Page 4 - Indian Lenders

NCLT asks RCap lenders, administrator to reply on Torrent's plea by Monday

Reliance Capital has a consolidated debt of about Rs 40,000 crore

Banks renew AT-1 sales after two-month gap, PSUs lead pack to raise credit

Public sector lenders would end up issuing around Rs 13,500 cr worth of such bonds in coming weeks

IDBI Bank third lender to drag Siti Networks to bankruptcy court

Yet to receive notice from NCLT, firm says; HFDC, IndusInd Bank had filed petitions earlier

ICICI Bank adopting a 360-degree approach in corporate banking business

Analysts see risk of attrition due to the shift in culture its implementation

Citi deal may be complete in May: Axis Bank MD & CEO Amitabh Chaudhry

In March 2022, Axis Bank said it would purchase Citi's retail business in a transaction worth Rs 12,235 crore

Edelweiss to slash wholesale loan book to Rs 2,900 crore in 2 years

In a filing with BSE, the company said improved macro environment and sell-down capabilities were driving faster book reduction

Customer protection the core of new RBI microfinance rules: Dy governor Rao

These measures, along with a cap on repayment obligations and steps to check over-indebtedness introduced by the regulator, will eventually bring down interest rates for the borrowers, he says

Maharashtra appoints liquidator to wind up Rupee Cooperative Bank

Over 200 employees risk losing their jobs

Select lender that will offer amount needed to buy chosen property

While you should evaluate festive offers, criteria like ease of prepayment are also crucial

Warburg Pincus to acquire majority stake in MSME lender Vistaar Finance

NBFC has more than Rs 2,600 crore in AUM and it has some 200 branches

Large Indian lenders shun direct rupee transactions in Russia trade: Report

Large Indian lenders are reluctant to process direct rupee trade transactions with Russia months after the mechanism was put in place for fear of becoming the target of sanctions by the United States

Revlon lenders to seek rehearing after Citigroup's $500 mn victory

Some of the Revlon Inc. creditors who were accidentally sent more than $900 million by Citigroup Inc. asked a federal appeals court for a rehearing, after it ruled that they had to give the money back

TMB stock ends flat as RBI rejection of proposed chairman has little impact

RBI advised private sector lender to submit a fresh proposal of another Independent Director for the post of Chairman

Central Bank withdraws IBC case as Aban Offshore pays one-time settlement

The company has repaid outstanding principal of Rs 121.78 crore to the bank, is in talks with other lenders for debt resolution plan

Infra lending gains traction, but may see gradual growth going forward

Lenders are waiting for clear demand patterns to emerge and policy stability, say analysts

YES Bank to approve JC Flowers as buyer for $6-bn stressed loan portfolio

Yes Bank is likely to approve the transfer of stressed assets worth $6 billion to private equity firm JC Flowers at its next board meeting

Govt starts work to make regional banks viable; DFS to organise workshop

The government is also nudging operationally sound RRBs to explore listing on the stock exchanges, creating additional sources to meet their regulatory capital requirement

Ahead of festive season, lenders have a new worry of sub-9% deposit growth

Credit to industry has also expanded 9.5 per cent during this period

Ugro Capital aims to double loan book to nearly Rs 7,000 crore in FY23

Small businesses-focused lender Ugro Capital on Monday said it aims to double its loan book to around Rs 7,000 crore by the end of this fiscal as it expands co-lending tie-ups. At present, the NBFC (Non-Banking Finance Company) has a loan book of Rs 3,650 crore, growing from Rs 1,375 crore a year ago on the back of a record disbursal of Rs 1,359 crore in the first quarter of FY22, Shachindra Nath, chairman and managing director, told PTI. He said along with the loans originated through its platform, the company's cumulative assets is around Rs 6,300 crore. Currently, 21 per cent of its Asset Under Management (AUM) is raised through the origination route and he expects this to touch 35 per cent by the end of this fiscal. In the June 2021 quarter this was only 2 per cent of the total AUM. Going forward, the company's lending model will be led by co-origination, he said, adding the current off-book AUM stands at Rs 750 crore which is 21 per cent at the end of June. The company plans t

Lenders tag Bajaj Hindusthan as NPA, debt recast plan under discussion

Bajaj Hindusthan has defaulted to banks, UP farmers; says restructuring proposal is in accordance with RBI circular of June 7, 2019