Personal finance

During the month, credit to agriculture and allied activities slowed to 6.5 per cent from 7.7 per cent last year.Banks’ credit and deposits grew by 7.10 per cent and 10.09 per cent to Rs 99.47 lakh crore and Rs 130.08 lakh crore in the…
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The IL&FS group has external fund-based debt of over Rs 94,000 crore.A significant portion of the recoverable debt of IL&FS or around Rs 47,000 crore will be recovered only by July 2020 and not by March 2020 as anticipated…
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The guidelines provide that board of directors (BoD) of UCBs with deposit size of Rs 100 crore and above shall constitute BoMs.In an attempt to increase the oversight on urban cooperative banks (UCBs), the Reserve Bank of India on…
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While top-rated NBFCs have been able to tap the CP market, others had to look for other avenues to raise funds, including bank credit and overseas markets.By Hariprasad RadhakrishnanEven as the commercial paper (CP) market veered towards…
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The bank had seen a significant deterioration in its asset quality in Q2FY20, with its gross NPA rising to 2.6% from 1.4%.RBL Bankon Tuesday announced it had raised Rs 675.8 crore via preferential allotment of 1.98 crore equity shares…
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RBI governor Shaktikanta Das said at the December monetary policy review that credit flow to the NBFC sector is gradually reviving.The Reserve Bank of India (RBI) on Tuesday extended the availability of relaxed terms for sale of assets…
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Even as it eased the rates, the RBI slashed growth estimates by an unprecedented 240 basis points since the rate cutting cycle began in February to a low of 5 per cent. (Reuters)When the Narendra Modigovernment, stumped by the sudden…
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Despite the major ongoing slowdown, the fund flows to the realty sector has consistently continued.The PSU banks’ share in the growth of realty sector has halved in the last four years while a new form of financiers has rapidly started…
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The government and RBI announced several measures such as allowing banks to provide partial credit enhancements to bonds issued by NBFCs.The crippled non-banking financial companies are hoping for better days in the New Year as they…
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The BoM (excluding CEO) will have a minimum of five members and a maximum of 12. The CEO would be a non-voting member.The Reserve Bank on Tuesday asked all urban cooperative banks (UCBs) with deposits of over Rs 100 crore to constitute a…
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