Credit

Showing of 1 - 20 from 120 results
Credit - Total results - 120
World Bank projects GDP growth in India to decelerate to 5% in current fiscal on lower consumption, less credit
Business

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
Business

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
News & Analysis

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
Business

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
India

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
News & Analysis

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
Business

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
Business

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
Business

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
Business

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
India

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
News & Analysis

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
Business

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
Business

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
Business

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

 Airtel best positioned to respond to Reliance Jio 4G services: report
Business

Airtel best positioned to respond to Reliance Jio 4G services: report

The report, however, said given the scale of investments, network capacity size, and differentiating investments (spectrum/fibre backhaul, etc.) made, it believe even Bharti's numbers could come under pressure in the next couple of years.

Credit conditions to strengthen with growth, reforms: Moody's
Economy

Credit conditions to strengthen with growth, reforms: Moody's

The retrenchment in global commodity prices should translate into lower operating costs for sectors such as automotives, manufacturing, infrastructure and power.

 RBI puts pressure on banks to lower lending rates
Economy

RBI puts pressure on banks to lower lending rates

The RBI kept its key policy rate on hold at 7.5 percent on Tuesday, but is disappointed that after two rates cuts earlier this year just four of 45 Indian banks have lowered their lending rates.