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PTI
June 3, 2020
\"Service sector activity in India is still effectively on hold, latest PMI data suggest, as output fell at an extreme rate once again during May,\" Joe Hayes, Economist at IHS Markit said


PTI
New Delhi, May 31, 2020
According to a report, the promoters are mulling to offload their shares after the close of the QIP. The Kotak family would sell up to 5.7 crore shares, which will fetch around Rs 6,600 crore at current prices


Anand Adhikari
New Delhi, May 29, 2020
On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation


Aprajita Sharma
New Delhi, May 29, 2020
Falling interest rate amid coronavirus crisis has impacted income of many investors who depended on debt instruments; those with surplus cash can consider peer-to-peer lending, which is attracting increasing interest from people willing to lend to those in need of short-term financing -- whether individuals or small businesses


Reuters
May 28, 2020
A nationwide lockdown entering its third month is expected to lead to a contraction in economic growth in the current financial year, according to several global rating agencies, which have also changed their outlook on the banking sector to negative


BusinessToday.In
New Delhi, May 27, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


Nevin John
May 27, 2020
Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially


Naveen Kumar
New Delhi, May 27, 2020
Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank


Ashish Pandey
New Delhi, May 27, 2020
The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning


Anand Adhikari and Dipak Mondal
New Delhi, May 27, 2020
States finally have headroom to borrow more from the market. But there's a cost to it


Reuters
May 25, 2020
Domestic flights will resume across India on Monday after a day of \"hard negotiations\", the federal civil aviation minister said on Sunday, after some states sought to limit the number of flights


Hari Hara Mishra
May 25, 2020
The creation of a bad bank in its present format can only provide a temporary reprieve, by enabling transfer of a large chunk of NPAs, to make the banks' balance sheet look better


BusinessToday.In
May 23, 2020
The SBI was the first bank to announce a special FD scheme for senior citizens called SBI 'WECARE'. Similarly, HDFC Bank as well as ICICI Bank Bank have also come up with --HDFC Senior Citizen Care FD, and ICICI Bank Golden Years, respectively


Associated Press
May 23, 2020
In late March, Hertz shed 12,000 workers and put another 4,000 on furlough, cut vehicle acquisitions by 90% and stopped all nonessential spending


BusinessToday.In
May 23, 2020
Coronavirus (COVID-19) Highlights: Sikkim, the only state in India to be coronavirus-free up until now, has reported its first COVID-19 confirmed case on Saturday


BusinessToday.In
New Delhi, May 22, 2020
\"The revised timeline for completion of the CIRP of Jet is now August 21, 2020, subject to any further extension of the lockdown by the state government of Maharashtra or the Central Government, as the case may be,\" Jet Airways said in an exchange filing


Aseem Thapliyal
May 22, 2020
Extension of moratorium will put pressure on the books of banks and may lead to a series of bad loans for the lenders


BusinessToday.In
New Delhi, May 22, 2020
Firms where promoter pledge has fallen in past few quarters are Adani Green, Tata Consumer, Torrent Pharma and Zee


Aprajita Sharma
New Delhi, May 22, 2020
If you are a risk averse investor looking to park your surplus cash in FDs, but disappointed with low interest rates that public sector banks are offering, you must know there are ways to earn decent returns


Upasana Rao
May 21, 2020
For corporate borrowers reeling under the pressures of Coronavirus, it will be critical to be able to seek early intervention and avert insolvency


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