Business Standard

credit market

RBI Governor Das asks banks to step up efforts to fight digital frauds

RBI governor, deputy governor met CEOs of public sector banks, private banks

RBI Governor Das asks banks to step up efforts to fight digital frauds
Updated On : 03 Jul 2024 | 11:28 PM IST

Retail loan growth moderates to 17.8% due to slowdown in unsecured credit

Within the retail segment, credit growth in housing, the largest constituent of the retail category

Retail loan growth moderates to 17.8% due to slowdown in unsecured credit
Updated On : 29 Jun 2024 | 12:27 AM IST

PayU's LazyPay partners with Blinkit to offer customers with credit line

The latest partnership will provide the Zomato-led quick commerce platform's customers with a credit line, at no additional cost to merchants

PayU's LazyPay partners with Blinkit to offer customers with credit line
Updated On : 26 Jun 2024 | 10:02 PM IST

Vacuum for Indian MSMEs seeking growth finance: Nishu Malhotra, ADM Capital

In India, shift to private credit, Nishu said, started before the Covid era, driven by regulatory reforms including the Insolvency and Bankruptcy code, Real Estate Regulatory Authority (RERA) Act etc.

Vacuum for Indian MSMEs seeking growth finance: Nishu Malhotra, ADM Capital
Updated On : 14 May 2024 | 8:33 AM IST

Corporate loan rejig underway to improve margins: Canara Bank MD & CEO

Raju says the bank expects to improve net interest margin (NIM) on completion of this corporate loan rejig

Corporate loan rejig underway to improve margins: Canara Bank MD & CEO
Updated On : 10 May 2024 | 10:37 PM IST

Bank of Maharashtra reports 16% credit growth in Q4 at Rs 2.03 trn

State-owned Bank of Maharashtra (BoM) on Friday said it has posted a credit growth of 16.31 per cent at Rs 2.03 lakh crore for the March quarter. The outstanding credit was Rs 1.75 lakh crore at the end of March 31, 2023, BoM said in a regulatory filing. The Pune-headquartered lender reported 15.63 per cent increase in total deposits to Rs 2.70 lakh crore as against Rs 2.34 lakh crore at the end of the fourth quarter of the previous financial year. During the quarter, it said, Current Account and Savings Account (CASA) declined to 52.73 per cent of the total deposits as against 53.39 per cent. The Credit Deposit (CD) ratio increased to 75.23 per cent at the end of March 31, 2024 as against 74.87 per cent in the year-ago period.

Bank of Maharashtra reports 16% credit growth in Q4 at Rs 2.03 trn
Updated On : 05 Apr 2024 | 2:41 PM IST

JP Morgan extends Rs 200 cr credit line to boost Oyo accelerator programme

Oyo almost doubled its profit after tax to Rs 30 cr in Q3FY24, compared to the previous quarter's Rs 16 crore

JP Morgan extends Rs 200 cr credit line to boost Oyo accelerator programme
Updated On : 12 Mar 2024 | 8:30 PM IST

Alternative credit platform BlackSoil raises Rs 100 cr via rights issue

Alternative credit platform BlackSoil on Monday said it has raised Rs 100 crore, from existing investors and promoters, through a rights issue. BlackSoil is backed by investors and family offices of Allcargo Logistics, Navneet Education, Mahavir Agency, and Mathew Cyriac-led Florintree Advisors. The company didn't disclose the ownership structure post the issue but said the latest funding round marks the fourth capital infusion within eight years, bringing its total equity raise to over Rs 250 crore. Additionally, it has secured debt financing of over Rs 1,700 crore from HNIs, banks and other NBFCs. BlackSoil provides customised alternative credit solutions to growth companies, financial institutions, Non-Banking Financial Companies (NBFCs) and Micro, Small and Medium Enterprises (MSMEs) across diverse sectors. BlackSoil has surpassed Rs 5,000 crore disbursement across 214 deals by December 2023. Its portfolio includes investments in high-growth businesses such as Ideaforge, Upsto

Alternative credit platform BlackSoil raises Rs 100 cr via rights issue
Updated On : 11 Mar 2024 | 1:44 PM IST

