Nbfis

Fitch lowers India growth forecast to 7.2% for current fiscal; rupee to weaken to 75 vs dollar by end of 2019

It said GDP growth “softened quite substantially” in July-September quarter of current fiscal growing by 7.1 percent, as against 8.2 percent in April-June.

Outlook on Indian banks stable as economic growth prospects remain healthy amid weak asset quality: Moody's

The environment will stay stable, supported by robust economic growth, Moody's said in a statement.

Govt likely to permit 100% FDI in 25 more segments of NBFCs

Currently, 100 percent FDI through automatic route is permitted in 18 NBFC activities including merchant banking, under writing, portfolio management services, financial consultancy and stock broking.