Earlier this month, Maharashtra government announced that there would be no difference in the MRP of food products sold outside and inside multiplexes in the state and viewers will be free to carry their own eatables inside the multiplex.
Growth in unsecured loans is on account of a surge in discretionary spending, increased availability of customer data, faster disbursements driven by technology, and lower interest rates in some segments.
“Accounting for the MTM losses over four quarters would mean nearly Rs 8,000 crore provisioning relief including write-backs for banks in the last quarter of fiscal 2018,” Crisil director Rama Patel said.
For HFCs, loans to self employed borrowers have increased to 30 per cent of their overall home loan portfolio.
On February 28, the Central Statistics Office (CSO) said that the India’s GDP grew at the fastest pace in five quarters at 7.2 per cent during October-December on the back of sharp pick-up in the services sector and a rebound in agriculture and manufacturing.
Reducing the corporate tax rate for companies with turnover of up to Rs 250 crore should be seen a progression towards the next step: Ashu Suyash.
The credit ratio stood at 1.59 times and the debt-weighted credit ratio at 1.94 times, indicating that the trend of recovery in credit quality has sustained for a year now.
Cautioning that more loans of highly leveraged corporates are likely to turn into non-performing assets over the next few quarters, rating firm Crisil on Thursday said that weak assets of public sector banks are set to balloon to Rs 7,10,000 crore — which is 11.3 per cent of the loan book — by March 2017. […]
Debt worth Rs 32,638 crore has been lowered. This includes Rs 14,199 crore of term loans, and Rs 6,860 crore of short-term and long-term loan facilities, among other instruments.
In past 18 months, CRISIL has either downgraded or revised its outlook to ‘Negative’ on nine out of the 25 PSBs that it rates
The construction of Delhi-Meerut Expressway would improve connectivity between small cities while increasing residential housing spots, say experts.
In cases where the project has been completed but the firm has high debt on its books, a lag in growth of toll revenue is putting pressure on their ability to service their debt.
As much as 90 % of this debt is owed by firms from either investment-linked or commodity sectors.
More needs to be done to reduce the delay in interest rate transmission in India.
Accordingly, the Centre is talking to state governments to ask them to take steps to improve the economic health of discoms, including giving them funds.