Investment and leasing activity are likely to remain muted over the next year due to slower decision-making by investors because of the pandemic, but the long-term outlook for the segment remains promising, Colliers International said in a report.
"The Government of India has discussed about its ambitious scheme of strengthening the health infrastructure. It entails building health infrastructure in every district including upgrading of testing facilities with the Indian Council of Medical Research (ICMR)," AIIB Vice President D J Pandian told in an interview.
While the GIFT City IFSC has a head start over CIFC, Sri Lanka can quickly ramp up construction with Chinese help. It has set an eight-year target. If their strategic partnership also nudges some big Chinese firms to set up shop in the CIFC, the race would be on. After all, cash rich Chinese firms have been investing heavily in assets across Asia.
For the retail borrowers in banks, the share of moratorium loans came down to 45% in the phase 2 of moratorium against 60% phase 1. For corporate borrowers moratorium levels declined to 17.5% against 25%, the research shows.
The audit, which took place over four months to February 2019, highlighted a lack of encryption of personal data at the National Payments Corporation of India (NPCI) which forms the backbone of the country's digital payments system and operates the RuPay card network championed by Prime Minister Narendra Modi.
Companies providing intermediary payments, banking and insurance services to rural customers have seen a sharp recovery in June and July, from the initial shock of the nationwide lockdown that brought supply chains and merchant commerce across the country to a standstill.
As the country opens up gradually from the severe lockdown of April and May, there is a view that the financial sector and the industry also should accept the new normal and look for solutions within the current environment and not return to imprudent practices of the past, the people said, asking not to be identified.
The committee approved the issuance of private placement of rated, redeemable non-convertible debentures for an amount of Rs 150 crore with an option to retain over subscription up to Rs 350 crore aggregating to Rs 500 crore, it added.