MTNL defaults on Rs 5,726.29 cr loans, Union Bank biggest exposure

MTNL defaults on Rs 5,726.29 cr loans, Union Bank biggest exposure

State-owned MTNL has defaulted on a total payment of Rs 5,726.29 crore, comprising a principal amoun..

HDFC Bank sells Rs 6,000 cr home loans to trim credit book

HDFC Bank sells Rs 6,000 cr home loans to trim credit book

HDFC Bank has sold a housing loan portfolio of about Rs 6,000 crore ($717 million) as part of the ex..

HDFC Bank in talks with global banks to sell $1 bn in loans

HDFC Bank in talks with global banks to sell $1 bn in loans

HDFC Bank, India’s largest private sector lender, is in talks with several global banks to offload n..

Banks write off Rs 9.90 lakh crore loans in last 5 years

Banks write off Rs 9.90 lakh crore loans in last 5 years

Indian banks have written off loans worth Rs 1.70 lakh crore in 2023-24, Minister of State for Finan..

Indian Bank aims to recover Rs 7,000 cr of bad loans in FY25, raise Rs 5,000 cr

Indian Bank aims to recover Rs 7,000 cr of bad loans in FY25, raise Rs 5,000 cr

Chennai-headquartered Indian Bank plans to recover about Rs 7,000 crore of bad loans in the current ..

HDFC Bank gets $500mn from IFC to push micro loans to women

HDFC Bank gets $500mn from IFC to push micro loans to women

HDFC Bank has raised $500 million from International Finance Corporation (IFC) for onlending to unde..

Canara Bank to shed low-interest corporate loans, says CEO

Canara Bank to shed low-interest corporate loans, says CEO

Canara Bank is ready to shed Rs 70,000 of corporate loans that are riding on low interest rate so th..

Bank credit to industry up, personal loans moderate

Bank credit to industry up, personal loans moderate

Bank credit to industry rose 8.5% in March 2024 compared to 5.6% a year ago while personal loans saw..

HDFC Bank to leverage on home loans for cross-selling

HDFC Bank to leverage on home loans for cross-selling

HDFC Bank, which has the second-largest home loan assets, has decided to strategically leverage its ..

New norms for penal charges on loans: RBI gives banks, NBFCs 3 more months

New norms for penal charges on loans: RBI gives banks, NBFCs 3 more months

The Reserve Bank of India (RBI) has granted three more months to banks and non-banking financial com..

RBI’s risky loans norms: Bank of Baroda sees up to 50 bps on capital buffers

RBI’s risky loans norms: Bank of Baroda sees up to 50 bps on capital buffers

The Reserve Bank of India's risk weight tinkering will have an impact of up to 0.50% on Bank of Baro..

Banks may need Rs 84,000 cr more as RBI tightens norms on consumer loans

Banks may need Rs 84,000 cr more as RBI tightens norms on consumer loans

The Indian banking system will require Rs 84,000 crore of excess capital due to revised unsecured lo..

RBI’s move on unsecured loans to hurt banks more than economy

RBI’s move on unsecured loans to hurt banks more than economy

The Reserve Bank of India’s clamp down on risky consumer lending is likely to hurt banks but only ha..

No rise in risk in unsecured loans: Axis Bank CEO

No rise in risk in unsecured loans: Axis Bank CEO

Axis Bank is not seeing any rise in risk in its unsecured lending portfolio even as it has stayed aw..

Canara Bank Q2 net up 43%, bad loans fall

Canara Bank Q2 net up 43%, bad loans fall

Canara Bank has posted a 43% rise in net profit in the September quarter over the year-ago period, b..