow

Making auto,home and corporate loans cheaper,ICICI Bank,India’s largest private sector lender,cut its lending and deposit rates by 0.25 per cent following the Reserve Bank of India

Lending rates may fall 25 bps: Canara ED

To bring down cost of borrowings for banks,RBI slashed short term lending (repo) rate after a gap of 3 years.