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Prudhviraj Rupavath
High Demand for Gold Loans Indicate Distress Among Low Income Families
18 May 2021
According to data from the RBI, the outstanding loans against gold jewellery given by banks rose by 82% to Rs 60,464 crore as of March 2021, from Rs 33,303 crore as of March 2020.
Prudhviraj Rupavath
Suicide Deaths Mount after Unregulated Lending Apps Resort to Exploitative Recovery Practices
26 Dec 2020
About 2,313 cases of loan frauds have been reported in the last four years
Shilpa Shaji
No Minimum Wage, No Maternity Leave: How NBFCs in Kerala are Exploiting Employees
27 Oct 2020
Muthoot Finance and Manappuram Finance, two leading NBFCs, have been witnessing large scale protests by their employees against anti-worker policies.
Prudhviraj Rupavath
Banks’ Gross NPAs May Rise to 14.7% Due to COVID-19 Pandemic: RBI
25 Jul 2020
The central bank’s survey found that three sectors -- tourism and hospitality; construction and real estate; and aviation -- have been adversely affected by the COVID-19 pandemic.
PTI
NPAs May Zoom up to 14% Due to COVID-19, Loan Recasts to Only Defer Problem: S&P
30 Jun 2020
Non-bank finance companies will be more hit as compared to banks because of lending to weaker sections, reliance on wholesale funding, and liquidity difficulties, said the global rating agency.
RBI’s COVID-19 Relief Measures for NBFCs Do Not Address NPA Concerns
17 Apr 2020
The central bank is again silent on whether scheduled commercial banks can extend moratorium to NBFCs which have combined debt of Rs 1.7 lakh crore maturing by June 2020.
PTI
COVID-19: Banks in India to Witness Spike in Credit Costs, NPAs in 2020, Says S&P Report
06 Apr 2020
Credit Analyst Gavin Gunning said there were concerns that the coronavirus will spread faster, further, and for longer.
Newsclick Report
SEBI Probe Finds 3 Rating Agencies Guilty in IL&FS Case, Fines Rs 25 Lakh Each
28 Dec 2019
ICRA Ltd, India Ratings & Research and Care Ratings were found to have given positive ratings till mid-2018 despite several warnings by IL&FS statutory auditors.
Newsclick Report
Power Sector Engineers to Strike on January 8 Against Privatisation Move
25 Nov 2019
The government wants to introduce multiple private supply licensees for power distribution across the country. Meanwhile, the UP government has agreed to underwrite the unrecovered amount of the PF…
Newsclick Report
Uncertainty over Another Standstill Agreement of Essel Group with Lenders
21 Sep 2019
Of the total of Rs 7,500 dues to these lenders, the Group has repaid only Rs 3,356 crore.