Tag: RBI
This Largest Commercial Bank & Largest Telecom Operator in India have Trumped Entire American Citizens of 2020; Has more Customers than United States Population
This Mumbai Based MicroFinance Company Turned into Small Finance Bank is Creating Lot of Buzz in IPO Grey Market; May apply for Universal Banking License
This Indian Multinational Telecommunications Services Company is Converting India’s First Payments Bank to Small Finance Bank; Eyeing Deeper Rural Pockets of India
People’s Bank of China Invests in India’s Largest Private Sector Bank via ₹15,000 Crore QIP Issue, Amid ‘Boycott China’ Movement
This Private Indian Bank will be the Biggest Beneficiary of Latest RBI move on Restructuring; as it has the Largest Proportion of Retail Loans in India
This Agrochemical Company in Agricultural Sector has a Strong Debt Free Balance Sheet is a High Quality Stock to own in Agriculture Space
Are Indian Private Sector Banks Worth Investing After Yes Bank’s Debacle?
RBI Reveals Top List of 30 Major Wilful Defaulters; which owes to banks over ₹50,000 Crore
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
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
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%
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 […]
