The main reason was that CPI inflation would likely remain below 4 per cent till July.
'We do not know when we will get to the business-as-usual mode.' 'Many borrowers may not be able to pay up.' 'The incidence of cheque bouncing has doubled or even trebled, some lenders say,' says Tamal Bandyopadhyay.
Banks have collected about 1,500 kg of gold from temples and trusts under the Gold Monetisation Scheme (GMS) since its launch last November.
'This is the first time we will see how SIP investors react to market correction.'
For Duflo and Banerjee, an important part of their work has been ensuring that the agency of the "beneficiaries" -- usually, in developing countries like India, poorer individuals -- is put at the centre of any policy design. This is a crucial way in which experimental results are often better than large scale data-based inference, says Mihir S Sharma.
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
Just contribute to one of the seven charities chosen by them.
The microfinance vertical of the bank will provide loans of Rs 80,000 to Rs 1,00,000.
'In a gang, the person who controls the finances is the most important key person.' 'Cut the finances of a gang and it will vanish.'
The BJP MP said the guidelines for grant of licences were 'brazenly flouted'.
he feels they are prone to misuse by borrowers, including farmers, and suggested a rate ceiling for loans by micro finance lenders.
The new PM would be more than unwise to attempt steering away from India into an all-encompassing Chinese embrace that would ultimately swamp Bhutanese identity, says Brigadier S K Chatterji (retd).
Draft guidelines for Small Banks and Payments Banks were issued by the RBI in July and comments were invited till August 28.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
Bringing in the untapped informal sector into the formal one will benefit business.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
In an email interview with Ranju Sarkar, International Finance Corporation's South Asia director Mengistu Alemayehu explains why the firm is bullish on building affordable homes in India.
Moody's said implementation challenges, in addition to affecting growth and government revenues, will impact corporates by lowering sales volumes and cash flows.
Race for Asia's No. 1 MFI spot: Bandhan now closes in on Grameen Bank
From 17 pre-school centres to 285 in less than five years - Hippocampus has brought the joy of learning to kids.
Prime Minister Narendra Modi on Friday lashed out at previous governments, saying they seemed to hate development and "looted" public money to win elections.
Bandhan financial Services will raise funds via internal accruals.
The Nobel laureate filed an application before the High Court.
These banks need to build a significant deposit base to start full-fledged banking.
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
'India is the largest stomping ground in the world for impact investing as we have an extraordinary combination of entrepreneurial drive with huge, absolute demand for all kinds of social services,' IDFC First Bank's chief Rajiv Lall tells Anjuli Bhargava.
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
New players show up after 3 years; northern states take lead in loan growth.
In the last of a six-part series Sanjay Jog discovers that if the government and beedi employers don't act now, there could be social unrest soon.
The wheels turn for bicycles, as manufacturers go back to the basics. After motorised two-wheelers overtook cycle sales in the country, manufacturers are focusing on commuter segment again and reviving entry-level cycles.
Vodafone's Kisan Mitra will provide a spectrum of services for India's small farmers, simple mobile service interventions that can increase a farmer's income by Rs 8,000 per year.
Farmers have suffered a lot on account of natural calamities.
Central Bureau of Investigation on Wednesday registered a record number of 46 cases in a day in connection with its probe in the Rs 10,000-crore Saradha chit fund scam naming Trinamool Congress' sitting Rajya Sabha MP Kunal Ghosh as one of the accused.
Small and medium enterprises have been struggling to raise bank credit even as they have been powering India's manufacturing growth in recent years.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Even today, many MFIs already distribute pension and micro insurance products to low-income households.
Market breadth is positive with 942 advances and 196 declines.
'The IPO window has been more or less open since the new government in 2014.'
South leads; North-East at bottom but moves ahead, finds out the IndiaSpend Team
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