Credit platform Yubi announces partnership with Axis Bank, Muthoot Microfin

Alliance will serve diverse sectors, with initial focus on microfinance institutions

Credit platform Yubi announces partnership with Axis Bank, Muthoot Microfin
Updated On : 14 Feb 2024 | 1:31 PM IST

Retail loan origination moderates in Q2 as lenders tighten credit flow

The CMI is a comprehensive measure of data to analyse changes in credit market health, categorized under four pillars: demand, supply, consumer behaviour, and performance

Retail loan origination moderates in Q2 as lenders tighten credit flow
Updated On : 06 Feb 2024 | 9:27 PM IST

As consumer credit grows, India's lending boom can be safer, if not slower

For lenders, however, the problem with adding new borrowers is the incremental cost

As consumer credit grows, India's lending boom can be safer, if not slower
Updated On : 26 Jan 2024 | 6:57 AM IST

Retail credit flows surge not resulted in stress build up: RBI report

The Indian economy was witnessing a surge in retail credit growth. The credit growth is led by a well-diversified customer base, with reasonably good financial health conditions

Retail credit flows surge not resulted in stress build up: RBI report
Updated On : 24 Jan 2024 | 11:28 PM IST

The pros and cons of digital loan apps

Are the borrowers getting into a debt trap, without understanding the risks? Digital lending is still a grey area

The pros and cons of digital loan apps
Updated On : 07 Jan 2024 | 7:20 PM IST

RBI pulls up credit information bureaus on rising customer complaints

The CICs shared their feedback and highlighted the initiatives that are being taken in collaborating with the credit institutions (CIs) for enhancing data quality

RBI pulls up credit information bureaus on rising customer complaints
Updated On : 02 Jan 2024 | 9:17 PM IST

Awaiting clearance on PA license, fintechs diversify into credit offerings

Meanwhile, other payment majors awaiting a decision expect to receive a nod in the first half of the next year

Awaiting clearance on PA license, fintechs diversify into credit offerings
Updated On : 21 Dec 2023 | 9:45 PM IST

PhonePe launches section to help customers with credit score, bills

Fintech company says service will help users in understanding their credit health

PhonePe launches section to help customers with credit score, bills
Updated On : 21 Dec 2023 | 2:01 PM IST

BoJ keeps negative interest rate unchanged, says watching wage trends

The Bank of Japan kept its longstanding easy credit policy unchanged on Tuesday, saying it will watch price and wage trends before raising its negative benchmark interest rate. The BOJ policy decision was widely expected. But investors and analysts believe the central bank is tip-toeing toward a shift due to price increases that have left inflation above its 2% target. The U.S. dollar gained against the Japanese yen and stock prices surged after Tuesday's decision. The benchmark rate of negative 0.1% is meant to encourage banks to lend more and businesses and consumers to borrow more to spur the economy, the world's third-largest. The central bank also has purchased trillions of dollars worth of government bonds and other assets as part of its strategy of injecting more cash to spur growth as the Japanese population shrinks and grows older. Inflation has risen in Japan but at a much slower pace than in the U.S. and other major economies, most recently at about 3%. At the same time,

BoJ keeps negative interest rate unchanged, says watching wage trends
Updated On : 19 Dec 2023 | 11:27 AM IST

Goldman Sachs ramps up credit business in India, targets rich diaspora

Goldman joins Wall Street lenders and private equity giants chasing opportunities in an economy that is forecast to grow 7% in the year ending March

Goldman Sachs ramps up credit business in India, targets rich diaspora
Updated On : 18 Dec 2023 | 10:56 PM IST

Vedanta Resources prioritising private credit facility, says S&P Global

Analysts with S&P on the call noted that the liability management exercise is not as straightforward as seen in this region or globally

Vedanta Resources prioritising private credit facility, says S&P Global
Updated On : 15 Dec 2023 | 9:02 PM IST

Are you facing short-term credit issues? Opt for a secured credit card

Invest in liquid and short-duration funds to finance short-term spending goals

Are you facing short-term credit issues? Opt for a secured credit card
Updated On : 12 Dec 2023 | 11:57 PM IST