Banks Asked To Link Floating Rate Loans With External Benchmark Rates
The central bank has allowed the banks to choose one of the several benchmarks such as the RBI’s policy repo rate.
NBFC credit falls to Rs 1.79 lakh crore at the end of June versus Rs 2.49 lakh crore of March
Government’s Dependence On RBI Payout Leaves Budget Funding At Risk
Slower economic growth has made it harder for the government to improve tax collections and the boost from the central bank and assets sale program are unlikely to be repeated.
Mukesh Ambanis Reliance JioFiber Broadband Service Comes With Free TVs
Country’s video-on-demand market could grow to $5 billion by 2023 from $500 million last year, according to researcher Boston Consulting Group.
PNB Shares Rise Over 3% After Moody’s Upgrade
On August 30, Finance Minister Nirmala Sitharaman announced that PNB will be merged with Oriental Bank of Commerce (OBC) United Bank.
India’s BPCL Buys American Oil Headed To China, Diverted After Tariffs
Beijing announced it would impose the 5 per cent levies — the first ever Chinese tariffs on US oil — on August 23 and they took effect September 1.
Foreign Investment Inflows To Remain Under Pressure: India Ratings
Ind-Ra believes the shift in global monetary policy conditions to a relatively “accommodative” stance is unlikely to revive capital flows into India.
Infrastructure Spending To Increase To Help Auto Industry: Nitin Gadkari
Nitin Gadkari said new construction projects would generate a demand for automobile construction equipment such as trucks.
NCLT approves JSW Steel’s Rs 19,700 crore bid for Bhushan Power Steel