Tewari pointed out that in Q1 they had Rs 7,083 crore under moratorium which has now come down to Rs 1,500 crore. “A large chunk of this has been repaid, while those who have not repaid have been classified as delinquent, although they are not yet NPA. We are asking them to enrol into the ‘easy pay’ option,” he said. … [Read more...] about SBI Card gives customers option to restructure credit card payments into loans
New business start loan
Among the listed insurers, ICICI Prudential Life Insurance saw a 14.5 percent YoY decline in new premium to Rs 892.31 crore in August. HDFC Life Insurance saw a 44.7 percent YoY increase in new premium to Rs 1,903.96 crore, while SBI Life saw a 26 percent YoY growth to Rs 1,805.8 crore. … [Read more...] about Signs of normalcy: Life insurers post 15% rise in new premiums in August
The SBI deal was delayed due to COVID-19 as the public lender wanted to observe pick-up in toll collections after the lifting of lockdown, a source told the paper. “With toll collections seeing a healthy recovery post unlocking of the economy, SBI was comfortable with the financing," they added. … [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
> The committee did not specify a current ratio for automobile manufacturing, due to the “just in time inventory” business model for raw materials and parts, and finished goods inventory is funded by channel financing available from the dealers. … [Read more...] about KV Kamath committee report on loan restructuring for sectors: What does it mean?