Finance Minister Nirmala Sitharama to meet PSU bank chiefs on Monday; to review credit flow

The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said. The deployment of excessive funds by banks under the reverse repo route may also come up for discussion on Monday.

from Banking/Finance-Industry-Economic Times https://ift.tt/2yLoLeP

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FM Nirmala Sitharaman to meet PSU bank chiefs on Monday; to review credit flow

The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said.

from Banking & Finance – The Financial Express https://ift.tt/2YSYC8r

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Working capital loan sanctions doubled, banks contacted 95% eligible firms for credit: FM Sitharaman

Nirmala Sitharaman’s office on Thursday had tweeted that PSBs sanctioned loans worth Rs 5.66 lakh crore for over 41.81 lakh accounts in MSME, retail, agriculture and corporate sectors during March-April 2020.

from Banking & Finance – The Financial Express https://ift.tt/3dxc1XO

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ICICI Bank’s Q4 net below estimate; Rs 1,221 crore in March quarter

ICICI Bank reported a 26% year-on-year (y-o-y) rise in net profit to Rs 1,221 crore in the March quarter, which was below the street’s estimates.

from Banking & Finance – The Financial Express https://ift.tt/2SMIUb6

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HSBC MF marks down exposure in DHFL to 100%

HSBC Global Asset Management has marked down its exposure from 75% to 100% in its two debt schemes holding the non-convertible debentures (NCDs) of Dewan Housing Finance Corporation (DHFL).

from Banking & Finance – The Financial Express https://ift.tt/3cjBqUB

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