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Reuters
New Delhi, October 23, 2019
The rating agency, however, expects the government to support the banks directly rather than the finance companies.


BusinessToday.In
New Delhi, October 21, 2019
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...


PTI
New Delhi, October 20, 2019
The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7.


PTI
New Delhi, October 19, 2019
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.


PB Jayakumar
October 17, 2019
Payment problems and lack of demand, coupled with market issues are threatening the survival of MSMEs in the country


Rashmi Pratap
Mumbai, October 17, 2019
Stakeholders continue to be pessimistic due to overall economic slowdown, slump in domestic consumption and drying credit flow to developers


Reuters
New Delhi, October 16, 2019
Lending growth by banks had nearly halved to 8.8% at the end-September from the start of the year.


BusinessToday.In
October 16, 2019
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.


Rashmi Pratap
Mumbai, October 14, 2019
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


BusinessToday.In
October 14, 2019
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)


Reuters
October 13, 2019
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


PTI
New Delhi, October 13, 2019
Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base.


PTI
New Delhi, October 13, 2019
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.


PTI
October 13, 2019



BusinessToday.In
New Delhi, October 11, 2019
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


BusinessToday.In
October 11, 2019
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


PTI
October 11, 2019



Rashmi Pratap
Mumbai, October 10, 2019
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


PTI
October 10, 2019
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


PTI
October 9, 2019



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