Wednesday, 25 May, 2022
TopicBank loans

Topic: Bank loans

Delays feared in RBI’s debt recast plan as Kamath panel seeks clarity on members, deadline

RBI has given the Kamath committee no deadline to submit its suggestions on loan restructuring plan, while two of its five members are yet to join.

HDFC Bank has been delaying sharing its loans details, credit bureau complains to RBI

Experian Plc told RBI in July that HDFC Bank has been late in providing details of its loans, including repayment status of millions of retail borrowers.

Financial bailouts must be for struggling businesses to preserve jobs, not repay old debts

The Indian govt & the RBI launched many schemes to ensure availability of credit during Covid, but financial institutions are still cautious about new lending.

PM Modi meets top bankers, asks them to introspect, ensure stable credit growth

The PM also exhorted bankers to support small businesses, SHGs & farmers. He said banks should identify bankable proposals and ensure they don't suffer in the name of past NPAs.

Banks tell SC they need to pay depositors, oppose pleas for interest waiver in moratorium

The banks received support from central government with solicitor general Tushar Mehta submitting that waiving off interest will have a 'cascading effect'.

IMF ready to mobilise $1 trillion loan capacity to counter coronavirus

IMF has $50 billion in flexible and rapid-disbursing emergency funds for developing nations, with as much as $10 billion available at zero interest rates.

Why home, auto loans will become cheaper even though RBI hasn’t cut interest rates

RBI has relaxed regulatory requirements for banks that is likely to ensure cheaper retail loans for borrowers.

Millennials are not afraid of EMIs, Nirmala Sitharaman. They are borrowing and spending

Younger generation takes loans for everything — from buying an AC, fridge, TV, washing machine to high-valued items like cars.

50 yrs of nationalisation: Is Modi govt worsening PSU banks’ problems or resolving them?

Fifty years ago, on 19 July 1969, the Indira Gandhi government had nationalised 14 banks. Even today, PSUs control a substantial percentage of the deposits.

Troubled lender Dewan seeks $217 million in fresh loans a month

Dewan Housing has about Rs 800 billion of obligations and will submit the resolution plan on 10 July to a consortium of lenders led by state-run UBI.

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World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Boeing's F/A-18 Super Hornet pulls off its first successful launch from a ski-jump at Naval Air Station Patuxent River, US | Photo credit: Boeing

2 American Super Hornets in India as Boeing looks to showcase fighters for Navy deal

Navy looking at about 26 multi-role deck-based fighters for its aircraft carrier. Visit by Super Hornets comes close on heels of similar trip by competitor Rafale M of Dassault Aviation.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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