Banking & Finance

FICCI seeks fiscal support for industry Chief Minister Bhupesh Baghel has called on the industry to invest in his state Chhattisgarh, assuring that all necessary steps will be taken to allow the industry to function. Addressing a special session via...

Dialogue on for further help The Asian Development Bank’s (ADB) US$1.5 billion loan will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention. Singed on 28 Apr 2020...

RBI reassures retail investors The Rs.50,000 crore Special Liquidity Facility by the RBI to ease redemption pressure on Mutual Funds (MF) in the face of Covid-19 crisis would not only restore confidence in the MF industry but also ensure financial...

Banks remain risk averse RBI announcement of special liquidity facility for mutual funds is positive as it is likely to reduce the volatility in bond yields arising out of increased sale of debt investments by the fund houses to meet...

Banks are focused on urban and semi-urban markets The Indian credit card market is anticipated to grow at a CAGR of more than 25% during 2020-2025, on account of rising popularity of credit cards and growing trend of purchasing products...

Govt revenue will dwindle Given the extent of the damage to the economy from the disruption to business, the GDP growth in FY21 will likely be the lowest in many decades, according to Chandrajit Banerjee, Director General, Confederation of Indian...

Expect further cuts in interest rates NRIs may be steadfast patrons of property investments in India, but the current COVID-19 crisis has toppled economies and personal finances worldwide and NRIs are not immune. Many NRIs settled in Europe, America and...

MFIs face multiple challenges ICRA expects the securitisation volumes for NBFC-MFIs to be impacted significantly in FY2021 due to Covid-19 outbreak. The spread of the disease is impacting the:  1) operational activities involved in executing transactions during Q1 FY2021;  2)...

Turn crisis into opportunity Minister for Road Transport & Highways and MSMEs Nitin Gadkari is striving to increase credit gaurantee to Micro, Small and Medium Enterprises (MSMEs) to Rs.5 lakh crore from the present level of about Rs.1 lakh crore....

Customers-Employees to support hard-hit society DBS Bank India has committed to provide 2 million meals to the underprivileged affected by the pandemic, in partnership with organisations such as The Akshaya Patra Foundation, United Way Mumbai, Pratham Mumbai Education Initiative, Goonj,...