Tag Archives: lending

BoI, Syndicate Bank, Allahabad Bank cut lending rates by up to 25 basis points

More banks in the public sector came forward to announce cuts in their lending rates days after RBI cut repo rate by 35 basis points. This time, the banks to make the announcements are Bank of India, Syndicate Bank and Allahabad Bank. While BoI and Syndicate Bank have cut their marginal cost of fund-based lending rates or MCLRs by 25 basis points, ... Read More »

RBI reduces risk weights for bank lending to NBFCs

The Reserve Bank of India (RBI) has decided to assign risk weights for the rated exposures of banks to all non-banking financial companies (NBFC) to facilitate credit flow to the sector that is reeling under liquidity pressure post IL&FS defaults in August. The guidelines will be out by February end. “With a view to facilitating flow of credit to well-rated ... Read More »

What is stock lending and borrowing & how it works

What is SLB? Securities Lending and Borrowing is a mechanism through which investors can borrow or lend shares to other market participants. The platform provides a viable alternative to derivatives market for purposes of hedging. Borrowers in SLB are usually short-sellers i.e. traders who want to sell shares that they don’t own. Lenders on the other hand are those investors who have bought ... Read More »

Small Business Lending from Big Banks and Institutional Lenders Surges, Biz2Credit Reports

Big banks and institutional lenders continue giving small businesses a reason to smile. According to the newly released Biz2Credit Small Business Lending Index report for November 2016, loan approval rates at both big banks and institutional lenders continued to rise, improving to new highs. What’s more, small banks also showed an increase in small business loan approval rates. The only drop in ... Read More »

Punjab National Bank Cuts Lending Rates For Select Maturities

Punjab National Bank has trimmed the marginal cost based lending rates by 0.05 per cent. New Delhi: State-owned Punjab National Bank (PNB) has cut marginal cost based lending rates by 0.05 per cent for select maturities to be effective from next month. “The bank has reduced marginal cost of funds based lending rate (MCLR) with effect from June 1, 2017,” ... Read More »

Choosing the Right Lending Institution

The vast majority of people will need to take out a loan at some point in their life. Houses and cars are the two most expensive things that people buy. Therefore, most people cannot afford to pay cash for them. They require a lending institution to give them a loan that will allow them to make the purchase. They will ... Read More »

HSBC launches special lending facility for start-ups in China’s Pearl River Delta

HSBC (HSBA.L) has launched a $290 million lending facility aimed at technology start-ups and other new industries in China’s Pearl River Delta region, intensifying the battle for a slice of a business that is growing despite a slowing economy. Showered with money from private investors over the last few years, the promising technology start-ups in China, the world’s second-largest economy, ... Read More »

Singapore bank halts lending for London properties over Brexit vote

Singapore’s third-biggest lender has suspended new loans for the purchase of London properties as the aftershocks of Britain’s vote to leave the EU are felt around the world. United Overseas Bank said it would “temporarily stop” issuing the loans because of heightened uncertainty following the Brexit decision. “As the aftermath of the UK referendum is still unfolding and given the ... Read More »

Lloyds Banking Group reveals surge in buy-to-let lending

Mortgage lender pins rise on rush to beat new stamp duty charges as bank group reveals profits nearly halved in first quarter Lloyds is accelerating its plan to cut jobs and shut branches to cut costs. Photograph: Niklas Halle’N/AFP/Getty Lloyds Banking Group, the UK’s biggest mortgage lender, has revealed a surge in activity by buy-to-let and second-home buyers in the ... Read More »