Thursday, 18 August, 2022
TopicLoans

Topic: Loans

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

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.

‘Focussed but not flamboyant’ — SBI bets on new chief Dinesh Khara to stop losing market share

Dinesh Khara, who was one of the SBI MDs handling global banking and subsidiaries, is set to begin his three-year term Wednesday. He succeeds Rajnish Kumar.

SC extends interim order on loan moratorium to 28 September, says keen to waive interest

Supreme Court gives Modi govt over 2 more weeks to decide on waiver of interest for moratorium period after considering interest of all classes of creditors & all sectors of economy.

Stringent Kamath panel suggestions mean not many stressed firms can avail of RBI debt recast

RBI has implemented KV Kamath panel’s recommendations in totality, including parameters like high debt service coverage ratio and investment grade rating.

Kamath panel won’t look at retail loans restructuring, banks will decide, RBI says

When the committee was announced as part of RBI’s loan restructuring plan, banks were under the impression it would suggest norms for retail and corporate loans.

Why loan restructuring is a welcome move from RBI, and what govt now needs to do for borrowers

RBI has accepted bankers’ demand for one-time loan restructuring instead of extending the moratorium as a way of countering the impact of the Covid-19 pandemic.

India isn’t facing up to the true financial cost of Covid

Truth is currently as scarce as capital in India. The govt doesn’t have the appetite for large-scale socialisation of private losses, lest the opposition accuse PM Modi of cronyism.

Why loan restructuring is any day better than a moratorium — HDFC’s Deepak Parekh explains

Deepak Parekh says at ThePrint’s ‘Off The Cuff’ that by giving a loan moratorium, the RBI is creating a problem for later on.

Off The Cuff with Deepak Parekh

Deepak Parekh, Chairman of HDFC Ltd, India's largest housing finance company, was the guest at ThePrint's Off the Cuff. In a conversation with Editor-in-Chief...

Allow us to restructure loans but no need for blanket recast, banks tell RBI

The Indian Banks’ Association has written to RBI, saying debt recast needs to be completed by September to prevent fresh bad loan creation.

On Camera

YourTurn

TV news spent 15 August with jawans on LOC. And then ignored ITBP soldiers’ tragic deaths

The attack on the Kashmiri Pandit brothers got the most melodramatic coverage, with communal overtones. The death of the Dalit boy took on political hues.
Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

IAF Su-30 MKI aircraft | Twitter | @DefencePRO_Guj

Russian defence industry team to visit India soon for talks on upgrading IAF’s Sukhoi fleet

Upgrades would include more better radar & integration of electronic warfare abilities. Russia also hopeful of inking deal with India to supply 12 more Su-30 MKIs and 21 MiG-29s.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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