Consumer Credit Growth At All-Time High
Restructured standard advances ratio, especially of services and retail loans, has shown a sharp increase in FY21 though. Some of these could turn into NPAs, adding to banks’ stress assets.
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2,562 complaints against illegal lending apps, Maharashtra tops list: Fin Min
Maharashtra tops the list with 572 complaints.
Simpl gets asset-backed line to support $1 billion of BNPL
Small-ticket buy now pay later loans are gaining popularity, driven by new-to-credit customers.
Bank loan books, asset quality at risk due to Omicron, says ICRA
According to ICRA, with incremental restructuring under Covid 2.0, the overall standard restructured loan book for banks increased to 2.9% of standard advances as on Sept. 30, 2021.
Let ARCs shoulder NPAs, banks focus on credit creation
The ARCs, the quintessential bad banks, can help the commercial banks focus on underwriting good loans, supporting GDP growth.
Muthoot banks on economy bounce-back; to get back into home, vehicle loans
Muthoot Finance generally caters to small businessmen, shopkeepers, small traders, among others, and expects demand from them as the economy picks up.
BharatPe targets to build $1 billion loan book
Lending will be the only business of BharatPe, say founders Ashneer Grover and Shashvat Nakrani.
6 Tips To Consider Before Applying For Instant Loan Online
Here are six things to consider before you apply for an instant loan.
Capital Float raises $15 million in equity funding
The Bengaluru-based fintech company says it will utilise the funds to boost its capital base and ramp up SME and consumer loan services.
New turnaround plan for Air India
The state-owned carrier is saddled with a debt of over Rs 50,000 crore, a major reason why the government failed to receive any bids for a 76% stake in the airline.
