West Bengal  /  Published 12.08.20

Covid: loan riders cloud fight

Chief minister Mamata Banerjee on Tuesday urged Prime Minister Narendra Modi to withdraw for a year the conditions for raising the borrowing limit to 5 per cent of a state’s GDP to ensure that B...
By Pranesh Sarkar in Calcutta

Business  /  Published 12.08.20

Fitch: Worry over debt recast

The Reserve Bank of India’s (RBI) decision on the one-time restructuring of stressed advances may delay bad loan recognition, Fitch Ratings said on Monday. Last week, the RBI had allowed banks ...
By Our Special Correspondent in Mumbai

Business  /  Published 07.08.20

RBI set to offer loan resolution mechanism

The Reserve Bank of India on Thursday decided to keep interest rates unchanged, forecast negative real GDP growth for the year and braced for elevated inflation in the second quarter. The RBI signall...
By Our Special Correspondent in Mumbai

India  /  Published 04.08.20

Lockdown: Hoteliers in Odisha send SOS to RBI

The hoteliers of Odisha have sought the urgent intervention of RBI governor Shaktikanta Das after being hit hard by the Covid-19 pandemic and are unable to pay the EMI on their loans. Chairman Hotel ...
By Subhashish Mohanty in Bhubaneswar

Business  /  Published 03.08.20

Bengal takes loan for discom

Bengal has taken a Rs 1,022-crore transition loan from the Centre to help its power distribution company tide iteself over liquidity stress amid the Covid-19 pandemic. The loan is part of the central...
By PTI in Calcutta


Business  /  Published 02.08.20

Credit: guarantee for doctors

Professionals, including doctors, chartered accountants and lawyers, who have taken a loan for their business needs will now be eligible for credit under the special credit guarantee scheme for MSMEs,...
By Our Special Correspondent in New Delhi

Business  /  Published 01.08.20

Debt recast plan very much on Centre's agenda

The government and the RBI are exploring the possibility of restructuring loans amid fears of defaults once the moratorium ends this month, finance minister Nirmal Sitharaman said at a Ficci meet on F...
By Our Special Correspondent in New Delhi

Business  /  Published 25.07.20

Gross NPA may touch 15 per cent by 2021

The domestic banking sector could be staring at a spike in their bad loans this fiscal as indicated by the stress tests of the RBI. The central bank on Friday projected  the gross non-performing ...
By Our Special Correspondent in Mumbai

Business  /  Published 20.07.20

Bandhan Bank bets on surge in small loans

Bandhan Bank could see a 15-20 per cent growth in advances in this fiscal backed by an uptick in small-ticket microcredit and MSME loan demand, particularly in the rural sector. This is in contrast to...
By Pinak Ghosh in Calcutta

Business  /  Published 14.07.20

Yes Bank proposes 'bad bank'

Yes Bank is looking to hive off its non-performing assets (NPAs) into a separate subsidiary or a “bad bank”, which will be jointly run with the support of investors who are experts in the ...
By Our Special Correspondent in Mumbai


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