RBI has made it more costly to lend & borrow unsecured loans. One reason is financial risk these loans can pose, while another is harassment of borrowers by recovery agents.
Most recent data shows India’s top 3 private banks lent nearly 3 times the average industry rate in the quarter of March, while maintaining better asset quality than their state peers.
Researchers from US and Germany examined 100 debt contracts between Chinese state-owned entities and govt borrowers in 24 countries to give an insight into how China lends. Edited excerpt.
The RBI has assured both the market and government of creating comfortable liquidity conditions so that private and government borrowing are not hampered.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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