India is facing an economic contraction caused by the coronavirus outbreak, increasing asset risks for Indian banks. However, corporate loans, the source of most non-performing loans in the previous credit cycle, will perform better than loans to individuals and small and medium-sized enterprises (SMEs), rating agency Moody’s said on September 9. … [Read more...] about Indian banks’ asset quality to worsen but less risks from corporate loans: Moody’s
High risk lenders for business loans
> The resolution framework must be based on the borrower's pre-COVID operating and financial performance, and the impact of COVID-19 on its operating and financial performance in Q1 and Q2FY21, to assess the cash-flows for FY21/FY22 and subsequent years … [Read more...] about KV Kamath committee report on loan restructuring for sectors: What does it mean?
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. … [Read more...] about Cube Highways signs Rs 3,500 crore loan agreement with SBI to buy NHAI toll roads: Report
"Although gross and net non-performing asset ratios had come down in March 2020 along with receding slippage ratios, the economic fallout of the pandemic is likely to test this resilience, especially since the regulatory accommodations announced in the wake of the outbreak have masked the consequent build-up of stress," the RBI said. … [Read more...] about Interest waiver on loan moratorium case | Here’s what has happened so far
According to data, the country’s largest lender State Bank of India is the biggest contributor to the scheme. The bank has disbursed Rs 18,971 crore and sanctioned over Rs 24,000 crore. This is followed by Punjab National Bank which has disbursed Rs 8,264 crore so far. … [Read more...] about Private sector banks catch up with PSBs on MSME loan scheme