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PTI
September 19, 2019



Anand Adhikari
New Delhi, September 18, 2019
Amid a slowing economy and falling income levels, NBFCs are staring at fresh challenges. However, some are doing well


Renu Yadav
New Delhi, September 16, 2019
Experts believe the govt's decision to provide the last mile funding is a wrong approach and is unlikely to benefit majority of the projects, which are stuck in different stages of construction due to the definition of the projects under this scheme.


BusinessToday.In
New Delhi, September 15, 2019
\"I know the industries are going through a tough time now. We want to increase the growth rate. Recently, I met automobile manufacturers at all India convention of the automobile industry and all of them were little worried...,\" says Nitin Gadkari


PTI
New Delhi, September 14, 2019
\"The amalgamation process will take some time and the new entity will start functioning from April 1, 2020,\" MD and CEO of UBI, Ashok Kumar Pradhan, said


PTI
September 14, 2019



Dipak Mondal
New Delhi, September 14, 2019
Different estimates suggest that there are 8.5 lakh to 14 lakh housing units which are incomplete and have been stuck due to different reasons across the country. Under Insolvency and Bankruptcy Code (IBC) alone, over 400 cases were under the different stage of resolution as on 30 June 2019.


BusinessToday.In
New Delhi, September 14, 2019
FM Sitharaman announced Rs 10,000 crore fund for last-mile funding of stuck housing projects, reduction in interest rates on house-building advance and linking to 10-year government securities yields


BusinessToday.In
New Delhi, September 14, 2019
FM Nirmala Sitharaman press meet: The FM says that as part of affordable housing, the government will give additional deduction up to Rs 1.5 lakh for interest paid on loans borrowed up to March 31, 2020, for purchase of house valued up to Rs 45 lakh


BusinessToday.In
New Delhi, September 13, 2019
The merged entity will be the fourth largest public sector lender in India with business of Rs 15.2 lakh crore and will also create the third largest branch network in India with 10,342 branches


PTI
New Delhi, September 13, 2019
If the bank maintains its June quarter loan growth rate of 21 per cent in the ongoing quarter as well, which analysts see quite likely, it will race past the Rs 1-lakh-crore milestone by the month-end itself


Nevin John
September 12, 2019
\"The government should boost public spending for the revival of the economy. A good monsoon will revive economic activities in the rural market, while the bank recapitalisation will enhance liquidity,\" said Seshagiri Rao, Joint Managing Director & Group CFO, JSW Steel


BusinessToday.In
September 12, 2019
The former prime minister has recommended a six-pronged action plan for the Modi government to tackle the ongoing crisis, which he attributes to demonetisation and faulty GST rollout. The Congress stalwart believes that the country can return to a high growth trajectory in 3-4 years if the government takes appropriate action.


Nevin John
Mumbai, September 10, 2019
When many billionaires surrendered their businesses to the Insolvency and Bankruptcy Code (IBC) -- Suzlon head Tulsi Tanti managed to scrape through the financial difficulties. The situation is not same as before


Anand Adhikari
Mumbai, September 10, 2019
There are other options available to new strategic investors to buy directly from the Yes Bank as it needs capital and more equity dilution is on the card


BusinessToday.In
September 10, 2019
Lenders to Dewan Housing Finance Ltd are now planning to infuse fresh funds to the tune of Rs 7,000 crore into the company to ensure that it's SMA-2 loans, where interest payment is delayed for 60-89 days, do not slip into NPA category


BusinessToday.In
September 9, 2019
Minister for Information and Broadcasting Prakash Javadekar said, \"no other government in the past has taken so many people-friendly decisions in its first 100 days in power\"


Anand Adhikari
New Delhi, September 5, 2019
The lending rates of banks on home or personal loans are actually a function of their cost of funds, overheads, risk premium and profit margin. That's the reason why you pay less for a safe mortgage (home loan) and more for an unsecured personal loan


BusinessToday.In
New Delhi, September 4, 2019
The bank gross NPAs are expected to decline by 350 bps, SBI Chairman Rajnish Kumar denies concern around credit squeeze after the bank merger, PM Modi reaches Russia to attend Eastern Economic Forum in Russia and more news on News Blast.


BusinessToday.In
New Delhi, September 3, 2019
As per the report, the banks' gross NPAs are expected to decline by 350 basis points (bps) to around 8% by March 2020, compared with the peak of 11.5% in March 2018 and 9.3% in March 2019


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