Saturday, 1 October, 2022
TopicLoans

Topic: Loans

Indian banks are still not fully passing on interest rate cuts to customers

Spread between RBI’s key policy rate & weighted average lending rate on outstanding loans from banks is highest in data going back to February 2012.

Broke Air India mortgaged land worth Rs 3,775 crore — land that belonged to someone else

The land, two prime plots in New Delhi, was loaned to Air India by the housing ministry. It is now locked with a consortium of 19 banks led by SBI.

Pakistan stock market, currency reel after it seals 13th IMF bailout since 1980s

The Pakistan central bank is due to meet Monday to decide on monetary policy, with economists expecting a seventh straight hike in interest rates.

Slackening consumer demand is reining in animal spirits of economy

Uncertainty over outcome of elections has cast a shadow on investments & consumer demand has been hit by relatively tight financial conditions.

Election promises are giving a big push to financing deals for infrastructure projects

Loans for projects came to Rs 520 billion in March quarter, the highest since 2011, compared with Rs 144 billion in previous quarter.

Global analysts are ratcheting up their profit forecasts for Indian equities

Fundamentals of corporate India are improving & projections for next year’s earnings at S&P BSE Sensex Index companies has jumped to a record high.

India to inject Rs 482 billion into state lenders to boost loans

The govt is hoping that a stronger banking system will help bolster loan growth hovering near a five-year high seen in December.

India is sleepwalking to trouble on debt of real estate developers

A lack of project cash flows, combined with costlier refinancing, could force property assets to head straight to the morgue after moratorium.

Indian nurses are not paying back their education loans

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.

‘Shameless’ crowdfunding to loans at 24%, Indians will do anything for Instagram-worthy trips

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.

On Camera

YourTurn

Wild elephants monitored under thermal UAVs in Maharashtra | RESQ Charitable Trust

We monitored wild elephants, leopards in villages with thermal drones first time in Maharashtra

Whether it's monitoring wildlife, mitigating conflict, capturing of wildlife on field, UAVs are effective tools to complement existing on-ground efforts.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

File photo of former Air Chief Marshal RKS Bhadauria after flying a MiG-21 of 51 Squadron at the Srinagar airbase | ANI

Famed IAF pilot Abhinandan Varthaman’s MiG-21 Squadron bows out from Srinagar today

Known as the ‘Sword Arms’, number-plating of the squadron was done Friday. It has made way for MiG-29s to be the new 'guardian of the Valley'.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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