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The govt is hoping that a stronger banking system will help bolster loan growth hovering near a five-year high seen in December.
A lack of project cash flows, combined with costlier refinancing, could force property assets to head straight to the morgue after moratorium.
Total education loan NPAs of state-run banks grew to 8.97 per cent as of 31 March 2018, from 7.29 per cent two years ago.
Millennial Indians are coming up with new, creative ways to fund their exotic travels — whether it's a trip across Europe or a weekend getaway to Lonavla.
Overall activity indicator compiled by Bloomberg shows sharp drop in a liquidity indicator & slowing growth in infrastructure industries. Mumbai: A banking liquidity crunch and weak business sentiment before state elections this year outweighed signs of a revival in consumer demand during India’s main festival season, keeping the outlook for the world’s fastest-growing major economy muted. An overall activity indicator measuring animal spirits -- a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action -- was unchanged in October despite a slew of data from two-wheeler vehicle sales to consumer demand showing an improvement from the previous month. The measure, compiled by Bloomberg News, reflects a sharp drop in a liquidity indicator, a sign of tight financial conditions, as well as slowing growth in infrastructure industries. The latest readings back up the view that growth is moderating in India. Data on Nov. 30 will probably...
The RBI has agreed to look into longstanding demands of the government, including easing of lending norms.
RBI is looking at strengthening guidelines for non-bank lenders to avoid rollover risks after the IL&FS defaults.
Adani Power Ltd will reportedly take over about 38 billion rupees of loans out of a total of 58 billion rupees that GMR Chhattisgarh Energy Ltd owes.
Power producers had previously challenged RBI’s revised debt servicing rules, which they allege can push nearly 75 gigawatts of projects into bankruptcy.
The UK bank intends to rebuild the retail banking operation in India by strengthening deposits and offering loans digitally.