Write-off of Lakshmi Vilas Bank's debt to sting small lenders
The Reserve Bank of India on late Thursday said 3.18 billion rupees ($43 million) of Tier 2 bonds of Lakshmi Vilas Bank Ltd. will be fully written down as DBS Group Holdings Ltd. acquires the lender.
Boston Fed issues guidance for lenders on end of Main Street program
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Market Movers: Pvt lenders drag, Phoenix Mills jumps; 131 stocks turn overbought
Private lenders contributed the most to Sensex’s losses.
What makes this MSME lender hot favourite among investors
The scrip of the mid-sized lender to micro, small and medium enterprises has gained 53% over the last three months compared with 27% gain in the S&P BSE finance index.
Adani ready to improve DHFL offer
Four entities – Adani Group, Piramal Group, US-based asset management company Oaktree Capital Management and SC Lowy – submitted bids for DHFL in October but lenders, who are getting DHFL auctioned to recover unpaid loans, wanted suitors to revise their bids as original offers were low.
SBI raises $1 billion from Japanese lenders
Japan offers loans at relatively cheaper rates. It averaged around 2.4 percent from 1972 until 2020, shows an estimate. The company however did not mention interest rates on the loan. The tenor of the loan is likely to be less than five-year.
Padmashree Inc sells shares of Lakshmi Vilas Bank
Banyan Investments is a public shareholder of Tanla Platforms and held 16.17 percent stake in the firm, shareholding data of Tanla Platforms for September 2020 quarter showed.
Trading in Lakshmi Vilas Bank shares to be suspended from Thursday: NSE
Earlier in the day, the Reserve Bank of India said the amalgamation of the bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day.
High bounce rates indicate trouble ahead for lenders
Most banks and NBFCs have claimed of achieving near normal collection efficiency levels, but data suggests that Covid has altered borrower repayment behaviour.
Indian Banks’ asset ownership lags east Asian peers leaving room for more players
At 68.35%, the country’s total bank assets in proportion to the GDP trails its Asian peers: Hong Kong, China, Japan, Thailand, South Korea, Malaysia and Singapore — the wealthier east Asian rim that has much deeper bond markets — lead India’s bank-dominated financial system in asset ownership by their lenders.
DHFL CoC meet underway; lenders aim to recover over 40%
DHFL committee of creditors meeting for the insolvent financial services company are meeting today. ET NOW exclusively told you that lenders...
DHFL lenders are planning fresh bids with revised terms
Even though the four bidders – Oaktree Capital, Adani Properties, Piramal Enterprises and SC Lowy — are yet to receive any official communication from the administrator appointed by the Reserve Bank of India (RBI), sources close to them said this had been conveyed informally by a section of lenders.
Manappuram Finance forecasts loan growth at 20%
Nandakumar said that non-gold loan disbursements, which were almost non-existent in the first three-four months of the lockdown, have now started picking up.
HDFC Bank red-flagged as foreign holding nears max limit
According to November 11 data, foreign portfolio investors’ holding in HDFC Bank was 71.16%. Overseas investors still have headroom to buy up to 15 crore shares of the bank.
Non-bank lenders could see decelerating AUM growth in Q2
Analysts said they will be keenly watching out for commentary on collection efficiency, performance of stage 1 and 2 asset pools and likely restructuring under the Covid-19 framework.