The move will to a large extent speed up the monetary transmission process--which is banks passing on the rate cuts that the Reserve Bank announces to their borrowers without much delays--something that has been missing all these while and something that the RBI has been unhappy with.
Keep a close eye on credit quality, financials of NBFCs before investing. These instruments should not constitute more than 15 to 20 per cent of your debt portfolio.
While passing the scrutiny of courts is a tough challenge, with eight proposed amendments to the insolvency law, the government has sought to turn the focus back on at least some of the functions of the bankruptcy law.
Central bank moves to infuse liquidity into bond market to help boost sentiment.
Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
Poor rain threatens recovery in production this season, sugar prices at three-month high
The NPA of the public sector banks rose to 6.03% as of June 2015.
Retail inflation inches up to 3.77%; IIP growth dips to 3-month low
Large pharmaceutical firms feel that if the quality parameters and assurance levels are brought up to the level of branded generics, then Jan Aushadhi medicines would find it difficult to retain their affordability.
The time-bound nature of the bankruptcy code, envisaging resolution within 180 to 270 days, would put enormous pressure on the existing judicial infrastructure.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
Infrastructure, stricter implementation boost commercial vehicle sales
Despite the 6-month high, trade deficit has widened to a four-month high of $14.62 billion, as imports rose by 14.85 per cent during the month, reports Subhayan Chakraborty.
The GDP has been estimated at Rs 126.54 lakh-crore (Rs 126.54 trillion).
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
There are chances of taps running dry and prices of fruits and vegetables spiking.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
The RBI has targeted consumer price inflation at 6 per cent by January and 4 per cent by March 2018.
A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.
Instead of a rate hike, or even a pause, there could be a window for the RBI for an interest rate cut
RBI, govt steps to help banks end NPA woes by Mar'17: Rajan
Issues like high insurance cost and the announced price hike effective January could also weigh on sales in 2019. The only bright spot is the softening seen in fuel prices over the past month.
India's crony capitalists will have had their day in the sun.
Imports rise at highest pace in more than 2 years as crude oil price spikes.
Once Bhushan Steel is into its fold, Tata Steel will increase its capacity from 12.7 million tonnes per annum (mtpa) to 18.3 mtpa
Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
RBI will make a presentation on January 24 before the panel on the state of NPAs and stressed loans.
Hardening prices of manufactured items during the month may refrain the Reserve Bank of India from cutting rates in its policy review on February 8.
The thrust will be on improving connectivity in economic corridors and remote and border areas with a view to hike trade and enable faster movement of cargo.
The move will have cascading effects for lot of related sectors
Private lenders have also been expanding their branch and automate teller machine networks aggressively.
The deficit for the first five months of the year stood at 96 per cent of the full-year target of Rs 5.46 lakh crore despite cut in capital expenditure in August.
India's economic growth accelerates to 7.4% in Sept quarter
Punjab National Bank has the largest share.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
About Rs 2,000 crore of realty money has flown into stocks in the National Capital Region in the months after demonetisation.
Experts said the higher pay out will boost consumption demand.
The limit of indebtedness comes down to Rs 15,000 crore from 2018-19, and then Rs 10,000 crore from April 2019 onwards
