Indian Lenders

About 94.7 acres on block; reserve price set at Rs 1,782 crore

Private banks have historically been rare in the market, but have begun tapping it or exploring deals amid regulatory pressure

The request will be made through the Confederation of Indian Industry, which will meet recently-appointed RBI Governor Sanjay Malhotra in the coming days, the people said

Secured loans are prime assets; investors selective about segments with quality pressures

PC Jeweller Ltd's board has approved issuance of over 5.17 crore equity shares to a consortium of lenders, including SBI, to settle part of its outstanding debt. In a regulatory filing on Wednesday, the company informed that the board has approved "issuance of 5,17,11,462 equity shares to the Consortium Lenders for settling part of their outstanding debts by way of preferential allotment on private placement basis". The consortium lenders will be classified under 'Non-Promoter, Public Category'. The shares will be issued at a price, which is higher than the floor price. PC Jeweller has opted for OTS (one-time settlement) for its outstanding dues with a consortium of banks. The terms and conditions of approved OTS include cash and equity components payable under the settlement, release of securities and mortgaged properties etc. In an investor presentation in late May, PC Jeweller mentioned that the withdrawal of the petition from the National Company Law Tribunal (NCLT) by SBI an

Partha Pratim Sengupta assumed charge as new MD&CEO of private lender Bandhan Bank with effect from Friday, the lender said. Ratan Kumar Kesh, who appointed as interim MD&CEO of Bandhan Bank after retirement of its founder Chandra Sekhar Ghosh, will resume his role as executive director and chief operating officer, with the joining of Sengupta. The Reserve Bank of India (RBI) had approved Sengupta's appointment as MD&CEO of Bandhan Bank and asked him to join by November 10 for a tenure of three years. Starting his career with the State Bank of India, Sengupta rose to the position of deputy managing director (DMD) of the country's largest lender, followed by his stint as MD& CEO of another state-owned lender Indian Overseas Bank from 2020 to 2022. Chairman of Bandhan Bank Anup Kumar Sinha said in the statement that "his (Sengupta's) proven track record in the industry will be instrumental in steering Bandhan Bank into its next growth phase." Sengupta said, "I am ...

HSBC's revenue grew 5 per cent in the quarter ended September to $17 billion from a year earlier, with volatile market conditions supporting higher customer activity in wealth products

The microfinance industry's self-regulatory body MFIN on Tuesday announced that it has tightened loan underwriting guidelines for its members amid concerns about over-indebtedness among the borrowers. Micro Finance Industry Network (MFIN) said the revised guidelines take care of current challenges in lending, wherein a lender does not get data on monthly outflows from a household on account of previous loans or even the 'bullet repayments' wherein money is paid at the end of a loan period. Microlenders are carrying out varying practices at present, and hence, MFIN has issued the guidelines to ensure "uniformity in the treatment", and help lenders to have a robust underwriting policy dealing with cases of bullet repayments/missing EMIs. The body, however, did not elaborate on the exact steps undertaken. It can be noted that there have been concerns around over-indebtedness among MFI borrowers, wherein a single borrower has been given over five loans in many cases. Some of the indus

The court, during the hearing, asked Byju's and BCCI if the rules, particularly Regulation 30A of the Insolvency and Bankruptcy Code (IBC), allow settlement outside the set procedures

The National Company Law Appellate Tribunal (NCLAT) has ordered an interim payment of 75 per cent of the total amount deposited in an escrow account to lenders of Baleshwar Kharagpur Expressway Limited (BKEL), promoted by IL&FS Transportation Networks Ltd (ITNL). Passing an order over the plea filed by the State Bank of India, NCLAT said it failed to see any reasonable grounds for not taking any decision by the Board for an interim distribution, as per the Concession Agreement and the Escrow Agreement. "Interim distribution shall be made to the lenders of 75 per cent of the amount lying in the escrow account as per the Escrow Agreement," said NCLAT in its order. The balance amount is to be used for operations, maintenance and other payments. However, it added: "Lenders shall also give an undertaking for a refund of the amount received, in the event ultimately, it is found that they were not entitled to the extent of the amount received by them." SBI had requested the NCLAT to ...

REC is targetting to take its renewables loan book to over Rs 3 trillion by 2030, expanding the share of renewables to 30 per cent from 8 per cent currently

Moving pieces need to be synchronised for Unified Lending Interface to work

IBA mulls special apprenticeship scheme for banking sector

Quant MF has managed to dominate the equity scheme performance charts in recent years, with its high-conviction bets working out well

Higher frequency of credit data reporting is a win-win for credit bureaus, borrowers and lenders

We don't set up physical branches, and this allows us to reach more locations compared to the larger banks and NBFCs, he says

The Amsterdam-based CreditAccess India B V holds a 66.56% stake in CreditAccessGrameen, and is aiming for a valuation of around $2.7 billion in the potential deal

SEL had recently received approval from the NCLT-appointed monitoring committee of RNEL to constitute its own board, paving the way for a formal handover of management control

In India, deposit insurance is mandatory for all banks, including foreign banks. As of now, 1,997 banks are covered, which includes 140 commercial banks and 1,857 co-operative banks

According to current norms, for Rs 10,000 crore of loans, banks have to ensure Rs 4,000 crore of priority sector lending target