Crisis Hit Bank In India
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Informal Sector Hit Hardest By COVID Crisis In India: World Bank President
''....the hit that COVID caused on the Indian economy and especially on the informal sector of the Indian economy which is large," said David Malpass, World Bank, President
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Consumer Inflation Hits 4-Month Low Amid COVID-19 Crisis, Stays Above RBI Goal
Consumer inflation in India eased to 5.91 per cent in March, in line with economists' estimates, official data showed on Monday, as the country entered the twentieth day of a nationwide lockdown to fight the rapid spread of the coronavirus pandemic. That marked the lowest level of retail inflation recorded since 5.54 per cent in November, but still...
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Factory Activity Growth Hits 4-Month Low Amid Coronavirus Crisis: Survey
A 21-day nationwide lockdown, which started on March 25 in the world's second most populous country, is expected to deliver a heavy shock to the economy despite massive fiscal and monetary support packages by the government and the Reserve Bank of India last week.
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Meghalaya Assures Customers As Yes Bank Crisis Hits Two Rural Banks
The ripples of the Yes Bank crisis are being felt even in Meghalaya's rural banking sector. Two rural banks of the north-eastern state - Meghalaya Co-operative Apex Bank and Meghalaya Rural Bank - which use technical support from Yes Bank for some of their services have reported disruptions. This has created panic among depositors and customers at ...
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No Funds For Kartarpur, Say Sikhs In Maharashtra Hit By PMC Bank Crisis
At least 1,950 Sikhs from Maharashtra could not go to Gurudwara Darbar Sahib in Pakistan after opening of the Kartarpur corridor as they are facing financial crunch due to a scam at the Punjab and Maharashtra Cooperative (PMC) Bank, a senior community leader claimed.
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India's Growth May Slow Down To 5.7% In April-June: Nomura
The report attributed the slowdown to the ongoing crisis in shadow banks, which were funding the consumption drive before liquidity crisis hit them.
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Jet Airways Suspends Operations, Hopes To Be Back Soon: 10 Points
Jet Airways, once India's top airline now hit by a debt-crisis, said on Wednesday that it was suspending operations temporarily, having failed to secure emergency funds from its lenders. The airline, saddled with more than Rs 8,000 crore of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about Rs 1,500 crore from...
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Customers Can Pay At Petrol Pumps Via Cards For No Extra Charge: Government
Banks and oil companies are in discussions as to who should bear these charges, the government said a day after averting a crisis that would have hit millions of people as oil pump owners threatened to stop taking card payments.
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Cash-Driven Rural India Grapples To Keep Up With Black Money Chase
In a largely cash-driven rural India, the government's surprise move to scarp Rs 500 and 1,000 notes to check black money crisis has hit people hard as some of them even don't have bank accounts and are scrambling to get cash to meet their daily needs.
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A Malnutrition Crisis Hits West Bengal's Tea Gardens
In Bengal, malnourishment and poverty related diseases have killed at least 100 people since January in the tea gardens in the Dooars, according to NGOs working in the area.
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Sales of private non-financial companies up 9.2 per cent in December quarter
Sales of private non-financial firms in the third quarter of 2012-13 grew 9.2 per cent to Rs 7.45 lakh crore -- the lowest year-on-year expansion rate in the post crisis period -- hit mainly by manufacturing and IT sectors, the Reserve Bank of India (RBI) reported on Wednesday.
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Kingfisher Airlines gets funds but staff crisis hits another low
Kingfisher Airlines plunged further into crisis after its Bangalore staff refused to attend a meeting with the management, sources said. The airline had to cancel its meetings in Bangalore and Chennai scheduled for today.
-
Debt restructuring in FY13 hits mid-size public sector banks
The debt crisis in Indian banking continues, with loans over Rs4,400 crore referred for corporate debt restructuring until May 2012.
-
Informal Sector Hit Hardest By COVID Crisis In India: World Bank President
''....the hit that COVID caused on the Indian economy and especially on the informal sector of the Indian economy which is large," said David Malpass, World Bank, President
-
Consumer Inflation Hits 4-Month Low Amid COVID-19 Crisis, Stays Above RBI Goal
Consumer inflation in India eased to 5.91 per cent in March, in line with economists' estimates, official data showed on Monday, as the country entered the twentieth day of a nationwide lockdown to fight the rapid spread of the coronavirus pandemic. That marked the lowest level of retail inflation recorded since 5.54 per cent in November, but still...
-
Factory Activity Growth Hits 4-Month Low Amid Coronavirus Crisis: Survey
A 21-day nationwide lockdown, which started on March 25 in the world's second most populous country, is expected to deliver a heavy shock to the economy despite massive fiscal and monetary support packages by the government and the Reserve Bank of India last week.
-
Meghalaya Assures Customers As Yes Bank Crisis Hits Two Rural Banks
The ripples of the Yes Bank crisis are being felt even in Meghalaya's rural banking sector. Two rural banks of the north-eastern state - Meghalaya Co-operative Apex Bank and Meghalaya Rural Bank - which use technical support from Yes Bank for some of their services have reported disruptions. This has created panic among depositors and customers at ...
-
No Funds For Kartarpur, Say Sikhs In Maharashtra Hit By PMC Bank Crisis
At least 1,950 Sikhs from Maharashtra could not go to Gurudwara Darbar Sahib in Pakistan after opening of the Kartarpur corridor as they are facing financial crunch due to a scam at the Punjab and Maharashtra Cooperative (PMC) Bank, a senior community leader claimed.
-
India's Growth May Slow Down To 5.7% In April-June: Nomura
The report attributed the slowdown to the ongoing crisis in shadow banks, which were funding the consumption drive before liquidity crisis hit them.
-
Jet Airways Suspends Operations, Hopes To Be Back Soon: 10 Points
Jet Airways, once India's top airline now hit by a debt-crisis, said on Wednesday that it was suspending operations temporarily, having failed to secure emergency funds from its lenders. The airline, saddled with more than Rs 8,000 crore of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about Rs 1,500 crore from...
-
Customers Can Pay At Petrol Pumps Via Cards For No Extra Charge: Government
Banks and oil companies are in discussions as to who should bear these charges, the government said a day after averting a crisis that would have hit millions of people as oil pump owners threatened to stop taking card payments.
-
Cash-Driven Rural India Grapples To Keep Up With Black Money Chase
In a largely cash-driven rural India, the government's surprise move to scarp Rs 500 and 1,000 notes to check black money crisis has hit people hard as some of them even don't have bank accounts and are scrambling to get cash to meet their daily needs.
-
A Malnutrition Crisis Hits West Bengal's Tea Gardens
In Bengal, malnourishment and poverty related diseases have killed at least 100 people since January in the tea gardens in the Dooars, according to NGOs working in the area.
-
Sales of private non-financial companies up 9.2 per cent in December quarter
Sales of private non-financial firms in the third quarter of 2012-13 grew 9.2 per cent to Rs 7.45 lakh crore -- the lowest year-on-year expansion rate in the post crisis period -- hit mainly by manufacturing and IT sectors, the Reserve Bank of India (RBI) reported on Wednesday.
-
Kingfisher Airlines gets funds but staff crisis hits another low
Kingfisher Airlines plunged further into crisis after its Bangalore staff refused to attend a meeting with the management, sources said. The airline had to cancel its meetings in Bangalore and Chennai scheduled for today.
-
Debt restructuring in FY13 hits mid-size public sector banks
The debt crisis in Indian banking continues, with loans over Rs4,400 crore referred for corporate debt restructuring until May 2012.
