Banking & Finance

Consumer behavior has changed rapidly Wibmo, the leading provider of payment security and digital payments in India, published “7 Digital Payment Trends of Indian Consumers”, which offers quick insights into online shopping behavior and drivers in the country. The observations...

Challenges for normalization of businesses The asset quality pressure for banks and non-banks (NBFCs) is expected to increase in FY2021, notwithstanding the three-month moratorium provided by the Reserve bank of India (RBI) to borrowers on their loan repayments, according to...

Bid for Religare Health Insurance equity shares The Competition Commission of India (CCI) received from Trishikhar Ventures LLP a proposal for 18.951% acquisition of the equity share capital of the Religare Health Insurance Company Limited. Trishikhar is a special purpose...

JLR’s 2020 volume set to decline Improvement expected in Tata Motors' credit profile will be impacted by COVID-19, expected to hurt global automotive market, said S&P Global Ratings in its assessment on 2 Apr 2020. “Our previous 'B+' rating was...

Aviation, Hotels and Real Estate face rating downgrade Sectors such as Aviation, Hotels, Cut and Polished Diamonds, Retail and Textiles (Cotton Spinning) and Real Estate (Retail) face rating downgrade pressure, says ICRA in its latest assessment of India Inc. At...

IBA answers FAQs The Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term loans outstanding as on 1 March 2020, as well as on working capital facilities. The Indian Banks Association (IBA) has answered...

Implement reforms for economy to regenerate, say Rai India needs to take urgent steps to prepare a roadmap for sustainable reforms for its banks which are showing signs of weak financial health, according to Vinod Rai, a former Comptroller and...

Consultations underway for 1HFY21 borrowings Foreign portfolio investors are set to participate in a series of government bonds under the ‘fully accessible route’ (FAR) as planned by Indian authorities. The selected securities will be available without any caps for foreign...

Sequential pickup in H2 Nomura is lowering is 2020 GDP growth forecast in India to -0.5% y-o-y from 4.5%, citing various impacts of coronavirus crisis including further financial stress in the banking sector. “We now expect GDP growth to slide...

CCEA approves Rs.670 crore as Govt share The Cabinet Committee on Economic Affairs has approved continuation of the process of recapitalization of Regional Rural Banks (RRBs) by providing minimum regulatory capital to RRBs for another year beyond 2019-20 to 2020-21....