Lending & Credit
Delayed accounting rules bring reprieve to debt-ridden Indian banks
State banks would have to raise $16b in provisions in Q1 if the rules kicked into effect.
Delayed accounting rules bring reprieve to debt-ridden Indian banks
State banks would have to raise $16b in provisions in Q1 if the rules kicked into effect.
Soured debt outpaces growth of Philippine bank loans in 2018
Bad loans grew 16.17% even as total loans rose 13.6%.
Indonesia's 88 fintech lenders see opportunity in US$70b credit gap
With average loan sizes of US$35,000-200,000, farming remains the main opportunity.
Deutsche Bank establishes bad-loan buying unit in India
More than 29 asset reconstruction companies have been set up after 2002.
Singapore banks' credit costs to rise 5bp in 2020
The IFRS9 will require banks to set aside for anticipated losses.
Vietnamese banks urged to stem rapid lending
The loan growth of commercial banks hit 17-18% on average.
Chinese banks urged to ramp up lending to rural businesses
Outstanding loans to rural areas already hit $4.91t in 2018.
IDBI Bank puts up $1.4b of bad loans for sale
It holds the unenviable distinction as the bank with the worst-bad loan ratio.
Chinese banks' record-high lending boost only short-term gains
Short-term loans surged 57.8% in January whilst mid- and long-term loans only rose 5.3%.
Central Bank of India puts up $468m worth of bad loans for sale
Interested parties should submit an EOI and sign non-disclosure agreements for an e-auction on 20 March.
Philippine banks' loan growth cools down to 15.7% in January
Household loan growth slowed to 12.7% in January from 13.6% the previous month.
Bank-backed online loan approval platform in India plugs SME funding gap
Since its launch in November 2018, the platform approved loans worth $4.23b.
Bad loans haunt Singapore banks as asset quality risks mount
The NPL formation of OCBC and UOB rose by 137bp and 94bp respectively in Q4.
Indian shadow banks face cash crunch as developer defaults mount
Cash-short developers have to repay around $18.15b in outstanding debt.
India's Allahabad Bank seeks clearance to transfer bad loans from Hong Kong unit
It aims to sell its lone overseas branch in Hong Kong.
Chinese banks' new loans hit record high at $477b in January
Regulators have encouraged banks to lend more to firms hit by the deleveraging.
Philippine banks agree on $410m debt-equity swap to save troubled Hanjin
The five creditors have agreed to swap debt for shares in the parent firm.