unsecured

Mumbai, The Reserve Bank's effort is to detect a crisis early and act accordingly, Governor Shaktikanta Das said on Thursday, asserting that not taking any action on the unsecured lending front would have created "bigger problems".The November 2023 action to curb the growth of riskier...

In Mumbai, RBI Governor Shaktikanta Das said on Thursday that failure to act on unsecured loans could have created a "bigger problem", and the RBI's actions on such practices have had the desired impact of slowing growth in the riskiest segment.Addressing an international conference on...

New Delhi, State Bank of India (SBI) on Friday said it has completed the issuance of USD 100 million (about Rs 830 crore) bonds to finance business growth.The funds were raised through senior unsecured floating rate notes with a maturity of three years and coupons of secured overnight...

The proposal has been approved by the Board of Directors and SBI intends to secure funds in single or multiple tranches through a public offer or private placement of senior unsecured notes. According to the bank's statement, these notes will be denominated in US dollars or other major foreign...

Mumbai: RBI Governor Shaktikanta Das on Friday said banks need to re-strategize their business to deal with the persistent gap between credit and deposit growth.He also said that further action could be taken to reduce the increase in unsecured loans, if needed.In November last year, RBI had...

New Delhi: Ai Finance, a fintech firm that mainly provides unsecured small-ticket business loans to micro enterprises, on Thursday said its net profit nearly tripled to Rs 161 crore in fiscal 2023-24.Its profit after tax in the year-ago period was Rs 57 crore.The company's revenue increased...

Mumbai: Domestic rating agency CRISIL on Tuesday said the credit growth of the banking system will fall by 2 percentage points to 14 per cent in the financial year 2024-25.The agency said there will be a recession with GDP growth rate falling to 6.8 per cent in FY2025 as against 7.6 per cent...

Mumbai: Reserve Bank Deputy Governor Swaminathan J has cautioned that excessive reliance on unsecured loans and capital market funding could spell 'misery' for non-bank lenders in the long run.Addressing heads of assurance functions of non-bank financial companies at a conference organized by...

V.K., chief investment strategist at Geojit Financial Services. Vijayakumar says that during the last seven days, FIIs sold huge equities worth Rs 25,853 crore, but buying by domestic institutional investors (DIIs) offset this FI selling and the market continued to remain bullish.The...

Mumbai: SBI Chairman Dinesh Kumar Khara on Tuesday said the asset quality concerns on the unsecured loan front are rooted in poor risk assessment.In comments that came amid growing regulatory discomfort and efforts to prevent banks from increasing exposure to sectors like credit cards and...

Mumbai: Domestic rating agency ICRA on Wednesday downgraded its outlook for the banking sector to 'stable' from 'positive' on expectations of softening credit growth and profitability.The agency said loan growth will decelerate to 11.6-12.5 per cent in FY20 from 16.3 per cent (except the...

MUMBAI: Total assets under management through the co-lending model have touched Rs 1 lakh crore in the last five years, a domestic rating agency said on Monday.However, the share of personal loans – which is the largest contributor to the co-lending model – is expected to decline as a result...