Indian banks are up for an uphill battle when it comes to recovering money from defaulters in a post-pandemic world. Look no further than the recent recovery of the country’s largest lender, State Bank of India (SBI). SBI recoveries and updates fell 21% year-over-year in the first half of fiscal …
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Net earnings of the country’s largest private bank, HDFC Bank, increased 18.4 percent to Rs 7,513.1 crore for the second quarter ending September 2020 (Q2Fy21) due to substantial growth in interest earnings. and other income. It had posted a net profit (profit after tax (PAT)) of Rs 6,344.9 crore for …
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MUMBAI : Loans that were in arrears for more than 30 days on March 1, but in which the overdue amount was later repaid will not be eligible for debt consolidation under the new debt consolidation window, the Bank has clarified of the Indian Reserve. The central bank published a …
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The central bank also said the ruling undermines its regulatory mandate. In March, the RBI had allowed a three-month moratorium on the equivalent monthly installments (EMI) of term loans and other loans that mature between March 1 and May 31. The moratorium was subsequently extended until August 31. The superior …
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The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis, as the high court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks “to come up with something concrete” …
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MUMBAI: The RBIRules on corporate loans restructuring they are likely to exclude a large number of companies bankers expect advances worth just Rs 2-3 lakh crore will qualify for recast. A five-member committee headed by KV Kamath, set up by the RBI to examine the parameters within which restructuring may …
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By: Express News Service | New Delhi | Updated: September 4, 2020 7:46:49 am The court was hearing a request for exemption from interest applied to term loans during the six-month moratorium (March-August) on repayment allowed by the central bank. Taking note of borrowers’ concerns, the Supreme Court ruled Thursday …
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