Stories
The YES Bank crisis is far from over
No respite for the capital-starved private lender even after fresh $2-billion capital infusion offers from a slew of investors. What lies ahead?
ADB cuts India’s FY20 growth forecast to 5.1%
The Asian Development Bank cites the credit crunch and a rise in risk aversion in financial markets caused by the IL&FS crisis for the revision.
India to see 7% rise in job creation in Oct-Mar period
Though the employment outlook in India has fallen due to slowing growth, seven sectors including information technology and e-commerce show upticks in hiring intent, says a TeamLease Services report.
SBI under-reported bad loans by ₹11,932 cr in FY19
RBI’s risk assessment audit indicates the public sector lender would have suffered a net loss of ₹6,968 crore versus the reported net profit of ₹862 crore for FY19.
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