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Parliament Panel Says Lag Impact Of Pandemic May Fuel Bad Loans
A Parliamentary panel has said that due to some "lag impact" of the Coronavirus pandemic, there could be a rise in bad loans
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Indian Economy To Grow At 8.3% In 2021: World Bank
The World Bank on Tuesday slashed its 2021-22 GDP growth forecast for the Indian economy to 8.3 per cent from 10.1 per cent estimated in April, saying economic recovery is being hampered by the devastating second wave of coronavirus infections.
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Banks Have Lost Over 1,000 Employees To Covid, Many More Infected: Report
Indian banks have lost more than a thousand employees and many more are infected, according to a industry body, underscoring the heavy toll virus has taken in the country battling the world's worst coronavirus crisis.
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After Recession Warning, Government's New Moves On Economy: 10 Facts
The government today announced new measures to support the manufacturing sector and create jobs after the Reserve Bank of India said the country was set to enter a recession with estimates of another quarterly contraction. The country's economy has been badly hit by the coronavirus pandemic, with growth shrinking by a record 23.9 per cent between A...
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Remittances To India To Drop By 9% In 2020: World Bank
The World Bank on Thursday said remittances to India would fall this year by 9 per cent to $76 billion due to the ongoing coronavirus pandemic and global economic recession.
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Wall Street Banks See Rare Payday Bonanza In India Despite Pandemic
India has seen a number of multi-billion dollar transactions in 2020 from oil-to-telecom conglomerate Reliance Industries' fundraising efforts to GlaxoSmithKline's sale of its stake in Unilever's Indian business.
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Recovery Hopes Dashed For India's Recession-Hit Economy: Poll
Indian economy likely shrank 18.3 per cent during that period, according to the August 18-27 poll of over 50 economists.
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"RBI Has Confirmed What I Have Been Warning For Months": Rahul Gandhi
Rahul Gandhi said that "distractions through media won't help the poor" as he tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic.
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Indian Students Struggle To Access Covid-19 Hardship Funds In UK: Study
In a survey conducted among students from 28 countries across 31 universities in June at the peak of the pandemic lockdown, 54 per cent of the respondents were from India and many of them reported being rejected for hardship funds and some having to resort to free food banks to save costs.
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Sensex, Nifty Edge Lower In Choppy Trade; Reliance Industries Falls Nearly 2%
State Bank of India and Indian Oil were scheduled to report their financial results for the April-June period later in the day.
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Opinion: There's No Half-Rescuing A Zombie. Ask Yes Bank
The shock of the coronavirus lockdown on economic activity could leave several Indian lenders short of capital - just as Yes was in March.
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Indians Pawn Gold For Loans As Borrowing From Banks Becomes Tougher
Gold-backed loans are becoming more popular with banks, which tend to consider them safer than other unsecured borrowing
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Indian Carmakers Offer Teaser Loans As RBI Softens Stance: Report
Carmakers Maruti Suzuki, Hyundai and Mercedes Benz are offering buyers "teaser loans", a move sources said followed a softening of the Indian central bank's stance on the products in the face of a coronavirus crisis induced economic slump.
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12 Crore Indians Lost Jobs Last Month Amid Virus Lockdown: Think Tank
At least 49 million people across the world are expected to plunge into "extreme poverty" -- those living on less than $1.90 per day -- as a direct result of the pandemic's economic destruction and India leads that projection, with the World Bank estimating some 12 million of its citizens will be pushed to the very margins this year.
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RBI Chief Shaktikanta Das To Hold Briefing At 10 AM
Reserve Bank of India (RBI) Governor Shaktikanta Das will address the media at 10:00 am. The press briefing will take place days after Finance Minister Nirmala Sitharaman gave details of the Rs 20 lakh crore economic relief package announced by Prime Minister Narendra Modito help the economy recover from the shocks linked to the coronavirus pandemi...
