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Just like SBI, ICICI Bank has created a cash cushion in case bad loans rise
ICICI Bank has been busy raising capital in the month of June and this will not only help boost its…
No EMI payments for six months as RBI extends moratorium on loans repayments till August 31
“In view of the extension of the lockdown and continuing disruptions on account of COVID-19, the…
RBI may extend moratorium on repayment of loans for three more months: Report
With the government extending the nationwide lockdown up to May 31, the Reserve Bank of India (RBI)…
PTI
FAQs about RBI’s three-month deferment on EMIs answered by the Indian Banks Association
A statement by the Indian Banks Association, answers all the frequently asked questions that yo…
SBI, ICICI Bank, Axis, Kotak and others have plans to raise $14 billion — but if things go haywire, they could need three times more
Banks in India have raised around ₹52 crore ($7 billion) in funds so far and have plans to raise …
India's pile of bad loans could be at least 1.5 times bigger in the next 9 months
The moratorium on paying back loans, which was brought into effect in March, has kept a cloak on…
The US's $600 unemployment boost expires today. Here's a list of 4 other programs set to end soon.
There are a number of further program expirations looming, including the end of support to airlines…
Carmen Reinicke
Yes Bank fears more deposits may disappear when COVID-19 moratorium ends and people start repaying loans
Yes Bank posted a net loss of ₹3668.33 lakh in its fourth-quarter earnings amounting to a total los…
RBI is using lessons from 2008 financial crisis to handle the Covid-19 lockdown effect on the economy
The global financial crisis of 2008 was the biggest economic crash of the 21st century — that is …
About 20% SBI borrowers avail loan repayment moratorium: Chairman
"Right now, the moratorium will take care of the situation around the cash flow disruptions. I woul…
PTI
About 20% SBI borrowers opt for loan repayment moratorium: Chairman
"Right now, the moratorium will take care of the situation around the cash flow disruptions. I woul…
PTI
Interest rate waivers for bank loans during moratorium will harm depositors: AIBDA
Meanwhile, on June 12, the Supreme Court had asked the Centre and the Reserve Bank of India (RBI) …
PTI
Can I defer my credit card payments and FAQs on HDFC Bank’s moratorium process answered
We understand in this current situation there may be disruptions in business leading to low cash…
One-time restructuring of loans needed: Srei chief on SBI's moratorium offer
State Bank of India (SBI), the country's largestlender, has decided to extend the RBI-approved mora…
PTI
206 people sent Insider letters addressed to the President about student loan forgiveness. Here are 9 of our favorite.
Buying a home, saving for retirement, living a debt-free life. Readers wrote letters to President B…
Kristie-Valerie Hoang,Lauren …
India's banking stocks are down 7% this week despite a rate cut by RBI and a pause on new bad loans and bankruptcies
The stocks look cheap as the Bank Nifty has already lost over 46% this year so far, but …
Some of the Ola and Uber drivers are on strike in New Delhi — demanding fare hike and moratorium on loan repayment
New Delhi, Sep 1 () A section of drivers working with cab aggregators Ola and Uber went on strike o…
PTI
The Supreme Court shut down Biden's student loan forgiveness and refinancing startups are waiting to pounce
Private lenders promise big savings if you refinance your student loans — but the offers will…
Thomas Gokey
Borrowers get another three-month breather as RBI extends moratorium on loans till Aug
In respect of working capital facilities sanctioned in the form of cash credit/overdraft, he said …
PTI
Indian banks could have more than ₹10 lakh crore non-performing assets by March 2022
The gross non-performing assets (GNPAs) of banks are expected to cross ₹10 lakh crore by March 2022…