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India Inc must start investing: SBI chief

India, June 3 -- India Inc. will need to overcome risk aversion and start investing if the economy has to pick up, said State Bank of India (SBI) chairman Rajnish Kumar. Speaking at the Confederation ... Read More


Extraordinary efforts needed to lift the economy: Uday Kotak

India, June 3 -- Billionaire banker Uday Kotak on Tuesday said extraordinary efforts were required to lift the economy and ensure that India's trend growth does not come down. Speaking at the Confede... Read More


Uday Kotak calls for extraordinary efforts with speed

New Delhi, June 2 -- Billionaire banker Uday Kotak on Tuesday called upon the need for extraordinary efforts to lift the economy and ensure that India's trend growth is not coming down. Speaking at th... Read More


Bank credit to non-banks rose by Rs.5,000 cr to Rs.8.12 tn in Apr: RBI

Mumbai, June 1 -- Bank loans to non-banking finance companies rose by Rs.5,000 crore in April to touch Rs.8.12 trillion, RBI data showed, at a time non-food credit fell by Rs.1.1 trillion. However, th... Read More


Banks craft loan recovery plans amid Coronavirus outbreak

India, June 1 -- Banks and non-banking financial companies (NBFC) in India are mapping new strategies as they prepare for the challenge of recovering their retail loans amid widespread disruptions to ... Read More


Banks craft loan recovery plans

Mumbai, June 1 -- Banks and non-banking financial companies (NBFC) in India are mapping new strategies as they prepare for the challenge of recovering their retail loans amid widespread disruptions to... Read More


Axis Bank cuts savings account interest rate to 3%

Mumbai, June 1 -- Private sector lender Axis Bank Ltd cut interest rate on savings account by 25 basis points with effect from Monday. The interest on savings account for balance up to Rs.50 lakh has... Read More


Bank credit to NBFCs continues to grow in April

MUMBAI, June 1 -- Even as bank non-food credit fell by Rs.1.1 lakh crore in April, lending to non-banking finance companies (NBFCs) continued to grow. According to the Reserve Bank of India's sectoral... Read More


RBI's decision to extend loan moratorium credit negative for NBFCs: Moody's

MUMBAI, June 1 -- The Reserve Bank of India's decision to extend loan moratorium by another three months is credit negative for non-banking finance companies, according to rating agency Moody's Invest... Read More


Banks craft loan recovery plans

mumbai, June 1 -- Banks and non-banking financial companies (NBFC) in India are mapping new strategies as they prepare for the challenge of recovering their retail loans amid widespread disruptions to... Read More