Cause of concern! Bank credit to manufacturing declines
Bank credit to 10 out of the 15 sectors declined in the last decade, an analysis by MVIRDC World Trade Centre (WTC) Mumbai shows.
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FDs a risk for banks: Zerodha’s Kamath
As fixed deposit rates are at a historic low, savvy investors could look at other high-return investment alternatives, including the equity markets, says Zerodha’s Nikhil Kamath.
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
Economic recovery likely to be gradual: Das
Reserve Bank of India governor Shaktikanta Das says that efforts towards reopening the economy are confronted with rising Covid-19 infections.
Eased liquidity may not have takers
With most industries having made a hard stop, the ‘productive on-lending’ that the RBI envisages may remain a pipe dream.
IL&FS Financial Services’ top executive quits
Development comes hours after parent Infrastructure Leasing & Financial Services informed bourses about more defaults.
IL&FS crisis deepens with shareholders deferring bridge loan
Group writing to government and RBI, seeking their intervention; Centre not too keen on bailout, say sources.
Government storm in ICICI Bank’s teacup
The government has strengthened its position on the private lender’s board since the controversy broke.
Indian Banking: Stressed times
With ailing banks on the one hand and a lack of credit availability the other, the government’s chief problem-solver Piyush Goyal faces another herculean task.
Jewellery exporters blame Nirav Modi for credit crisis
The Gems and Jewellery Export Promotion Council condemns the incident and asks for a quick, thorough investigation.
