Search Results for: NBFCs

Ticking time bomb? Rajan warns of crisis in realty, infrastructure segments

The former RBI governor said real estate, construction and infrastructure sectors are in deep trouble amid the growth recession of low economic expansion and growing unemployment.

Dec 8, 2019

Public Sector Banks disbursed Rs 4.91 lakh crore loan during Oct-Nov: FM Sitharaman

Finance Minister Nirmala Sitharaman in September asked banks to reach out to customers and signal their willingness to lend following all prudential norms to boost consumption and revive the economy.

Dec 4, 2019

SBI to auction NPAs worth Rs 700 crore in November to recover dues

There will be three auctions in the month and the total amount outstanding is Rs 700.34 crore, according to SBI's auction plan.

Nov 4, 2019

Mukesh Ambani confirms India's economic slowdown temporary, reforms undertaken to reverse trend

Mukesh Ambani stated that the reforms undertaken by Prime Minister Narendra Modi's government since August will bear fruits in the next few quarters.

Oct 30, 2019

Worried about slowdown? Mercedes-Benz India sells 600 luxury cars on Dhanteras

The German carmaker's Indian arm said it delivered more than 250 cars in Delhi-NCR alone on Dhanteras; festival season sales surge promises turnaround for the slowdown-hit auto sector.

Oct 28, 2019

Can India tide over economic crisis that may be worse than the 2008 recession?

Goldman Sachs believes the liquidity issue that NBFCs fuelled is only part of the story as the consumption fall is responsible for a third of the overall slump that began snowballing from January 2018.

Oct 18, 2019

Sitharaman's economic revival plan goes for a toss, slowest credit growth in last two years

The data shows that although retail lending activities have increased, lenders are taking a much cautious approach on some consumer loans.

Oct 17, 2019

When will economic slowdown end? World Bank predicts 2nd year of fall in growth

World Bank cut India's GDP growth estimate to 6% for the 2019-20 financial year against 6.9% it achieved in FY19 amid broad-based deceleration of different sectors in the earlier quarters of the year.

Oct 13, 2019

More than 5 lakh jobs expected to be lost due to slump in real estate industry

Several projects are stuck across the country and buyers are waiting for new developers to take interest and complete them.

Oct 13, 2019

PMC Bank customers panic after RBI restricts withdrawals

PMC Bank crisis exposes regulatory failures plaguing cooperative banking space

Reserve Bank of India failed to intervene though PMC Bank chairman Waryam Singh's close links with bankrupt real estate company Housing Development and Infrastructure Ltd was known for long.

Sep 27, 2019

FM Sitharaman announces steps to boost liquidity, demand

FM Sitharaman's liquidity drive gives the economy a booster shot of demand rise

Credit fairs by public sector banks will bring early festival cheer to consumers as corporate tax bonanza will put on steroids PM Modi's FDI push after Howdy Modi.

Sep 20, 2019

E-commerce shopping plunges one fifth in first half of 2019 amid slowdown and lower discount

Mobile phones and fashion are the two major segments that have registered a steep fall.

Sep 16, 2019

For FM Nirmala Sitharaman, economic revival has already started

According to Sitharaman, "there is robust FDI inflows and record forex reserves. The fiscal deficit is improving and current account deficit is contained."

Sep 15, 2019

Muthoot Finance to close 300 branches; A blot on Kerala's investor-friendly image?

The Rs 36,000 crore-Muthoot Finance, India's largest gold financing company in terms of the loan portfolio, would close down around 300 branches permanently in a phased manner if there is no other option.

Sep 4, 2019

Centre responsive to slowdown, but more steps needed: Report

On the measures announced to boost auto sales, the report noted that the auto sector may benefit marginally.

Aug 25, 2019

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