Page 4 - Resolution Framework News Today

Public and private lenders have together restructured Rs 1,37,000 crore worth of advances: report

PHDCCI President Sanjay Aggarwal said the central bank maintained the status quo, despite the high inflation stoked by a few products.

Loan rejig boosts Canara Bank asset quality The bank’s gross non-performing asset ratio improved to 8.5% of its loan book from 8.93% in March. Fresh slippages amounted to Rs 4,391 crore, or 0.69% of the book. Share Via Email   |  A+A A- Post these restructuring, Canara Bank has received about Rs 64 crore of payments into the account and Rs 35 crore as prepayment. (Photo | Express) By Express News Service NEW DELHI:  State-run Canara Bank has managed to keep its asset quality in chec...

Mumbai (Maharashtra) [India], June 12 (ANI): A hit to collection efficiency of non-banking finance companies and microfinance institutions (NBFCs-MFIs) owing to protracted Covid-19 curbs will increase asset-quality pressures in the sector, according to Crisil Ratings.

MFIs 30-plus delinquency may rise to 14-16% in June: Report SECTIONS Last Updated: Jun 11, 2021, 03:50 PM IST Share Synopsis In the absence of a loan moratorium this year, more MFIs are likely to opt for permitting restructuring under the Reserve Bank of Indias (RBI) Resolution Framework 2.0 announced last month, and continue with higher provisioning, the report said. Agencies These MFIs also have the liquidity to cover over two months of debt repayments - even after assuming nil collections - ...

Agency assessed that the 30+ PAR could rise to 14-16 per cent of portfolio this month from a recent low of 6-7 per cent in March

Surabhi Mumbai | Updated on × Of the total auto debit transactions of 8.57 crore in May this year, 3.08 crore were returned Hit by the second wave of the Covid-19 pandemic and lockdowns, stress amongst borrowers seems to be on the rise, though it is lower than what was seen in the first surge of the pandemic. Data captured by the National Payments Corporation of India from its National Automated Clearing House (NACH) platform reveals that the number of unsuccessful auto debit requests increas...

Banks, MFIs warned against forcing SHGs to pay dues Updated: Updated: Share Article AAA Coimbatore District Collector S. Nagarajan has warned of action against banks and micro finance institutions (MFIs) that pressurise self-help groups (SHGs) to pay dues. In a release, Mr. Nagarajan said it had come to the district administration’s knowledge that private banks and MFIs were pressurising SHGs to repay loans during the pandemic period. Affected by the lockdown, the SHGs had had their liveli...

This is the sixth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo. RBI had last revised its policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.

Tirupur Exporters Association also lauded the decision to extend a special liquidity facility of Rs 16,000 Crore to SIDBI for on lending/refinancing through novel models and structures and unchanged repo rate at four per cent.