Monday, 17 January, 2022
TopicLoans

Topic: Loans

Indians are opting for ‘buy now, pay later’ schemes for festive season shopping

Suvashree Ghosh -
Rising vaccination rates & declining Covid cases are fueling optimism that people are more willing to spend this year. Consumers are now turning to installment plans from retailers.

Only 1.6% loans to street vendors under PM SVANidhi so far have come from private banks

Moushumi Das Gupta -
Of total loans disbursed to over 20 lakh street vendors until 29 March, PSBs gave loans to over 18 lakh applicants while private banks distributed loans to just 32,534.

Every 4 out of 5 small businesses opted for RBI’s moratorium, but asset quality in question

Manojit Saha -
The latest data indicates the stress the MSME sector faced after the lockdown. The central bank has also warned of a sharp rise in bad loans.

Chinese national, 3 others arrested in Hyderabad ‘instant loan’ apps case

PTI -
The accused had developed 11 Instant loan apps, offering loans to individuals and levying hefty penalties in case of defaults, police said.

Hyderabad police find ‘Chinese link’ in instant loan apps cases that ‘drove 3 to suicide’

Rishika Sadam -
Police say unauthorised lenders shamed, harassed and even threatened borrowers online, links have been found to Indonesia and a 'Chinese national'.

In just 5 years, private banks have narrowed public sector’s huge lead in loans & deposits

Manojit Saha -
Private banks’ market share in loans has risen to 36.04% in 2020 from 21.26% in 2015, while public sector banks’ share has gone to 59.8% from 74.28%.

As interest-on-interest gets credited today, only one way you can withdraw the amount

Manojit Saha -
Borrowers of loans up to Rs 2 crore will receive the interest-on-interest credit for the 1 March-31 August period today, in accordance with the Supreme Court order.

Why Modi govt’s interest-on-interest ‘Diwali gift’ is good for India’s credit culture

Ila Patnaik -
Waiver of interest-on-interest for all during the moratorium can minimise moral hazard. Keeping it selective would've run the risk of hurting credit culture.

Banks need relief too, helping only borrowers will hamper next round of credit growth

Ila Patnaik -
As the moratorium on loan repayments ends, the government will have to answer the key question about how to treat defaulting borrowers.

Your credit score won’t be impacted if you opt for loan restructuring. Here is why

Manojit Saha -
Credit history only after debt recast would be taken into account for new loans. Banks will allow recast only if income impacted between February and August.
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Economy

RBI proposes changes to valuation of bank investments, relaxing of investment class rules

Bijou George -
A Reserve Bank of India discussion paper Friday suggested removing caps on the Held-To-Maturity class of securities, and allowing more types of instruments to be held within them.

Defence

File photo of Indian and Chinese troops disengaging from the banks of the Pangong lake area in eastern Ladakh | ANI

These Chinese fears about India ‘choking’ key road are holding up Hot Springs disengagement

Praveen Swami -
A 13-hour meeting of Indian and Chinese military commanders held last week ended without an agreement, and further talks are expected to be held.

National Interest

Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

Shekhar Gupta -
The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.

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