Jaspal Bindra Centrum Capital executive Chairman Housng and SME lending

Centrum Capital plans to enter Home Loans and SME Lending

Financial services group Centrum Capital is overhauling its business under its executive chairman Jaspal Bindra, former Asia-Pacific chief of Standard Chartered Bank. The new focus is on asset-led activities such as housing finance and loans to small and medium enterprises (SMEs). At the same time, it seeks to increase the flow of earnings from mainstay Read more about Centrum Capital plans to enter Home Loans and SME Lending[…]

Rising Defaults on Loan Against Property

Rising Defaults on Loan Against Property

Defaults on loan against property (LAP), which have been modest till the last year, could significantly increase in the next four quarters, says a report. Raising a red flag, it said delinquencies have tripled in 2-3 years. Delinquencies may even exceed 5 per cent on a static basis for a few non-bank financial institutions (NBFCs), Read more about Rising Defaults on Loan Against Property[…]

NBFC Borrowing from the Banks to lend to SME

New Trend: Banks are Lending to NBFCs

NBFCs are making the best of their status as major borrowers from banks. With credit demand from the industry being low, they are not only forcing banks to invest in their commercial papers (CPs), but are also issuing them at huge amounts. While July was the fourth successive month when banks’ lending to the industry Read more about New Trend: Banks are Lending to NBFCs[…]

US Govt agency OPIC ties up with RBL Bank, & NeoGrowth to help disburse loans to Indian SMEs

US Govt agency OPIC ties up with RBL Bank, & NeoGrowth to help disburse loans to Indian SMEs

RBL Bank and NeoGrowth Credit Pvt will provide loans to small and medium enterprises in the Indian retail segment that are excluded from mainstream funding and financing with the help of a US government agency. The funding will be backed by the Overseas Private Investment Corporation (OPIC) — a US Government organization that mobilizes private Read more about US Govt agency OPIC ties up with RBL Bank, & NeoGrowth to help disburse loans to Indian SMEs[…]