Several leading NBFCs, all boasting impeccable pedigrees—CitiFinancial, SBI Cards, BoB Cards, Cholamandalam DBS Finance and GE Money—have extended unsecured loans to high-risk, non-salaried borrowers. They are now facing massive delinquencies. Can the problem spiral out of control like the subprime crisis in the US? A report by Anand Adhikari.

For most finance professionals, the days of dizzying salary hikes and fat bonuses are over. In fact, many have been retrenched. The downturn in markets—India and global—has forced a number of hitherto gung-ho financial services firms to wield the job axe. Rachna Monga reports.

Developers are refusing to admit it, but they are in trouble. Smaller developers are also getting affected by the downturn, having been forced to defer their IPOs due to adverse market sentiments.

Inflation is a bugbear that continues to give mandarins in the economic ministries sleepless nights. The latest figures show it at 11.98 per cent for the week ended July 19. Sub-normal rainfall in large parts of India can push inflation to 14 per cent.

The asset quality of retail loans in india has weakened in recent months, a CRISIL report says. The contributing factors: the rising proportion of unsecured loans, increasing exposure to high-risk customers, hardening interest rates, and a dip in credit standards during 2004-07.

Losses in the West haven’t deterred global banks. French bank along with Citi, Credit Suisse, Lehman Brothers, and Goldman Sachs are in investing mode in India.

The world's largest bank is gasping for breath. Will it now cut back operations globally to put its house back in order, or will it expand in India and China to offset its losses elsewhere?

There’s a tentative sense of relief on Dalal Street. The April-June quarter results of several companies are in, and the good news is that there are no nasty surprises.

The stock market’s massive fall has been swift, sharp and painful. Experts believe there’s going to be more pain before it settles down. Yet, predicting its bottom is like catching a falling knife.

Some facts about other management schools in India.

After years of working in the sizeable shadow of Bajaj Auto, Rahul Bajaj’s younger son Sanjiv strides out on his own into the high-growth world of financial services.

The RBI directive makes it clear that the operations of Sahara’s residuary non-banking finance company are not in good shape. The central bank has directed SIFC to reconstitute its board within 30 days of the directive in such a way that half its members should be independent directors.

Mercer India’s Padma Ravichander; Keshav Sanghi, former Head of Equities, Deutsche Bank in India; Pratap Bose, COO, Mudra; Rajat Gupta, Vice Chairman, International Chamber of Commerce; Amul’s Parthibhai Bhatol; and Aegis Media Group’s Ashish Bhasin.

Bank credit growth remains subdued in January 2021

Business Today presents an annual listing of India Inc.'s fastest growing large, mid-size and small companies based on their revenues.

While India Inc. had managed to avert a sharp deceleration in its topline and bottomline growth in the first three quarters of fiscal 2008, it’s the last quarter that perhaps gives a clear picture of where they are headed. Hit by higher input prices and interest rates, corporate earnings growth was down sharply in the last quarter of 2007-08. Now with derivatives losses growing, India Inc. faces anxious times ahead.

The banking sector has been through many downs—loan waivers, subprime writeoffs, derivative losses and CRR hikes. But is the worst over?

Can information technology be transformational? Without doubt, yes. And here are 20 examples to prove it. Our annual listing of the most IT-savvy outfits in the country.

Developers are fighting hard to hold their prices, while buyers are betting on a fall. Here's the thing: real estate prices will correct, but you can rule out a crash.

How bad forex derivatives losses get will depend on the rates.