Fincyclopedia ’s Post

So the great reset begins! How can the Business Rescue fraternity assist the banks and the economy to restructure successfully, without defaulting on loans? #businessrescue

#Banks as anticipated are sending notices advising customers on their new lending rates ranging from 300-500basic points (3-5%) in line with market realities and of course the new #CBN MPR! This means customers with existing loans will pay more for outstanding obligations; and those who want to take on debt should expect higher rates.

Dive into the numbers: Which banks are leading in loan growth and which are seeing deposit contractions? Find out in our exclusive report Tap here to know more: https://shorturl.at/gFBJf #BankingSector #FinancialNews #DepositGrowth #LoanGrowth #CASA #EconomicFluctuations #InvestorPerspective #BankingUpdates #FinancialMarkets #EconomicTrends

Banks expect their lending standards to tighten further over the second half of 2023. Expectations were fueled by increased economic uncertainty and an expected deterioration of collateral values and credit quality of existing loans. https://lnkd.in/etdQU-NC

Credit quality (of a bank) Broadly speaking, the credit quality of a bank is its financial solvency as manifested in its ability to continue its operations as a going concern. This involves its ability to meet its... https://lnkd.in/dDPHCXFC #bank #banking #credit #loans #fincyclopedia #finance #financial #banks #glossary #dictionary #financialencyclopedia

4 ways banks are overcharging borrowers on loan rates https://lnkd.in/d2xHwMV6 Download Economic Times App to stay updated with Business News - https://lnkd.in/eK4XZsX #RBI #bankingsector #bankingservices #bankingdomain #bankingfinancialservices

“Good News for Loan Borrowers: Only Penalty Charges, No More Penalty Interest from January 2024!" The Reserve Bank has given some new rules about how banks can charge extra fees on loans. They're basically saying that Banks can't just add more interest if you miss a payment. Instead, they should only Charge a fixed amount as a penalty to make sure people stick to the rules. The idea is to keep things fair and transparent. They noticed that different banks were doing things in different ways, and that was causing problems for customers. Now, they're telling Banks to be clear about these charges, make sure they're not too high, and let people know why they're being charged. These rules will start from January 1, 2024. Any new loans or renewals after that date will follow these rules. For existing loans, the banks have to make the switch When they review or renew the loan, or within six months from January 1, 2024, whichever happens first. RBI Link Here : https://lnkd.in/gncq4H9p

Prime Lending Rate remains unchanged at 11.75% for now

The latest Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve System reveals tightened standards and weakened demand across all commercial real estate loan categories. Notably, banks have tightened lending policies for maximum credit line sizes, loan rates, and premiums on riskier loans. Higher interest rates and decreased property development contribute to this trend. Click here to read more from GlobeSt.com: https://ow.ly/SGWa50RAQU5

Continued coverage of a rising trend with our clients... utilizing alternative lending sources in the face of continued bank credit tightening. ABF Journal https://lnkd.in/gaZN-Udf #lending #finance #commerciallending #credit #banks