The Bank hopes to reach out to atleast 10 lakh farmers through this nation-wide farmers’ meet
The first four infrastructure investment trusts (InvITs), which are likely to hit the primary markets this fiscal, may bring down the overall debt of sponsor groups by nearly Rs 13,000 crore, according to India Ratings and Research (Ind-Ra).
Revenue Secretary Hasmukh Adhia said a system of GST Compliance Rating will be put in place so that every trader or businessman will be rated based on their track record.
Even though Reserve Bank of India Governor Urjit Patel feels “further scope for a more complete transmission of policy impulses remains”, banks hold a different view.
Tractor sales in India are likely to grows in double digits in the fiscal year that started on April 1, following a decision by at least two states to waive some loans to farmers, India's biggest tractor maker said on Wednesday
As NPAs of public sector banks soared to a staggering Rs 6.8 lakh crore, the chairman of a key Parliamentary panel today favoured naming and shaming corporate houses which default on repayment of bank loans.
Stating that shutting down of cigarette factories have put "extreme stress" on tobacco farmers, FAIFA urged the government to withdraw the order that requires 85 percent of pictorial warning on packets of tobacco products, while asking the industry to resume production.
A draft circular on the Large Exposures Framework will be issued for public comments in June 2016, which is to be implemented by January 1, 2019, he said, after unveiling the first bi-monthly monetary policy review for 2016-17.
India's food subsidy for 2015-16 was estimated at around Rs 1.24 trillion. The government believes food subsidy savings through DBT will be much higher than that for LPG. To put things into perspective, the government hopes to save Rs 15000 crore in LPG subsidy leakages every year
The move toward marginal cost of funds methodology for interest rate on advances is aimed at ensuring faster transmission of changes in RBI policy rates to banks' lending rates
S Venkatachalam, managing director, Orient Green Power, says out of the Rs 250 crore raised, Rs 125 crore will be used for expanding projects, while the rest will be used for retiring the high-cost bank loans and getting longer tenures which will lead to larger savings
"The profile carries details like number of training institutes and engineering colleges in each district, availability of various raw materials and types of existing industries in that district. Entrepreneurs can contact us to get the data."
A lethal cocktail of high prices, drying up of bank lending and government efforts to reduce black money may combine to produce what many have anticipated -- in vain -- for long: a crash in realty prices in the country's metropolitan cities.
Moody's has, however, retained its Ba3 rating on the company's recent USD 350 million overseas bonds, issued by its subsidiary Lodha Developers International.
Indian banks have welcomed new rules that could allow them to take majority stakes in troubled companies as a warning to wayward entrepreneurs, even if the provisions will not apply to the bulk of struggling loans from past years.
Asking technology startups founded by Indians to remain within the country, Sebi Chairman U K Sinha has promised an easier set of regulations for them to get listed and raise funds in the domestic stock market.
Even as fourth quarter GDP for the Indian economy came in at 7.5 percent, a data point that stood out is gross value added (GVA): at 6.1 percent growth.
A cut in banks' reserve requirements announced by the People's Bank of China on Sunday was the largest since the global financial crisis, but markets reacted half-heartedly as traders focused on moves by the securities regulator which they feared could pop a gravity-defying, six-month rally.
It is possible that UBI did not get all parts of its legal spadework in order. But the court order, delivered by Judge Debangsu Basak, gives what seems like lightweight reasons for striking down the wilful defaulter tag.
While the bond structure is loosely referred to in India as a commercial mortgage-backed security (CMBS), it differs from a CMBS in the United States or Europe, under which lenders securitise mortgages on commercial property.
Gaurav Mashruwala, Certified Financial Planner shared his reading and outlook on bank loans and guarantors to those loans in an interview to CNBC-TV18.
Banks' loan growth improved in the first two months of the second half of the fiscal year as demand from home loan and retail borrowers picked up
Gujarat government today announced a new textile policy to give a boost to the sector in the state, where 35% of the country's cotton is grown, but 90% of it exported as raw material.
SK Tuteja, panel member of the Shubglu Committee spoke to CNBC-TV18 about the recommendations made and the possible solutions to issues of the power sector.
Billionaire Anil Ambani's Reliance Communications, India's No 2 mobile carrier, has a USD 925 million US dollar convertible bond maturing in March at a conversion price of Rs 654 - more than nine times its current stock price.