In its pre-budget recommendations, Assocham suggested a set of focussed measures to revive growth in labour intensive sectors such as tourism, textiles and housing

The last two debt issues by the Mumbai-headquartered HDFC sold like hot cakes thanks to big money on the table by a single investor. The private sector bank Axis Bank emerged as the largest investor in the two debt issues by the HDFC over the last one month

As part of the debt resolution process, lenders of the Reliance Home Finance, which had defaulted on some debt repayment obligation following the crisis in shadow banking industry, appointed Grant Thornton in August 2019 for forensic audit

The V-CIP, which will be consent-based, will make it easier for banks and other regulated entities to adhere to the RBI's KYC norms by leveraging the digital technology

According to industry estimates, around 34,500 to 35,500 luxury cars were sold in India in 2019 as against 40,340 units sold in 2018

World Bank cuts India's FY20 growth estimates to 5% from earlier 6%The World Bank on Wednesday cut its forecast for India's growth for financial year 2020 to 5 per cent from the estimated growth of 6 per cent earlier. The multilateral development lender also expects India's growth to pick up slightly to 5.8 per cent in the next fiscal. World Bank's Global Economic Prospects report stated weakness in credit from non-banking financial companies (NBFCs) as one of the primary reasons ...

India FY20 GDP growth: World Bank also expects India's growth to pick up slightly to 5.8 per cent in the next fiscal

SBI has offered to refund the buyer's amount (principal paid by the home buyer) invested in an under-construction project if the builder fails to handover the occupancy certificate within the agreed time period

The latest SBI Ecowrap report stated that we could be staring at growth rate below 6 per cent for two consecutive years, and the RBI projection of a 5.9-6.3 per cent GDP for FY21 could be on the higher side

The total debt obligation of the company stands at Rs 11,891 crore as of December 2019. The debentures - listed and unlisted - constitute 60 per cent of the total debt of the company

All eyes will be on the budget 2020 with expectations that the government will do what it takes to get the economy back on track

Will the Narendra Modi government announce a populist Union Budget to arrest the economic slowdown? Will Budget 2020 offer tax sops and income tax relaxation to stimulate demand? Unlikely, says Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM)

Even as banks lower their NPAs for the year, new areas of stress are emerging that may create headaches for the financial sector and the RBI

State Bank of India was the first bank to link its loan products, including home loans, to an external benchmark. The public sector lender had chosen to use RBI's repo rate as the benchmark for their home loans

Of the total Rs 6.2 lakh crore mopped up through Indian debt markets, over Rs 6 lakh crore came from the private placement and Rs 16,425 crore through public issuance

Incremental bank credit has increased by just Rs 80,000 crore during FY2020 till December 6, in contrast to the rise of Rs 5.4 lakh crore and Rs 1.7 lakh crore in FY2019 and FY2018 (till December), respectively

SBI to introduce OTP-based cash withdrawal from January 1, 2020, across all SBI ATMs

SBI share price gained up to 2.28% to Rs 337.40 compared to the previous close of Rs 329.85 on Sensex

The Reserve Bank of India's (RBI) annual report raises concerns over the bad loan resolution, credit growth challenges, corporate governance issues in banks and possibility of defaults in retail assets

Innovation in products will be the key factor, be it banking, mutual funds, insurance or loans