Revenue department detects 931 GST fraud cases through data analytics
Refunds of over Rs 28,000 crore are said to have been filed by over 27,000 taxpayers so far on account of inverted duty structure in the current financial year.
NBFCs set to face asset quality woes
However, a majority in the once buzzing NBFC sector will continue to reel under liquidity concerns with ...
Risk aversion ebbing, credit flow has begun but with high premium: Deepak Mittal, ECL finance
With risk aversion receding, we expect risk pre...
World Bank's ease of doing biz: DPIIT focusing on 6 parameters to push India's ranking
India has jumped 14 places to rank 63rd out of 190 countries in the World Bank's Doing Business 2020 report.
With new Maha offer, farm loan write-offs touch Rs 4.7 lakh cr in last 10 yrs
Even though agriculture NPA was only Rs 1.1 lakh crore or 12.4 per cent of the overall NPAs in FY19, if we accounted for Rs 3.14 lakh crore worth of farm loan waivers announced in the last decade, agri NPAs/burden for the exchequer/banks could be as much as staggering Rs 4.2 lakh crore and if the latest Rs 45,000-51,000 crore of write-offs announced by Maharashtra this could be at Rs 4.7 lakh crore.
Liquidity surges to Rs 4 lakh cr, due to redemption, sluggish credit
The reluctance of local banks to lend has led to flow of foreign funds into the market, with global investors chasing yield in a negative rate environment in developed markets. This has also aided non-banking finance companies develop a new avenue to raise money when the local market shut its doors on them.
Credit boost likely for rural women SHGs
According to an official, the community-based recovery mechanism under NRLM and sanctioning of loans post availability of detailed micro-credit plan had considerably brought down NPAs under the scheme, “instilling confidence that we can consider enhancing the collateral-free loan”.
How is the Credit Rating Calculated: Manish Moudgil explains
How is the Credit Rating Calculated, Manish Moudgil explains,He is Deputy Vice President, CRIF India. At the ET Wealth Investment Workshop h...
India extends USD 75 mn line of credit for solar parks in Cuba
Exim Bank has entered into an agreement dated July 16, 2019 with Banco Exterior De Cuba, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 75 million for the purpose of financing installation of 75 MW Photovoltaic Solar Parks in the Republic of Cuba.
Credit Suisse announces $1 billion 2020 share buyback programme
In 2019, Credit Suisse repurchased nearly 80 million shares
Credit growth slows to 7.1% in 2019 on consumption slowdown
Moderation was visible in 2016, which logged the lowest pace of credit expansion at 6 per cent.
5 things to know about virtual credit cards
A virtual card may be available to non-credit card holders too. In their case, the virtual credit card will be linked to the debit card or the account.
Signature Global to invest Rs 375 cr on new affordable housing project in Gurugram
Signature Global in a statement said that it has started construction work on a new project 'Signature Global Proxima I and II' comprising 1,410 units with a total investment of around Rs 375 crore.
Bank credit to industry slips 3.9% in 8 months
Bank credit to industry shrunk by 3.9%, or Rs 1.13 lakh crore, during the first eight months of the current financial year, according to data released by the RBI. Despite this, overall bank credit continues to be up 1% largely due to home loans and other personal loans.
Alphabet nears $1-trillion valuation on rising ad-growth optimism
Alphabet Inc. shares rose as much as 1.7 per cent
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service