HDFC Bank reports that the sequential increase in deposits surpassed loan growth in the second quarter
HDFC Bank reported a 1.3% rise in loans and a 5.1% increase in deposits for the fiscal second quarter, post-merger.
PAYMENTS
NBFC Loan Sanctions Increase by 12% in Q1 FY25, Driven by Home and Auto Loans Growth
In Q1FY25, NBFC loan sanctions rose 12% year-on-year to Rs 5.08 trillion, despite an 11% sequential decline due to seasonality.
NBFC Loan Sanctions Increase by 12% in Q1 FY25, Driven by Home and Auto Loans Growth Read More »
Finance Ministry demands swift action on loan recovery
The finance ministry advises banks and tribunals to engage borrowers directly, aiming to reduce the backlog of small-value debt recovery cases.
Finance Ministry demands swift action on loan recovery Read More »
Survey Predicts Rise in MSME NPA Levels Over the Next 6 Months
The latest FICCI-IBA Bankers’ Survey predicts a rise in MSME NPAs, highlighting the need for improved lending strategies.
Survey Predicts Rise in MSME NPA Levels Over the Next 6 Months Read More »
Time for fintech NBFCs to revisit business models, says India Ratings
Fintech NBFCs in India face tighter funding conditions and regulatory warnings, prompting them to reassess business models and moderate loan disbursements.
Time for fintech NBFCs to revisit business models, says India Ratings Read More »
Government Plans to Extend Additional Rs 5 Trillion Through Credit Guarantees Over Two Years
The government plans to boost credit guarantees for MSMEs by Rs 5 lakh crore, bridging the formalization gap to 5 crore units.
India’s MSME Loan Portfolio Sees 17% Growth: Report
India’s MSME loan portfolio grew to Rs 64.1 lakh crore by March 2024, with significant growth in loans to individuals and entities.
India’s MSME Loan Portfolio Sees 17% Growth: Report Read More »
NBFCs expect 45% growth in education loans in FY25, outpacing banks in asset quality
Indian NBFCs’ education loan AUM to exceed ₹60,000 crore this fiscal driven by overseas demand. Strong asset quality.
NBFCs expect 45% growth in education loans in FY25, outpacing banks in asset quality Read More »
India’s plan to link fast payments like UPI draws cautious response from Fed
The U.S. expresses concerns about linking domestic fast payment systems like India’s UPI for global transactions, citing potential tradeoffs.
India’s plan to link fast payments like UPI draws cautious response from Fed Read More »
RBI Weighs Gradual Rollout of Infrastructure Financing Norms After Lender Feedback
The RBI plans to phase in increased provisioning for project financing to ease lender burdens and may offer leniency for nearly completed projects, reports The Economic Times (ET).
RBI Weighs Gradual Rollout of Infrastructure Financing Norms After Lender Feedback Read More »