Topic: Loans
Not ‘overworried’ about NPAs, no need for a blanket moratorium extension: SBI chairman
SBI chairman Rajnish Kumar said the extension of the loan moratorium may be needed only for certain specific stressed sectors.
Why Indian companies are watching how successful this data firm is in getting a dollar loan
A successful Mu Sigma deal would be one of the first signs that overseas lenders are becoming less reluctant to extend funds to Indian companies.
Fears about largescale retail loan defaults in India overblown, Macquarie analysts say
The RBI has allowed borrowers to delay monthly payments on their loans until the end of August, to provide some relief from a prolonged lockdown.
Economics not over health: SC after RBI says interest waiver will affect banks
The court allows Centre time to file a response on behalf of the RBI and finance ministry after plea says RBI’s 27 March circular didn't serve 'economic justice'.
SC issues notice to RBI, govt on plea seeking interest waiver during loan moratorium
The petition stated that RBI's decision to delay EMI payments but allow interest liabilities to accrue during the loan moratorium would negate the relief provided.
You don’t have to pay term loan EMI for 3 more months, with no impact on credit history
RBI has said opting for the EMI deferment until August 31 won’t hurt borrowers’ credit history, but interest will keep accruing on these loans.
Modi govt is seeking $6 billion of loans to fight coronavirus
The World Bank has already committed $1 billion and Modi govt is in talks with Asian Infrastructure Investment Bank and ADB for more.
Small businessmen will soon get loans based on data, not balance sheets: Nandan Nilekani
Nandan Nilekani says under the new system, Account Aggregator, owners will be able to use bank statements, tax returns, home loan repayment records to avail of short-term loans.
HDFC Bank sees signs of economy reviving in rural and semi-urban areas
Loan outreach programmes in rural areas have given the sense that consumption in rural & semi-urban areas is turning more positive, HDFC Bank says.
Indian banks are still not fully passing on interest rate cuts to customers
Spread between RBI’s key policy rate & weighted average lending rate on outstanding loans from banks is highest in data going back to February 2012.
TV anchors outrage over Uyghurs in China, but stay quiet about Indian Muslims
After cheering the ban on Chinese apps, the latest coping mechanism of Indian TV news seems to be focusing on the plight of the Uyghur Muslims in China.
The next 3 months will reveal how badly global economy has been hit by coronavirus
Next 3 months stand to reveal the underlying economic pain more vividly than past 3 months as massive fiscal assistance from govts is soon going to fade.
Defence
India, China to hold Corps Commander-level talks on 14 July at Chushul
The talks will focus mainly on the second phase of disengagement along the Line of Actual Control (LAC), said the Indian Army officials.
Uttar Pradesh is India’s broken heartland, break it into 4 or 5 states
Uttar Pradesh, our largest state by population and most powerful, is also the worst governed. A state with 1-in-6 Indians has no hope because of its size.