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Changes To Business Lending Underway At India’s PSU Banks

PYMNTS

India’s state-owned banks are going through changes that could mean an overhaul in business lending, The Economic Times (ET) reported on Friday (Jan. For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations.

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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

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Funding Options Criticizes UK Approach To Late SMB Tax Payments

PYMNTS

Alternative small business lending platform Funding Options has criticized U.K. tax authorities’ approach to small businesses that fall behind on tax payments. The tax authority applied to close 4,160 businesses last year, reports noted. The company is urging HMRC to allow small businesses more time to pay.

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How to Increase Member Business Lending

Abrigo

Small Business Loans | 5 minute read Key Takeaways Credit unions' small business loans hit a record low, while small business lending continues to remain strong at big banks and community banks. Going digital can help reduce the cost of small business lending and capture more member business loans. Talk to an expert.

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UK Treasurers Call For Accelerated Corporate Lending

PYMNTS

The acceleration of economic effects of the coronavirus has Britain’s Association of Corporate Treasurers (ACT) asking the banks to speed up the flow of credits to companies, according to a Reuters report. ACT said the banks’ program to lend directly to large businesses should be extended to include smaller firms.

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Interest, Auto Lending And Credit Cards Boost Capital One’s Q1

PYMNTS

Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. Capital One reported net income up 71 percent to $1.3 By The Numbers . billion from a year earlier.

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Lending FinTech GreenSky Files For IPO

PYMNTS

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). The Wall Street Journal reported that the Atlanta-based company, which enables retailers, health-care providers and home contractors to offer loans to their customers, could go public as soon as this summer.

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