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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 check with the help of the one-time settlement (OTS) process and restructuring under the RBI’s Resolut...

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 India's (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 - because disbursements have been low too, which has helped conserve cash. With the collection effici...