Banking & Finance

Puri says the budget needs to focus on larger market Given that real estate contributes more than 8% to the Indian economy, it has justifiable expectations from the Union Budget 2021-22 as there are several opportunities to give the sector...

A steady decline in non-performing loans noted Given the Covid-induced disruption, the trajectory of total infrastructure credit in India (banks and infrastructure finance non-bank companies) slowed to 1% sequential growth in H1 FY2021, according to a report by ICRA Ltd....

ADB loan to help reduce power wastage in Bengaluru The Bengaluru Smart Energy Efficient Power Distribution Project will progress on with the conversion of overhead distribution lines into underground cables and build an energy-efficient distribution network, reduce technical and commercial...

Index based on March 2018 The Reserve Bank of India (RBI) has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country. The RBI-DPI comprises of 5 broad parameters that enable measurement...

Saraf sees vaccines putting life and economy on v-shaped recovery globally FIEO President Sharad Kumar Saraf said that India’s December exports have moved towards positive territory as major export products show signs of further revival as expected. The marginal decline...

Himachal Pradesh gets $10m for subtropical horticulture project The Asian Development Bank (ADB) has signed two agreements for a US$231 million loan agreement for the construction of a 120 megawatts (MW) hydroelectric power plant in Assam that will enhance the...

Instant online loan against FD Bank of Baroda envisages to outpace the banking industry growth by 1.50 times at a CAGR of 16% over five years by adopting a digital-first lending approach across retail, MSME and agriculture segments, said Executive...

Capital required to support credit growth Public banks will need to raise additional capital of up to Rs.430 billion next year as they have call options falling due on the alternative tier-1 (AT-I) bonds totalling Rs 233 billion during FY...

Ease of doing business improves the investment climate Rajasthan has become eligible to mobilise additional financial resources of Rs.2,731 crore through Open Market Borrowings on being recognized as the sixth state in the country to have undertaken “Ease of Doing...

Kumar underlines the importance of funding MSMEs and SMEs Artificial Intelligence, Algorithms, Prediction Analysis are the future of lending norms for banks to follow and as such it is important to move on from Rating criteria for grant of loans,...