Ready to be more flexible in loan recast to spur growth: RBI
The RBI is ready to give banks more flexibility in restructuring of stressed loans if it facilitates recovery of stalled projects, Governor Raghuram Rajan on Tuesday said.
Nov 25, 2014, 18:28 PM IST
RBI issues guidelines on loans to landless farmers
Taking forward the government's Budget proposal to provide finance to landless farmers, RBI Thursday set out detailed guidelines for banks for giving such loans and asked them to ensure meeting targets.
Nov 13, 2014, 23:11 PM IST
China cosies up to ASEAN with $20 billion in loans
China on Thursday offered $20 billion in loans and floated the possibility of a "friendship treaty" with Southeast Asian nations, in an apparent bid to defuse regional tensions which spiked this year over contested seas.
Nov 13, 2014, 21:05 PM IST
China banks' bad loans surge, credit crunch could spread west
Bank of Communications Co Ltd (BoCom) and Industrial and Commercial Bank of China (ICBC) reported their biggest quarterly increase in bad loan levels in two years as China`s economic slowdown stretched more companies` ability to repay debts.
Oct 30, 2014, 10:05 AM IST
Working to recover loans from Kingfisher Airlines: Banks
The bank has been able to recover around 12 per cent of its total exposure of Rs 90 crore till now.
Oct 26, 2014, 15:37 PM IST
RBI says onus of forming JLF on lead bank; warns of penalty
The Reserve Bank of India (RBI) put the onus of forming a Joint Lenders' Forum (JLF) on the bank with highest exposure to a distressed borrower and said Tuesday that failure to do so would attract higher provisioning penalties for that bank alone.
Oct 21, 2014, 23:46 PM IST
RBI offers no respite to borrowers, keeps interest rates unchanged for 4th time in a row
While the unchanged policy will not result in any relief to borrowers in the festive season, RBI relaxed the 'know your customer' norms by allowing self-certification of documents needed for opening bank accounts.
Sep 30, 2014, 18:53 PM IST
System has flexibility to deal with loans: Rajan on Coalgate
Reserve Bank Governor Raghuram Rajan on Tuesday said there is already "fair amount of flexibility" in the system to deal with loans impacted by the Supreme Court order to de-allocate 214 coal blocks.
Sep 30, 2014, 17:34 PM IST
Draghi says new ECB loans programme on track
European Central Bank chief Mario Draghi Monday dismissed market disappointment about demand from banks for a new lending programme launched last week, saying it had been within the expected range.
Sep 22, 2014, 23:03 PM IST
Raghuram Rajan frowns on 'subsidising' foreign education loans
Calling for a re-think on easy credit, RBI Governor Raghuram Rajan has said banks are actually subsidising student education loans for overseas studies under the priority sector lending (PSL) segment.
Sep 21, 2014, 18:25 PM IST
RBI allows ECB lenders to extend loans in rupees
Relaxing norms for external borrowings, the RBI Wednesday allowed ECB lenders can now extend loans in Indian Rupees to domestic businesses.
Sep 03, 2014, 20:51 PM IST
RBI asks banks to set timeline to process loans
To expedite credit decision, the Reserve Bank Monday asked banks to set a timeline for disposal of loan proposals but did not ascribe a particular time frame for the same.
Sep 01, 2014, 18:48 PM IST
RBI says 36% of total bad loans from six key sectors
The Reserve Bank has said about 36 percent of the overall 4.1 percent bad assets in the system have been created by six sectors of the economy - infrastructure, metals, textiles, chemicals, engineering and mining.
Aug 24, 2014, 14:11 PM IST
RBI asks bankers to be innovative on home loans
Reserve Bank Deputy Governor R Gandhi Wednesday asked lenders to be more financially innovative in designing home loan products and suggested creation of a periodic deposit-linked facility.
Aug 20, 2014, 23:26 PM IST
RBI keeps key rates unchanged; EMIs on loans to remain same
In order to infuse additional liquidity, Rajan decreased SLR for banks by 0.50 percent to 22 percent with effect from the fortnight beginning August 9.
Aug 05, 2014, 15:30 PM IST
No change in your EMI on loan for now as RBI keeps key rates on hold
The Reserve Bank of India on Tuesday kept interest rates steady in its bi-monthly monetary policy review due to growing concerns that disappointing monsoon rains will lead to a surge in food prices.
Aug 05, 2014, 08:42 AM IST
RBI to NBFCs: No pre-payment fine on floating rate term loans
The Reserve Bank Monday directed non-banking financial companies (NBFCs) not to levy pre-payment penalties on floating rate term loans, including housing loans.
Jul 14, 2014, 21:59 PM IST
Economic Survey 2013-14: Growth of NPAs is a cause for concern
The four-fold rise in bad loans over the past two years, mainly of public sector banks is a matter of concern and steps are being taken to improve the situation, the Economic Survey said.
Jul 09, 2014, 15:46 PM IST
Crisil sees 35% growth for MFIs, loan-book at Rs 45K-cr by FY15
The microfinance sector is likely to see buoyant growth in the medium-term and assets are set to reach Rs 45,000 crore by March 2016, says a report.
Jun 26, 2014, 21:01 PM IST
RBI revises asset classification norms for infra firms
The Reserve Bank Thursday allowed banks to treat loans as 'standard' even when date of commencement of project is delayed by two years, a move that would provide easier fund access to infrastructure firms.
Jun 26, 2014, 20:37 PM IST
