loans Archives - Pinfaves

Bad Loans Likely To Rise Up To 9% By Fiscal-End: CRISIL

December 24, 2021December 24, 2021 Loknath Das9%, Bad, by, Fiscal-End:, Likely, loans, Rise, to, Up

Gross non-performing assets (NPAs) of banks are likely to rise to 8 per cent to 9 per cent by the end of the current financial year, compared to 7.5 per cent of last year, rating agency CRISIL said in a report. The Coronavirus relief measures like restructuring and emergency credit line guarantee scheme will help in limiting the rise, it added. The rise in NPAs, said Krishnan Sitaraman, CRISIL’s senior director and deputy chief ratings officer, will be led mainly by retail clients and micro, small and medium enterprise (MSME)…

Auxilo Finservice targets ₹50-crore education loans in 3 months

December 30, 2017 Loknath Das3, Auxilo, Education, Finservice, In, loans, Months, targets, ₹50-crore

HYDERABAD, DEC 22: Mumbai-based Auxilo Finservice Private Ltd, a new NBFC on the block, is all set to begin disbursal of education loans. “We are now commencing loan disburals from Hyderabad and Mumbai. Before March 31, 2018, we will expand to Bengaluru, Chennai, Delhi and Pune,’’ Neeraj Saxena, Chief Executive Officer, told newspersons here. Target In the next three months, Auxilo hopes to disburse ₹50 crore and is targeting to lend ₹350 crore by the end of the next financial year. During the financial year 2016-17, eduction loans totalling ₹20,000…