ANNUAL LENDING SUPPORT
Plan likely to give NBFCs more lending room
India is mulling a plan akin to US' Troubled Asset Relief Program to give NBFCs some headroom to lend.
With new Maha offer, farm loan write-offs touch Rs 4.7 lakh cr in last 10 yrs
Even though agriculture NPA was only Rs 1.1 lakh crore or 12.4 ...
Technology-enabled lending in 2020: from data to diversity
We are in the midst of a data explosion and by one estimate, about 2.5 quintillion...
Banks not keen to lend big to small businesses
Credit flow to MSMEs shrinks as lenders turn cautious owing to economic slump. The contraction in gross credit flow to the sector could be on the back of risk-averse lending by top banks as slowing consumption and stalling manufacturing growth. Between November 2018 and 2019, gross loans to micro and small industries fell 0.1%.
Gold at 3-month peak; set for biggest annual rise since 2010
Scarcity-hit palladium was on track to surge more than 50% in its fourth straight yearly gain.
Satin Creditcare gets $15 million ECB funding
The first ECB investment in SCNL was by World Business Capital.
JSW Infra lends support to Suraksha Realty in turnaround of Jaypee Infratech
JSW Infra said it has issued a letter of support to Suraksha Realty to give financial, strategic and technical assistance in the delivery of pending flats to Jaypee homebuyers within the timeframe. Suraksha Realty and state-run NBCC on Tuesday submitted their final bids to acquire bankrupt realtor Jaypee Infratech through the insolvency process.
Gautam Gambhir urges BCCI to dissolve DDCA after fracas during its AGM
A source said the AGM was "disrupted by supporters of general secretary Vinod Tihara after resolution 3, 4 and removal of its Ombudsman Justice (Retd) Badar Durrez Ahmed was defeated by almost 75 percent" of the members.
World Bank to continue with USD 6 billion annual lending support to India
As many as 97 projects are being currently executed with loan assistance from the World Bank.
DoT to meet industry on January 6 on Budget-related issues; will 'support' cut in levies
A senior government official told that the Department of Telecom (DoT) will be "supportive" of the industry's demand for reduction in levies, both licence fee and Spectrum Usage Charges (SUC), and will formally communicate its Budget related suggestions to the finance ministry after holding a detailed consultation with the telecom players.
Israel keen to support growth of Indian semi-conductor industry
A local semiconductor manufacturing industry can support the development and manufacturing of sensors required for India specific Internet of Things (IoT) products, especially in the domains of agriculture, healthcare, smart cities, safety and waste management. The report estimates establishing such an industry would witness a pay back of 6.3X in terms of economic impact.
US Senators proposes bill to clamp down on World Bank lending to China
Three Republican Senators have tabled a legislation in the US Senate to prevent World Bank from lending to China on projects that would be used against religious and ethnic minorities.
Banking industry's NPA situation to improve by fiscal-end: SBI chairman
Rajnish Kumar added that there are opportunities to lend in sectors such as infrastructure and consumer lending as there is not much of a decline in demand from consumers. On transmission of monetary policy, he said the banks cannot lower rates beyond a threshold due to asset liability mismatch issues.
Annual deadline for ecommerce's FDI compliance check: September 30
Sept 30 every year is the deadline for ecomm firms to ready their annual compliance reports as per FDI norms.
RBI may cut rates again to support growth
In five reductions so far in 2019, interest rates have been lowered by a total of 135 basis points.
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