India is set to become the world’s third largest economy in 2034, over taking Japan, according to the London-based Centre for Economics and Business Research (Cebr).
Read moreIndia is set to become the world’s third largest economy in 2034, over taking Japan, according to the London-based Centre for Economics and Business Research (Cebr).
Read morePublic Sector Banks (PSBs) have sanctioned over 11.68 lakh Repo-linked loans to retail borrowers for home, vehicle, education and personal loans and to micro and small enterprises, amounting to Rs.1.32 lakh crore post Finance Minister’s announcements on 23 Aug 2019...
Read moreThe Government’s extensive reforms have restored financial health of banks, with the gross Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) declining from Rs.8.96 lakh crore in March 2018 to Rs.7.27 lakh crore in September 2019.
Read moreIndia’s exports could face headwinds in the event of sustained global slowdown as has been witnessed so far, said the Reserve Bank of India (RBI) in its Economic Outlook for 2020.
Read moreMany corporate frauds could be prevented if the companies pay heed to the complaints from their clients and employees, according to Dr D K Aggarwal, President, PHD Chamber of Commerce and Industry.
Read moreThe year-on-year (Y-o-Y) growth in bank credit is expected to decelerate sharply to 6.5-7.0% during FY2020 from FY2019’s 13.3%, following limited incremental credit growth during FY2020 till date, says rating agency ICRA Ltd on 26 Dec 2019.
Read moreOf the total US$35 billion loan advances given to developers in MMR, nearly US$8.7 billion (or 25%) is currently under ‘severe’ stress, writes Shobhit Agarwal, MD & CEO - ANAROCK Capital.
Read moreThere is enough cash available in the banking system and its now for the industry to take advantage of this, said SBI Chairman Rajnish Kumar.
Read morePrime Minister Narendra Modi has highlighted the sweeping reforms to make Banking Sector more transparent and profitable.
Read moreThe Asian Development Bank (ADB) has signed a US$490 million loan for public-private partnership (PPP) project to upgrade about 1,600 km of state highways and major district roads (MDRs) from single-lane to two-lane widths in the state of Madhya Pradesh.
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