One of the biggest problems faced by banks and financial institutions is the failure of borrowers to repay loans. So, defaulters are offered incentives such as partial waiver of interest or a scheme

Kingfisher Airlines has not defaulted on any loan and all its accounts with banks are standard, Chairman Vijay Mallya said on Tuesday. King of good times no moreEarlier in the day, Kingfisher

India's banks need to step up efforts to resolve their existing non-performing assets (NPA) and tighten credit risk management systems, the Reserve Bank of India said in its annual report on banking

Early payback decision needs deliberation. Get an income tax payment schedule, and invest in debt-based instruments for liquidity in the near future. The rise in interest rates have resulted in home

Banks' loan growth fell below 18 per cent on a year-on-year basis for the first time in this financial year, with demand for credit showing no signs of pick up even as the busy season started.In

India's economic gloom deepened on Wednesday as worsening loan quality at the country's biggest lender rattled investors, Moody's downgraded its outlook for banks, and October car sales skidded 24

Non-banking financial companies (NBFCs) have seen a significant improvement in handling of assets, even in the high interest-rate regime, according to the quarterly results' numbers. These companies,

State Bank of India, the country's largest lender, has enough liquidity to fund loan demand, Chairman Pratip Chaudhuri said on Wednesday. PM cracks the puzzleEarlier in the day, it beat estimates

Union Finance Minister Pranab Mukherjee Tuesday said the target of Rs.475,000 crore crop loan to be provided to farmers this fiscal will be surpassed. 'We had said that we will double the short-term

Bad loans are not threatening the entire banking system and the policy guidance given so far would hold until further notice, a deputy governor of the Reserve Bank of India, Subir Gokarn, said at a