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Another green shoot? Slump in bank lending may soon bottom out

Bank loan may grow at about 6% this fiscal, while gross credit off take may rise 8-9% in FY21, Crisil said.

revival plan

Feb 26, 2020, 03.13 AM IST



Reliance Jio reduces validity of a popular plan

Reliance Jio has recently introduced two new plans priced at Rs 49 and Rs 69 which come with 14 days of validity and offer 2 GB and 7 GB data respectively. Jio has also tweaked its long term Rs 2020 plan which is now priced at Rs 2121 that has a validity of 336 days against 365 days of Rs 2020 plan.

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  • Last week, Jio had announcd a long term plan of Rs 2121. With validity of 336 days, this plan is the costliest one of Jio and offers 504 GB of data. It obviously offers unlimited calls to Jio numbers, complimentary access to Jio apps, unlimited SMS (100 per day), and 12000 minutes of calling to non-Jio numbers.

    Ever since the AMFI launched the Mutual Funds Sahi Hai campaign, many people have realised various benefits of investing in mutual funds. One of the key benefits is the availability of a systematic mode of investment with a monthly investment amount of as low as Rs 500.

    Only 4 out of 27 actively-managed large-cap funds have beaten their benchmark indices in last four years.

    The house listing phase of the Census and updating of NPR will be rolled out simultaneously by mid-April in the BJP-ruled state. About 150,000 enumerators will handle the massive exercise.

    Lakdawala, 50, who was on the run for two decades and was once a close aide of Dawood Ibrahim, made this revelation during interrogation by the Mumbai Crime Branch following his arrest last month in connection with cases of extortion and attempt to murder against him.

    As per the agreement terms, L&T Realty and DB Realty will share space developed in 60:40 ratio. DB Realty, as the landlord, will be responsible for land related approvals and bear the cost to be incurred for fungible floor space index (FSI) and transferable development rights (TDR), while L&T Realty will construct, execute, brand and market the project.

    In an interview, Shashi Tharoor also said that it was up to Rahul Gandhi to take a call if he wishes to return as Congress chief, but if he does not change his earlier stance then the party needs to find an "active and full-time leadership" so that the party can move forward as the nation expects.

    An SBI bank account will be opened with Re 1 donated by the Centre to the trust and fixed deposits worth Rs 11 crore from donations made to the temple so far will be transferred to this, Rai told ET. SBI offered to open a new branch in the temple complex at a meeting with Rai and other trustees who also surveyed the entire 67.7-acre plot.

    The city appears more empty than normal for an unusually warm winter day.

    The Essar Group has indicated that it is "poised to embark on a new phase of growth while driving growth in its existing portfolio." Essar did not specify what the new growth areas could be, but said it is "armed with a substantially lighter balance sheet" after it took "a conscious call of reducing its debt in response to evolving domestic and evolving economic scenario."

    A senior government official told ET that a policy is being finalised to address the lacunae under existing textile-related schemes and come up with parameters that will help identify states through the challenge method to set up textile parks with all forward and backward linkages available in the same place to make India cost competitive.

    The bank holds 64.40 per cent in the unlisted housing finance company, while the remaining stake is held by Housing & Urban Development Corporation (HUDCO), Unit Trust of India (UTI) and National Housing Bank (NHB). The bank is facing operational curbs under the Reserve Bank's (RBI) prompt corrective action (PCA) framework.

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