The B-school also witnessed new roles in the domain.
The operating environment is unpredictable, but if the bank can't give a clear picture of what's in store, calling the bottoming out of its asset quality stress is nearly impossible.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
If used wisely, credit cards can actually work for you. Here are three simple steps that can help you get more out of your credit cards.
Moody's Investors Service on Thursday said loans to retail customers, especially those to low-income borrowers, will remain most affected due to the shock caused by the coronavirus pandemic. Despite the pandemic challenges, asset quality at Indian banks has performed better than expected at the start of the outbreak, Moody's said. "Corporate loans, in particular, have performed well because banks prior to the pandemic had largely provisioned for legacy problem loans and tightened underwriting standards," Moody's vice president and senior credit officer Srikanth Vadlamani said. Addressing an online conference organised by Moody's and its affiliate Icra, Vadlamani said an increase in non-performing loans in both public and private sector banks is subdued.
Mumbai Ranji Trophy captain Ajinkya Rahane has praised the BCCI 'for giving importance to domestic cricket.'
Ratings firm Fitch on Wednesday assigned a stable outlook to the Indian auto components sector in 2012 and said it is expected to perform well on the back of demand from original equipment manufacturers for localised content.
Manika Batra could not be more thrilled about bossing the World No. 2 from China earlier this week but to beat the top-10 players more often, the Indian table tennis trailblazer knows she needs to do more on the tactical and fitness front.
The top 50 exposures, amounting to Rs 7.8 trillion, of government-registered non-banking financial companies (G-NBFCs) constitute about 40 per cent of corporate credit within the NBFC sector, indicating concentration risk, according to the Reserve Bank of India's report "Trend and Progress of Banking in India 2022-23". Notably, all the 50 are tied to the power sector, a domain fraught with inherent challenges, the report said. The report highlighted recognising the escalating systemic importance of G-NBFCs, the Prompt Corrective Action (PCA) framework had been expanded to include G-NBFCs excluding those falling within the base layer.
As the country's HNI population is on a rise, the segment is hard to ignore for domestic banks.
If Pitroda's blunder cost him his office, what should the BJP's unrepentant attitude cost it?, asks Shyam G Menon.
Agency's downgrade forms only a small portion of the bank's overall rating.
Fisichella joins Force India for its debut F1 season, bringing extensive Formula One know-how to the team. A veteran of 12 FIA Formula One World Championship seasons, with three victories and almost 300 points to his credit, his experience will help the team achieve its long-term aims.
Rating agencies on Wednesday warned against more exposure to debt-ridden Kingfisher Airlines, saying more debt may hit banks' credit profiles and add to the burden of provisions.
'After a long time, we have a governor who is approachable. The RBI's interactions with us are now much better.'
Budget clearly prioritised growth over fiscal consolidation, said Atsi Sheth, Senior VP, Moody's Investors Service.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
The advice your mother gave you about choosing your friends wisely got a whole new meaning with lenders looking at your social media posts
Ratings agency Moody's on Tuesday affirmed India's sovereign rating and upgraded the country's outlook to 'stable' from 'negative', citing receding downside risks to the economy and financial system.
Sluggish rural demand along with higher inflation is set to mute revenue growth of the fast-moving consumer goods (FMCG) sector at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the previous fiscal, a report said. Almost 40 per cent of the Rs 4.7-lakh-crore sector come from the hinterland markets, which have been hit by high inflation, low wages and high job losses since the Covid pandemic. Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Indian magnate Vijay Mallya refuses to let the global credit crunch cramp his style, even if other high rollers may be keeping a lower profile at this weekend's Monaco Grand Prix.
Instant approval, no due diligence, conversion to easy-to-pay EMIs, nominal processing fees are some of the reasons why credit card loans are better
Due to default in payment, the securities of FICL and NDIL will be valued at zero basis AMFI standard hair cut matrix, and interest accrued and due will be fully provided.
Rating agency Standard & Poor's on Friday revised upwards the long-term corporate credit ratings of software majors TCS, Infosys and Wipro to 'A' from 'BBB+.'
China and India are the two awakening giants in the Asia-Pacific region with their strong growth potential. Their low insurance-penetration rates and expanding economies also support the two countries' insurance industry credit profiles. Interest from international players has increased enormously with the countries' transition from a closed system with state-owned monopolies to a more open system with private and foreign-owned entities over the past two decades.
CIBIL provides credit information about individual customer and business entities that helps banks in taking decision on sanctioning credit to any customer.
Companies don't have to be in the field to nudge people to return money they owe lenders.
The current episode highlights the structural vulnerabilities in the liquidity management practices of Indian NBFIs
'Success is in the hands of the audience. I learn from what they like or dislike, and take the next step further.'
You require a credit score to get fresh debt and you must have existing debt to get a credit score... Confused? Well, here's how they are related.
'Why should we disclose classified information to satisfy those who doubt our Hydrogen Bomb capability?'
Instead of being guided only by returns, investors should also factor in the risks of lending on these platforms.
The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
Analysts assert that Vedanta Group's plan to demerge India-listed Vedanta Limited into six listed entities will not resolve the debt problem of its promoter entity, Vedanta Resources (VRL). They suggest that additional asset sales or stake sales by promoters will be necessary to repay the debt. Vedanta is already considering the divestment of its iron-steel division and its copper plant.
Sajana stamped her mark in her WPL debut itself, smoking off-spinner Alice Capsey for that match-winning six over long-on.
Wedding.con is a watchable show, if only to caution people about the latest scams, notes Deepa Gahlot.
