Banking & Finance

Digital banking drives e-payment growth As online payment rose in popularity, paper-based clearing methods experienced a sharp blow within the overall retail payments sector (both in terms of value and volume) in FY 2019. The e-payment solutions market in India...

Significant stimulus to boost industry morale A significant stimulus of Rs.16 lakh crores, which is 7% of GDP, would help the economy to grow more than 4% in the current financial year 2020-21 and convert the U shape recovery into...

Reddy calls for immediate sizeable support for industry Indian businesses are pushing back plans on fund-raising, investments and expansion are being pushed back, according to Dinesh Kanabar, CEO, Dhruva Advisors, who commented on a 380-company survey on COVID-19 pandemic impacts...

Economy blessed with internal consumption While the world tries to revive weakening economies, the investment case for India has only strengthened under the current circumstances, even though these are largely made worse by COVID-19. India's main attraction as an investment...

Interbank funding likely in near-term The RBI’s Rs.1 lakh crore funding lines (including the indirect funding through NABARD, SIDBI and NHB) is expected to take care of nearly 1.5 months of liquidity requirements for NBFC (including HFCs & MFIs), writes...

Sponsors to monetise their assets India’s informal economy, which helped rescued the economy in 2008, is likely to be the first to collapse in the pandemic as trade overall has come to a grinding halt, according to Nishith Desai Associates....

Rising risk for financial sector S&P Global Rating sees Indian economic growth at 7% in the medium term and projects 7.5% growth in fiscal 2022, albeit from a small base,. However, a prolonged slowdown, particularly if the recovery in fiscal...

Big boost for real estate In a major move to boost liquidity in the market, the RBI on 17 April 2020 announced several additional measures to accelerate the economy and facilitate bank credit flows in Lockdown 2.0. Among the various...

Opportunity to re-orientate businesses Public sector banks (PSBs) will continue to support the industry in challenging times being seen due to the deadly coronavirus spread and precautionary measures adopted by the government. This assurance was given by Commerce and Industry...

Generators get help with working capital Coal India Ltd (CIL) has allowed the facility of 'Usance Letter of Credit' to power sector consumers for payment of coal instead of cash advance for the Fuel Supply Agreements. This will help significantly...