Tag: RBI

RBI Reveals Top List of 30 Major Wilful Defaulters; which owes to banks over ₹50,000 Crore

RBI, Reserve Bak of India, Wilful Defaulter, List of Wilful Defaulters, Mehul Choksi, Nirav Modi, Vijay Mallya, Indian Banking, Indian Banking system

The RBI has revealed a list of 30 major willful defaulters that together owe banks over ₹50,000 crore. Fugitive diamantaire Mehul Choksi’s three firms, including Gitanjali Gems (₹5,000 crore), figure in the list, besides Vijay Mallya’s Kingfisher Airlines (₹2,500 crore). Other names include Ruchi Soya, Rotomac Global and ABG Shipyard, all of which have been […]

MODI JUMLA: Pradhan Mantri Mudra Loans Scheme raises Red Flags for Next Banking Crisis in India; After Rising NPAs, Failure To Generate Jobs and Employment

Raghuram Rajan, Mudra Scheme, Loans, NPA, Bad Loans, RBI, RBI Governor, Pradhan Mantri Mudra Yojana, Kisan Credit Card, MSME, MSME Loans, SIDBI, Rajan, Bad Loan, Public Sector Banks, Lok Sabha Committee On Estimates, NPAs, Non Performing Assets, Banking Crisis in India, NBFC crisis in India, Indian Financial Crisis, Unemployment in India, Job Crisis in India, Indian economy slowdown, startup funding, small business funding, medium business enterprises funding, Self help Groups, Micro finance Funding, Micro Finance Institutions, Micro Lending, RBI raises Red Flags on Mudra loans Scheme, Indian soveriegn bonds, Bond Crisis in India, Bond Bubble in india, Economy Bubble, RBI governor, Reserve Bank of India Crisis, PMmudra, PMmudra scheme, Loans scheme in India, Capital expansion funding, Business Funding in India, Modi Jumla, Jumla Divas, Jumla ki Sarkar

The Pradhan Mantri Mudra Yojana – the government’s flagship lending scheme – has failed to give a big fillip to self-employment, an official survey accessed by Business Standard shows. Between April 2015 and 2018, the scheme enabled creation of 11.2 million jobs, of which 5.1 million were new entrepreneurs – much below the government’s estimates. […]

NBFC Crisis: ₹20,000 Crore Secret Black Hole spotted in DHFL Books

DHFL, PMC Bank, Scams, Frauds, securitisation, HDIL, KPMG India, Debt Recovery Tribunal, Dewan Housing Finance Limited, Iqbal Mirchi, Praful Patel, Money Laundering, Lenders, Resolution Plan, 52 week highs, 52 week lows, bond market, bonds, BSE, Corporate bond, dewan housing finance, IL&FS, Mahindra Group, Muthoot, NBFC stocks, NSE, rupee, share price, Shriram group, Stock Prices, 2019 lok sabha elections, bad loans, china corporate debt bubble, Fed, GNPA ratio, IDBI, indian banks, Lic, NPA mess, RBI, SEBI, United States Bond Market Bubble

Dewan Housing Finance (DHFL) diverted ₹20,000 crore to its promoters’ private entities, Moneylife reports, citing the findings of a forensic audit conducted by KPMG. Banks may push for a change in DHFL’s management if the new details are proven true, Livemint reports. The findings could also endanger the company’s proposed debt restructuring plan. In January, […]

World Bank Says India to Face Severe Economic Slowdown cuts; GDP Growth Forecast to 6%

Economy, Growth, Slowdown, Recession, Unemployment, Vicious Cycle, GDP Estimate, GDP Presumption, GDP, GDP Growth, Fiscal Deficit, India, Asset Bubble, Banking, banking industry, banking risk, commercial mortgages, Crisis in India, FINANCE, Finance Ministry of India, growth, IL&FS, IMF, India, India Fiscal Deficit, Indian Banking Crisis, Indian Banking Industry, Indian Debt, Indian economy, Indian Financial Crisis, Indian Financial Industry, Indian Financial System, Indian GDP, Indian Government, micro finance, Modi government, Narendra Modi, NBFC, NBFC crisis, Nirmala Sitharaman, RBI, Reserve Bank of India, Rural Slowdown, shadow finance, stock market, Systemic Risk, World Bank

The World Bank has slashed India’s GDP growth forecast for the current fiscal to 6% from 7.5%. India’s economic slowdown is “severe,” largely due to external and cyclical factors, including a decline in consumption, the Washington-based institution said. Moreover, the financial sector is becoming a “drag” on growth. Earlier, the RBI and rating agency Moody’s […]

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