The rating agency, however, expects the government to support the banks directly rather than the finance companies.

Money stuck for nearly a month, PMC Bank depositors stare at uncertain futureNearly a month after the RBI clamped down on the operations of scam-hit PMC Bank, the depositors say their woes have only worsened, with some unable to pay school fees of their wards, while others finding it difficult to meet medical expenses. Many fear that they might lose their lifetime earnings deposited in savings accounts, or in the form of fixed deposits. So far, three depositors have lost their liv...

The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7.

The chief economist at Goldman Sachs indicates that consumption has been falling since January 2018, which is much before then the end August 2018 default by IL&FS which triggered the liquidity crisis for NBFCs.

Payment problems and lack of demand, coupled with market issues are threatening the survival of MSMEs in the country

Stakeholders continue to be pessimistic due to overall economic slowdown, slump in domestic consumption and drying credit flow to developers

Lending growth by banks had nearly halved to 8.8% at the end-September from the start of the year.

The external directors raising the issue comes at a time when the RBI is facing a lot of flak over its inspection and oversight mechanism efficiency.

Company vice chairman and MD Gagan Banga, in an investor call on Friday, said there was very high liquidity on books to more than cover next 12 months repayments

In a media briefing after a meeting with PSB chiefs the Finance Minister said that the banks have sufficient liquidity, and are ready to lend to all sectors including medium and small-scale enterprises (MSMEs)

The number of property developers falling into bankruptcy has doubled during the past nine months, piling pressure on NBFCs. Potential implosions of these NBFCs could expose banks

Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base.

The World Bank in its latest edition of the South Asia Economic Focus said the country was expected to gradually recover to 6.9 per cent in 2021 and 7.2 per cent in 2022.

These loans were disbursed and re-paid over and over again in these years. Religare Finvest has claimed it was defrauded to the tune of Rs 2,397 crore as principal and Rs 415 crore as interest due at last count when this cycle stopped

A day before, Finance Minister Nirmala Sitharaman had formed a panel to suggest legislative changes to ensure better governance at co-operative banks and provide more power to the regulator

Excluding gold loan companies, which have seen a rally in stock price, promoter wealth in the sector has halved to $7.7 billion from $15.6 billion at FY18-end

The meeting, scheduled to be held on October 14, is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors