IL&FS again spooks IndusInd Bank numbers for straight second quarter, net rises a paltry 5% at Rs 985 cr in Q3
IndusInd Bank's overall exposure to the MSME sector stands at Rs 32,000 crore and there is no demand for a loan recast as of now, Sobti said.
Noida-based engineer and RTI activist Amit Gupta had sought to know from the bank the amount of agriculture loans given to farmers till 2018 and how much of that had turned NPAs till last year.
Default rates among borrowers taking multiple loans from MSME lenders rise to 4.4% in three years: Report
The study shows that 45 percent of the sanctions showing loan stacking behaviour belong to loans sanctioned by NBFCs and 23 percent of the borrowers who have taken loans from NBFCs fall in this category.
Agriculture, manufacturing to push GDP growth to 7.2% in 2018-19; per capita net national income rises 11%: CSO
In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during 2018-19 are estimated at 11.5 percent and 11.0 percent, respectively.
The CAD increased from $6.9 billion or 1.1 percent of GDP in the second quarter of 2017-18.
In comparison, 14 gold-linked ETFs had witnessed a withdrawal of Rs 422 crore in the first seven months of 2017-18, latest data with industry body Amfi showed.
The Indian economy is expected to experience a gradual and sustainable recovery and post GDP growth of 7.5 percent this fiscal, American financial services firm Morgan Stanley said in a report on Tuesday
India's growth has been projected at 7.4 per cent for the current fiscal by Asian Development Bank as well as global rating agency Standard & Poor's
The government has ordered a cut of nearly 20 percent in its 2014/15 healthcare budget due to fiscal strains, putting at risk key disease control initiatives in a country whose public spending on health is already among the lowest in the world.<br />
US Senate leaders announced a deal on Wednesday to end a political crisis that partially shut down the federal government and brought the world's biggest economy close to a debt default that economists said threatened financial calamity.