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NBFCs, personal and corporate loans lead credit growth in India; details here
Bank loans to NBFCs have been constantly rising at a time when corporate bond yields have substantially increased due to expectations that the RBI will continue to raise the repo rate from its present level.
Explained: The new graduation programme designed for India’s Agniveers
The three-year Bachelor’s degree for the new recruits under the Agnipath scheme will recognise in-service training as 50 per cent of the credits while the remaining could be earned from a choice of courses. The programme would be recognised both in India and abroad for employment and education
Sri Lanka economic crisis: India extends credit, fuel, food to help the island nation
The Reserve Bank of India has extended a currency swap of $400 million and deferred payments owed by the Central Bank of Sri Lanka under the Asian Clearance Union worth several hundred million dollars
World Bank projects GDP growth in India to decelerate to 5% in current fiscal on lower consumption, less credit
The World Bank has projected a five percent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 percent in the following financial year
Ease of Doing Business: Relaxed norms for setting up firms, other steps to help India to improve ranking
In its annual 'Doing Business' report, the World Bank ranks nations based on 10 parameters relating to starting and doing business in a country
Facebook agrees to change its advertising platform to settle discrimination suit
Facebook will create a new advertising portal for ads linked to housing, employment and credit.
RBI move on ECB is good; will ease pressure on cost of borrowing, encourage firms to borrow more from market
The idea is to have it more predictable so that companies can play around with their choice of borrowing.
Arun Jaitley says government does not need RBI funds in next six months, Centre keen to gain control over bank reserves
Critics accuse the government of trying to undermine the RBI's authority, but Arun Jaitley said the BJP-led government respected the institution’s independence.
Flipkart and Amazon offer consumers instant credit against their Aadhaar number
This is despite SC verdict preventing private entities from using Aadhaar number for verification.
Note-ban, GST hit household savings rate; decline may pose challenge for economy, says report
Despite an overall decline in the savings rate, the household savings rate for public sector increased marginally to 1.6 percent in FY17 from 1.5 percent in FY12 and for corporations, it fared better at 12.1 percent from 9.5 percent.
Axis Bank to process payments over WhatsApp in two month's time; over 66% transactions made digitally
Axis Bank is working with Google, WhatsApp, Uber, Ola and Samsung pay to be able to create the ecosystem for customers to be able to make payments
Budget 2018: Arun Jaitley can't treat agriculture as just another sector; it needs targeted policy action
Any set of solutions – and they will have to be a set – will have to address this volatility in growth and by extension, agricultural incomes.
Lower taxes, higher public expenditure could widen budget deficit in 2017-18, cautions Moody's
Moody's believes that the government’s commitment to fiscal consolidation remains and sustained growth would help it reduce debt burden.
Delhi woman shot dead in Shalimar Bagh; police say husband received threats after he failed to repay loan
A woman was shot dead allegedly by unidentified men in the wee hours today in northwest Delhi's Shalimar Bagh area, police said.
Credit card applications and purchases likely to be authenticated by selfies in the future
The announcement comes at a time when personal information on 145.5 million Americans was recently accessed or stolen from the credit bureau Equifax.
In times of deepening jobs crisis, a bankruptcy law for individuals is an urgent need
The need for individual bankruptcy law is all the more urgent today given the precarious jobs situation in many sectors
Bengaluru-based fintech startup KredX acquires Hummingbill
KredX essentially is a connecting point for credit-worthy MSMEs to raise working capital, against their unpaid invoices, from individual financers.
Demonetisation: Why NBFCs with regional dynamics and strong customer connect will weather the current crisis
The NBFCs scripted the success story largely because of their innovative product lines, wider and effective reach, strong risk management capabilities to check and control bad debts, and better understanding of their customer segments