'The financial sector's performance in the first two quarters was a revelation.' 'It clearly showed the clean-up had been done in the past one-and-a-half years and that capital brought in was significantly stronger.'
Stating that COVID-19 has not yet been contained in India, the rating agency in a statement said the government stimulus package is low relative to countries with similar economic impacts from the pandemic. "The COVID-19 outbreak in India and two months of lockdown -- longer in some areas -- have led to a sudden stop in the economy. That means growth will contract sharply this fiscal year (April 2020 to March 2021)," it said. "Economic activity will face ongoing disruption over the next year as the country transitions to a post-COVID-19 world."
A proud Virat Kohli rated his team's bowling performance in the fourth Test among the top-three during his captaincy stint, extolling his players' strong character as India scored a superb 157-run victory over England after conceding a huge 99-run lead.
In a drastic measure to stem any major disruption to the US economy as a result of the coronavirus outbreak, the Federal Reserve has cut its benchmark interest rate to almost zero and said it would buy USD700 billion in bonds. The covid-19 pandemic has sickened more than 156,000 people worldwide and left more than 5,800 dead. The death toll in the US stands at 68, while infections neared 3,700.
The finance minister asked lenders to identify eligible borrowers and reach out to them and urged for quick implementation of a sustained resolution plan for the revival of every viable business.
The agency noted that the reviews of these banks' sub-debt ratings were not indication of any change in the affected banks' fundamental credit quality.
'The effect will be seen two-three quarters down the line.'
While the ratio determines the extent to which the government is able to finance its expenditure, it is also an indicator of tax compliance. Developed countries have a higher contribution of tax to their GDP.
Banks make use of credit scores based on your credit history and repayment record.
Among the bank groups, under the baseline scenario, public sector banks' gross NPA ratios may increase to 13.2 per cent by September 2020 from 12.7 per cent in September 2019.
'As valuations of large-caps appeared to be out of whack, investors started lapping up quality mid-caps and small-caps, which were available at relatively comfortable valuations.'
If your are hassled with too many EMIs, bring them all under one umbrella and pay a single amount
Mumbai Indians skipper Rohit Sharma was all praise for his side after the eight-wicket victory over Kolkata Knight Riders in the Indian Premier League match, in Abu Dhabi, on Friday.
'I didn't get enough time to spend with Dharamji since our marriage. But that's okay. 'Whatever time we have together is precious and I make it a point not to crib.'
Answers to six commonly asked questions about CIBIL score that will help clear your confusions
Credit Appraisal is the process followed by banks to determine the borrower's ability to repay his loan as well as his trust worthiness.
11 sectors to have credit exposure to environmental risks in next five years.
'The India-Pakistan relationship is in a deep freeze, though it could be a lot worse had there not been a new LoC ceasefire a year ago.' 'The India-Pakistan relationship will only start to thaw if the Pakistani military decides it's prepared to push for detente.'
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
In the first of a four-part series, Nitin Sethi looks at the various aspects of NGOs and their functioning
If the BJP comes to power, sources say it may change the financial year (April-March) to the calendar year (January-December).
This is part of a strategy to mop up as much revenue as possible in the current financial year.
Poor fielding and lack of judgement while going for the Decision Review System cost India the first T20 International against Bangladesh, stand-in skipper Rohit Sharma said.
If not, an assessee might be charged interest for not paying TDS on time.
According to Fitch, the scheme could open a window for banks to build capital buffers while putting off full recognition of COVID-19 pandemic's impact on loan portfolios, but is reminiscent of a strategy adopted over 2010-2016 that delayed and exacerbated problems for banks.
The RBI has lowered interest rates by 1.25 per cent since January.
'If the Russian forces do capture Kyiv and set up some sort of provisional government, they might run into an insurgency, for which the geography is just right, it could prove costly for them.' 'In that event, the whole exercise could turn out to be counter-productive -- and costly in both foreign policy and domestic terms.'
BJP is hiding behind a GDP number which is being challenged. People are not dazzled by it, but are asking 'where are the jobs?'
A dream home can be closer to reality if you live a financially disciplined life. All that it takes is to make smart moves at the right time in your life and career.
Ahead of the series-decider against West Indies, Rohit Sharma doesn't want to lose his sleep over World T20s
From early graduation to flexible grading, Gunjan Sharma reports on how the IITs will help their graduating students.
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
A healthy CIBIL Report and a high CIBIL TransUnion Score indicates that you are managing your loans and credit relationships well and are financially savvy
Fitch Ratings director Thomas Rookmaaker said India's debt-to-GDP ratio is likely to rise to 76 per cent from 70 per cent currently due to wider fiscal deficit and low economic growth.
The provision provided for tax at a concessional rate.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
There is clearly something deeply rotten in the systems of institutional governance in the bastions of higher education in India, says TCA Anant.
After showing a consistent rise in the previous 4 quarters, gross NPAs of 40 listed bank declined to Rs 10.03 trillion at the end of June 2018, from Rs 10.25 trillion in the previous quarter.