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Parliament Panel Says Lag Impact Of Pandemic May Fuel Bad Loans
A Parliamentary panel has said that due to some "lag impact" of the Coronavirus pandemic, there could be a rise in bad loans
-
Indian Economy To Grow At 8.3% In 2021: World Bank
The World Bank on Tuesday slashed its 2021-22 GDP growth forecast for the Indian economy to 8.3 per cent from 10.1 per cent estimated in April, saying economic recovery is being hampered by the devastating second wave of coronavirus infections.
-
Banks Have Lost Over 1,000 Employees To Covid, Many More Infected: Report
Indian banks have lost more than a thousand employees and many more are infected, according to a industry body, underscoring the heavy toll virus has taken in the country battling the world's worst coronavirus crisis.
-
After Recession Warning, Government's New Moves On Economy: 10 Facts
The government today announced new measures to support the manufacturing sector and create jobs after the Reserve Bank of India said the country was set to enter a recession with estimates of another quarterly contraction. The country's economy has been badly hit by the coronavirus pandemic, with growth shrinking by a record 23.9 per cent between A...
-
Remittances To India To Drop By 9% In 2020: World Bank
The World Bank on Thursday said remittances to India would fall this year by 9 per cent to $76 billion due to the ongoing coronavirus pandemic and global economic recession.
-
Wall Street Banks See Rare Payday Bonanza In India Despite Pandemic
India has seen a number of multi-billion dollar transactions in 2020 from oil-to-telecom conglomerate Reliance Industries' fundraising efforts to GlaxoSmithKline's sale of its stake in Unilever's Indian business.
-
Recovery Hopes Dashed For India's Recession-Hit Economy: Poll
Indian economy likely shrank 18.3 per cent during that period, according to the August 18-27 poll of over 50 economists.
-
"RBI Has Confirmed What I Have Been Warning For Months": Rahul Gandhi
Rahul Gandhi said that "distractions through media won't help the poor" as he tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic.
-
Indian Students Struggle To Access Covid-19 Hardship Funds In UK: Study
In a survey conducted among students from 28 countries across 31 universities in June at the peak of the pandemic lockdown, 54 per cent of the respondents were from India and many of them reported being rejected for hardship funds and some having to resort to free food banks to save costs.
-
Sensex, Nifty Edge Lower In Choppy Trade; Reliance Industries Falls Nearly 2%
State Bank of India and Indian Oil were scheduled to report their financial results for the April-June period later in the day.
-
Opinion: There's No Half-Rescuing A Zombie. Ask Yes Bank
The shock of the coronavirus lockdown on economic activity could leave several Indian lenders short of capital - just as Yes was in March.
-
Indians Pawn Gold For Loans As Borrowing From Banks Becomes Tougher
Gold-backed loans are becoming more popular with banks, which tend to consider them safer than other unsecured borrowing
-
Indian Carmakers Offer Teaser Loans As RBI Softens Stance: Report
Carmakers Maruti Suzuki, Hyundai and Mercedes Benz are offering buyers "teaser loans", a move sources said followed a softening of the Indian central bank's stance on the products in the face of a coronavirus crisis induced economic slump.
-
12 Crore Indians Lost Jobs Last Month Amid Virus Lockdown: Think Tank
At least 49 million people across the world are expected to plunge into "extreme poverty" -- those living on less than $1.90 per day -- as a direct result of the pandemic's economic destruction and India leads that projection, with the World Bank estimating some 12 million of its citizens will be pushed to the very margins this year.
-
RBI Chief Shaktikanta Das To Hold Briefing At 10 AM
Reserve Bank of India (RBI) Governor Shaktikanta Das will address the media at 10:00 am. The press briefing will take place days after Finance Minister Nirmala Sitharaman gave details of the Rs 20 lakh crore economic relief package announced by Prime Minister Narendra Modito help the economy recover from the shocks linked to the coronavirus pandemi...
