Banking & Finance

The Agence Française de Développement (AFD) funds, supports and accelerates the transitions to a fairer and more sustainable world, has agreed to provide a grant of Euro700,000 for railway station developments in India.

The Ministry of Power and New & Renewable Energy will follow up with the Reserve Bank of India (RBI) in a move to get the Public Sector Banks (PSBs) to lend more for RE projects and held RE developers access...

Commerce & Industry Minister Piyush Goyal has emphasized the need for reciprocal market access for Indian products during meetings with Japan, USA, UK, China, France, Singapore, South Korea, Spain, Canada, EU, Mexico, Saudi Arabia, South Africa, Chile and Australia.

India is showing a political and economical will to usher in the massive development required, said NITI Aayog CEO Amitabh Kant.

The Indian banking system is on the cusp of a transformation, aided by recent policy measures to reduce vulnerabilities and improve its financial health, said Shaktikanta Das, Governor of Reserve Bank of India.

Commerce and Industry Minister Piyush Goyal has asked RBI to extend US$25 billion line of credit to exporters, ensuring funds with interest rates not 2% above LIBOR.

The Reserve Bank of India (RBI) has issued a revised framework for resolving stressed assets by offering lenders a 30-day period to label an account of a Non-Performing Asset (NPA).

Trade and economic relations between India and China have seen rapid progress in the last few years with bilateral trade reaching US$87.06 billion in 2018-19 from a low of US$2.92 billion in 2000-01.

The market for distressed assets in India is vast and will increase in the days to come, given the size of the Indian economy, its growth potential of 7+% for over next two decades or so, increase in intensity of...

The Competition Commission of India (Commission or CCI) has approved the acquisition of electrical and automation (EA) business of Larsen & Toubro Limited (L&T) by Schneider Electric India Private Limited and MacRitchie Investments Pte. Ltd.