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..

Lenders can’t levy pre-payment charges on loans to MSEs: RBI

Lenders can’t levy pre-payment charges on loans to MSEs: RBI

The Reserve Bank of India on Wednesday proposed banks and non-banking financial companies (NBFCs) no..

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..

NPAs on Mudra loans fall significantly: Finance Minister

NPAs on Mudra loans fall significantly: Finance Minister

Non-performing assets (NPAs) on Mudra loans have seen a significant fall in both public and private ..

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 ..

RBI’s worry on personal loans below Rs 50,000

RBI’s worry on personal loans below Rs 50,000

The Reserve Bank of India (RBI) has identified consumer credit, particularly in sub Rs 50,000 person..

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..

PNB’s Q4 net profit surges 160% as bad loans decline

PNB’s Q4 net profit surges 160% as bad loans decline

Punjab National Bank, the country’s third largest public sector lender, reported a 160% surge in net..

RBI’s project finance proposals: SBI may raise rates on infra loans

RBI’s project finance proposals: SBI may raise rates on infra loans

State Bank of India (SBI), the country’s largest lender, may reprice infrastructure loans upwards if..

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..

RBI bans IIFL Finance from sanctioning, disbursing gold loans

RBI bans IIFL Finance from sanctioning, disbursing gold loans

The Reserve Bank of India (RBI) has barred IIFL Finance from sanctioning and disbursing gold loans d..

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 ..