PSBs to follow templated approach to restructure loans

Resolution process has to be invoked within 30 days from the receipt of the application

from Business Line - Money & Banking https://ift.tt/3p2GjZz

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Dhanlaxmi Bank posts ₹5.28 crore net profit in Q4

CASA deposits grew by 20.28 per cent during the year

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Bajaj Allianz Life settles claims worth Rs 700 cr in FY21, says CEO Chugh

"Usage of technology, the way product mixes came up, a lot of term buying, a lot of guaranteed products and the kind of agility shown by the industry helped the sector," Bajaj Allianz Life Insurance MD and CEO Tarun Chugh told PTI in an interaction.

from Banking/Finance-Industry-Economic Times https://ift.tt/3c4QYh8

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Banks to extend unsecured personal loans for Covid treatment

Banks to create Covid loan book as per the RBI’s announcement

from Business Line - Money & Banking https://ift.tt/3p4VHoj

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Banks begin process of restructuring of loans up to Rs 25 crore

This is a one-time loan restructuring scheme under which the loan would remain standard despite recast and banks would not have to make additional provision in such cases.

from Banking/Finance-Industry-Economic Times https://ift.tt/3p4BJdt

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