Finance Ministry is assessing the issue of interest waivers on COVID Loan Moratorium - Permitting a moratorium, but offering no relief through interest, is more detrimental, the apex court told the banking regulator RBI. The moratorium was initially granted on...
GECL MSME Loans, No borrowers - SBI Chairman Mr Rajnish Kumar has said that Bank is Ready to Lend to borrowers but the customers don't want to take risk as they are sure about the speedy recovery in demands. Banks especially...
ET Prime has reported that Government May Privatize Few Public Sector Banks. It is believed that a selected group of top government officials has begun discussions on the proposal that originated from government think tank Niti Aayog. There are possibility...
Opinion on Idea of Bad Bank, and it's benefit for Public Sector Banks - The Indian Banks’ Association, IBA has requested the Government to set up a 'Bad Bank' to reduce the impact of the losses banks will face because...
MSMEs do not need fresh loans - This is strange but true, they do not need any loan even with the Government Guarantee. The major reason,they are not sure how much demand will be there for their products when they...
Collateral free loans under Government Rs 20 lakh crore stimulus package - If you believe on the analysis of Bank of America (BofA Securities), Government-owned banks’ non-performing assets (NPA) could go up by 2-4 percent of the credit in the...
You will not believe that there are not much takers for RBI's 3-month loan EMI moratorium offered by various banks due to COVID-19 pandemic. Borrowers of mainly retail and corporate loans of many of the top banks seem to be...
SBI Rate Cuts by 0.15% - State Bank of India (SBI) has reduced its Fund's Marginal Cost Based Interest Rate (MCLR) by 0.15 per cent. Apart from this, this country's largest bank has also started a special deposit scheme with...