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3 mins read

Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention

The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…

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5 mins read

Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won't have any immediate answers.

Millions of student-loan borrowers were counting on debt cancellation under Biden. Then came the la…

Ayelet Sheffey   


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2 mins read

ADB approves $240.5 million loan for rooftop solar systems in India

The Asian Development Bank (ADB) has approved a loan of USD 240.5 million to finance rooftop solar …

ANI   


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SBI received restructuring requests for over ₹6,000 crore in October — expects that to more than double over the next three months

India’s largest lender is the first to reveal its restructuring numbers. At the end of October, it …

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SBI’s core business stays strong despite one-time hit on account of higher wage costs in Q3

India’s largest bank SBI saw its third quarter profits slip by 35.5% as it took a ₹7,100 exceptiona…

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After SBI, HDFC Bank issues restructuring guidelines for retail loans

Both banks are also offering to extend the balance tenure of the loan by a maximum of 24 month…

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SBI’s new chief Dinesh Khara shares his stance on restructuring, capital raising, hiring, and more

Dinesh Khara held his first press conference today as the new chairman of India’s largest banking e…

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2 mins read

SBI penalised for sending bills to man despite credit card's expiry

The forum noted that the company had blacklisted him in the CIBIL system of the wilful defaulte…

PTI   


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Supreme Court reserves verdict on extension of loan moratorium period

The Indian Supreme Court reserved its judgement on pleas regarding extension of the loan moratorium…

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If you have a bank loan that you are unable to pay, restructuring is on its way

This means that you’re struggling to pay off your personal loans, you can ask the bank to modify…

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1 min read

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   


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One-time loan restructuring dilemma - RBI won’t commit, and India Inc won’t stop asking for it

RBI’s dilemma is choosing between what former governor Raghu Rajan once called “deceptive bankin…

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3 mins read

Tata Group gets loan commitment from SBI-led consortium to run Air India

Sources said the SBI-led consortium has agreed to grant both term loans and working capital loa…

PTI   


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4 mins read

Three things the RBI will have to mull over as it gets ready to announce its monetary policy decision

The Reserve Bank of India (RBI) is set to announce its policy rate decision tomorrow, and this time…

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Banks to reap rewards of interest rate hikes in Q2 earnings

The Indian banking sector is expected to report strong growth in net interest income, margins and l…

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6 mins read

PSB stocks on 52-week high riding on record profits, double-digit loan growth

Union Bank of India stock price is up by 60.8 per cent over the last month among the PSU bank st…

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1 min read

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   


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1 min read

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   


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2 mins read

COVID-19: PNB chief hopeful of RBI allowing one-off loan restructuring by Oct

"We have requested RBI to permit restructuring. Bankers together have requested, through Indian Ba…

PTI   


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4 mins read

SC asks banks to disburse stalled loans to Amrapali Group home buyers, restructure amounts

The top court said, "They (NBCC) is granted immunity to be sued in any other court or commission, a…

PTI