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Lenders May halt funding over 'Sin' tag: ONGC Chief

CFO News

ONGC Videsh, the state-run explorer's overseas arm that has 32 projects in 15 countries, is already facing increased green scrutiny. ONGC didn't respond to ET's request for comment.

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Lenders again move RBI on wilful defaulter tag for non-performing accounts

CFO News

Banks have again approached the Reserve Bank of India (RBI) to request an extension in the deadline for classifying non-performing accounts as wilful defaulters, according to sources familiar with the matter.

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Bajaj Hindusthan sugar proposes second restructuring plan

CFO News

The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.

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Today In Payments: Biden Expected To Name Michael Barr To Head OCC; Biden’s Treasury Pick Yellen Leary Of Crypto

PYMNTS

Auto Lenders Use AI To Drive Safer Real-Time Disbursements. In the Real-Time Payments Tracker, Alvarez explains how pre-transaction verification and artificial intelligence (AI)-powered analysis can help lenders quickly vet and disburse loans in real time. COVID-19’s Price Tag Leaves Large Hospitals At Financial Risk.

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Why Hello Kitty Has A Credit File

PYMNTS

Merchants, lenders and banks never see the person on the other side of the transaction, and proving that someone is, well, legitimate is becoming more difficult. The price tag is enormous, as estimated by SentiLink and some of its partners, reaching as much as $2 billion annually — and that’s just for banks. Flavors Of Fraud.

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Today In Payments: Google Reports Resurgence In Pandemic Hacking; Tech Cos Make M&A Deals

PYMNTS

Google’s security experts had their hands full in April, as its Threat Analysis Group (TAG) emailed 1,755 warnings to users whose accounts were targets of hacking and phishing attempts by cybercriminals. Plus, Samsung and SoFi have partnered to offer a new mobile money management tool. Google Reports Resurgence in Pandemic Hacking, Phishing.

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Analyst: Apple Card Acquisition Costs Estimated At $350 Per Cardholder

PYMNTS

Nomura estimates a price tag of $350 per consumer in terms of acquisition costs, which means breakeven is several years away. As a new entrant, Goldman Sachs does not have the historical data or experience that lenders obtain when underwriting through a credit cycle,” the report reads.