COVID-19 Impact: Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings
While bad loans from the corporate sector may rise by Rs 3.4 lakh crore, for non-corporate segments it may increase by Rs 2.1 lakh crore in FY21, India Ratings and Research said in the report
The RBI measures will revive credit flow by commercial banks and targeted long-term repo operation (LTRO) would further activate the corporate bond market and also provide much-needed liquidity to NBFCs, NITI Aayog vice-chairman Rajiv Kumar said on Friday
Banking, financial stocks zoom up to 21% after RBI's liquidity-boosting measures; Axis Bank surges over 13%
In his second televised address since the nationwide lockdown began from 25 March, RBI Governor Shaktikanta Das pledged to boost liquidity and expand bank credit.
In Q3, non-government GDP actually grew by just 3.9%; economy is in ICU, needs an urgent booster shot
The highlight of the December quarter GDP data is not just the GDP numbers alone, but the massive revisions of the past data
Reserve Bank Governor Shaktikanta Das on Monday said slowing credit growth is one of the major challenges that banks are facing currently
Missing consumer expenditure survey: Everyone knows what the numbers signal; opaqueness will only widen trust deficit
One just needs to look at the sales figures of auto makers, FMCG companies and state of the manufacturing and construction sector to understand where does the consumer confidence indicators point at this stage.
P Chidambaram flays govt over economic indicators; says imports, exports down, bank credit declined, no new investment
Chidambaram, the former finance minister, said he has asked his family to tweet, giving two more economic indicators for the people to draw their own conclusions
Index of 8 core industries for August shrink, RBI bonanza keeps fiscal deficit in check; all this and more in Moneycontrol Pro
The index of eight core industries for August 2019 fell by 0.47 percent from a year ago
Govt unlikely to announce any economic stimulus before Monday, meetings planned to discuss package: Report
The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India’s economic growth to 6.2 percent in the financial year ending next March from a previous estimate of 6.5 percent,
The recognition of e-KYC can also aid in boosting the productivity of bank resources and save costs involved in manual procedural formalities.
RBI rate cuts unlikely to push credit demand as NBFC crisis deepens, banks look for growth capital: Report
Credit growth is unlikely to pick up despite the three successive rate cuts by the central bank due to the capital constraints at banks and the deepening crisis in the non-banking lenders sector, warns a report
GDP at 6-quarter low of 6.6%: Growth numbers may not be telling us whole story yet; reality is often masked in statistics
Post the disappointing October-December GDP figures, achieving even 7% full year growth seems to be a tough task for Indian economy
The Central Statistics Office (CSO) is scheduled to release quarterly GDP estimate for April-June 2018 on 31 August
IMF said India should continue fiscal consolidation and lower elevated public debt levels supported by simplifying and streamlining the GST structure,
IMF lowers growth rate for India to 7.3% in 2018, 7.5% in 2019, but it still retains world's top spot
India continues to outperform China, IMF's WEO update figures reflect. Growth in China is projected to moderate from 6.9 percent in 2017 to 6.6 percent in 2018 and 6.4 percent in 2019, as regulatory tightening of the financial sector takes hold and external demand softens, the report said.
IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19
The IMF Board is tentatively scheduled to meet on 18 July for its annual India meeting.
Reserve Bank of India releases draft norms to modify loan system in order to bring discipline among large borrowers
The Reserve Bank on Monday came out with draft guidelines on loan system for delivery of bank credit to improve discipline among larger borrowers
Banks' credit rose 11.52 percent year-on-year to Rs 84,78,459 cr and deposits grew at 7.96 percent to Rs 113,77,729 cr in the fortnight ended 13 April, RBI data showed
From bad loans to excess liquidity, why situation post NPA and fraud episodes is not a happy one for banks
Banks Board Bureau that was set up for appointments has not exactly been even a moderate success and hence the issue of management at banks remains open.
Circa 1996, state-controlled Indian Bank faced a Rs 1,336 crore scam which after inflation-adjustment may compare well in size with the PNB fraud.