Pushed by the Supreme Court, this interest waiver may appear to be a good relief for the borrowers; however, going by the basic method of computation, the benefit for retail borrowers appears to be marginal

The companies of Modi and Choksi took loans from banks abroad on the basis of LoUs but did not repay them transferring the liability on Punjab National Bank (PNB)

Lakshmi Vilas Bank's board has approved raising of up to Rs 500 crore through issuance of shares on rights basis to existing shareholders

MSME Ministry in a statement said that it will now be possible to know the emotions of the people involved with or dependent on the MSME sector and address their grievances in real time

While the proposal of the Clix Group for a merger with Lakshmi Vilas Bank is pending with the Reserve Bank of India, the board of the bank is meeting tomorrow to take a call on the rights issue

The RBI said that a loan moratorium exceeding six months would vitiate the overall credit discipline that would have a debilitating impact on the process of credit creation

\"The biggest concerns of the business owners of micro and small enterprises are payment of bonus and cash advances to staff during the ensuing festival seasons,\" says KE Raghunathan, Convenor of Consortium of Indian Associations

In order to ensure timely completion of IBC, out of court settlement needs to be encouraged, and the NCLT, NCLAT infrastructure needs to be strengthened

Credit downgrade means trouble for affected companies, whereas any stress in the corporate sector will be immediately reflected in the banking industry's delinquencies

Companies have time to approach banks for loan restructuring from September 15 till December 2020

India Inc. must brace up for large-scale ratings downgrade, defaults and assets sale

Era Infra sees no immediate closure even after three years, as litigation and procedural delays slow down the insolvency process

The private sector lender Axis Bank has spelt out much wider norms for COVID-19 impacted retail borrowers of home or car loan for considering their request for a two-year loan restructuring

Bankim Thanki, who represented three Chinese banks, said list of his witnesses and assets provided by Ambani was incomplete; he even pointed out to shopping done by Ambani using his credit card from luxurious stores like Harrods, Dolce and Gabbana and Harvey Nichols

Mistrys have agreed to sell their stake and Tata Sons' laywer has informed the apex court of his client's intent to buy; the question is whether Tatas can buy the share at such a high valuation

HDFC Bank has offered its borrowers a loan restructuring scheme which is expected to provide them relief amid ongoing coronavirus pandemic

SBI bonds qualify as tier II capital of the bank, and has face value of Rs 10 lakh each, bearing coupon rate of 6.24 per cent per annum payable annually for a tenor of 10 years

Former Reserve Bank of India Governor Raghuram Rajan and former Deputy Governor Viral Acharya opine that the first step to deal with bad loans is an honest recognition of loan losses

Stocks to watch today on September 21: Route Mobile, RITES, DHFL, Future Enterprises, HCL Tech, Ajanta Pharma among others are the top stocks to watch out for in Monday's trading session.

Class action lawsuits have been filed on behalf of purchasers of the securities of HDFC Bank Limited between July 31, 2019 and July 10, 2020 and seeks to recover damages for HDFC investors under the federal securities laws