A nervous economy: Why sops are proving to be a tough sell
5 years, 1 month ago

A nervous economy: Why sops are proving to be a tough sell

India Today  

Despite the various measures taken by the government to boost investment, corporates seem to be shying away from taking risks, with the economy hanging on a precarious balance. Government data released on November 11 showed that factory output, as indicated by the Index of Industrial Production, fell for the second consecutive month in September, by 4.3 per cent. Data from the Society of Indian Automobile Manufacturers reveals that total vehicle sales in October this year, at 2.17 million units, was 12.8 per cent lower than in the same month last year. "The manufacturing index in the IIP represents nearly 77.6 per cent of total industrial production," writes M. Govinda Rao, chief economic advisor at Brickwork Ratings, in a research note. Meanwhile, a study by the economic research department of the State Bank of India has estimated that GDP growth for the second quarter of this fiscal fell to 4.2 per cent-a significant drop compared to the 7.1 per cent growth in the second quarter of the previous fiscal.

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History of this topic

​Growth chill: On the economy
22 hours, 31 minutes ago

​Growth chill: On the economy

The Hindu  

The National Statistics Office has confirmed emerging fears about the economy’s evidently sluggish trajectory through this year in its first Gross Domestic Product estimates for 2024-25. While the election-focused first quarter hit public capital spending, the second quarter was marred by weak demand and still underwhelming public capex, dragging GDP growth to a seven-quarter low of 5.4%. The NSO’s projection …

MFI portfolio declines, bad assets spike in Sept qtr: Report
1 day, 7 hours ago

MFI portfolio declines, bad assets spike in Sept qtr: Report

Live Mint  

Mumbai, Jan 8 Microlending outstandings in the system reduced 4.3 per cent to ₹4.14 lakh crore in the September quarter as lenders adopted a cautious stance amid deteriorating asset quality, a report said on Wednesday. Loans unpaid for 1-30 days increased to 2.1 per cent from the 1.2 per cent in June, while the ones unpaid for 31-180 days witnessed …

RBI expresses optimism about Indian economy, gross NPA at 12-year low, GDP to grow at 6.6 per cent
1 week, 3 days ago

RBI expresses optimism about Indian economy, gross NPA at 12-year low, GDP to grow at 6.6 per cent

India TV News  

The Reserve Bank of India on Monday said that the bank's asset quality improved further and their gross non-performing assets or bad loans ratio declined to a 12-year low of 2.6 per cent in September 2024. "Buoyed by falling slippages, higher write-offs and steady credit demand, the gross nonperforming assets ratio of 37 scheduled commercial banks fell to a multi-year …

Stock Market Outlook: Banks, IT, FMCG, among six most promising sectors for investment in 2025, says StoxBox
3 weeks, 2 days ago

Stock Market Outlook: Banks, IT, FMCG, among six most promising sectors for investment in 2025, says StoxBox

Live Mint  

The Indian stock market crashed on Tuesday, with the benchmark indices Sensex and Nifty 50, falling over a percent each, dragged by heavy selling in banks, IT, metals, auto and FMCG sectors. Here are the most promising sectors for investors in 2025, according to StoxBox: Banking The banking sector, despite facing challenges in 2024, is shifting its focus to asset …

Corporate profit record high, salaries stagnant: Ficci report says mismatch impeding India’s GDP growth
4 weeks ago

Corporate profit record high, salaries stagnant: Ficci report says mismatch impeding India’s GDP growth

Firstpost  

A recent survey by Ficci and Quess Corp Ltd has reported the private sector profit at a 15-year high but found the growth in salaries has been meagre or negative. The report talks about a record high profit by the private sector, with stagnation in salaries of the workers — one of the reasons for sluggish private consumption, a key …

Banking reforms need to get a lot more ambitious for the economy’s sake
1 month ago

Banking reforms need to get a lot more ambitious for the economy’s sake

Live Mint  

The 19 amendments to banking laws that were passed by the Lok Sabha on Tuesday remove various niggles in extant provisions, straighten out some others and make life easier for bank customers, especially a tweak that allows four nominees per account. While more than 90% of India’s nearly 60 million MSMEs are micro sized and best served by specialized non-bank …

Banking revival in 2025: Why strong liability franchises stand to gain
1 month ago

Banking revival in 2025: Why strong liability franchises stand to gain

Live Mint  

Indian bank stocks are waiting for their moment in the sun. Read this | Private lenders see stress in credit cards, personal loans in Q2 Elevated deposit costs and sluggish base growth weighed heavily on net interest margins for both public and private banks. Public vs private banks Credit costs for private banks increased by 10 basis points sequentially, with …

India’s GDP growth shocker: Bad news can be good too
1 month ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks
1 month, 3 weeks ago

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks

The Quint  

Given that India’s economic growth relies heavily on domestic consumption, any slowdown in lending could ripple through the broader economy, impacting sectors dependent on consumer spending. Moreover, as banks shift their focus from retail to secured loans to mitigate risks, small and medium enterprises could face reduced access to capital, hindering job creation and slowing down economic expansion. In October, …

S&P Foresees Steady 6.5-7 Percent Growth for India Until 2027
1 month, 3 weeks ago

S&P Foresees Steady 6.5-7 Percent Growth for India Until 2027

Deccan Chronicle  

New Delhi: S&P Global Ratings on Thursday projected the Indian economy to grow between 6.5-7 per cent annually in the three fiscal years till March 2027 as infrastructure spending and private consumption drive growth momentum. “Good economic growth prospects will continue to support banks' asset quality, while healthy corporate balance sheets, tighter underwriting standards and improved risk management practices will …

Economic Survey 2023-24: Displaying stellar show banking, financial sectors must brace for likely vulnerabilities
5 months, 2 weeks ago

Economic Survey 2023-24: Displaying stellar show banking, financial sectors must brace for likely vulnerabilities

The Hindu  

With India’s banking and financial sectors displaying a stellar performance in FY24 and as India’s financial sector undergoes critical transformation, it must brace for likely vulnerabilities originating globally or locally, the Economic Survey 2023-24 has cautioned. Economic Survey 2023-24 LIVE updates In FY24 bank credit witnessed double digit and broad-based growth and asset quality improved dramatically with gross and net …

RBI Reports Home Loan Outstanding Growth Of Rs 3.4 Lakh Crore Over 12 Months
6 months, 1 week ago

RBI Reports Home Loan Outstanding Growth Of Rs 3.4 Lakh Crore Over 12 Months

ABP News  

Housing loan outstanding expanded faster in May 2024 than in the previous year, while growth in the personal loan segment slowed compared to the previous year. According to Reserve Bank of India data, credit growth for housing loans, the most significant component of personal loans, accelerated by 16.9 per cent to reach Rs 23.49 lakh crore, up from Rs 20.09 …

Indian banks well placed to ride on economic growth: Moody’s
6 months, 4 weeks ago

Indian banks well placed to ride on economic growth: Moody’s

The Hindu  

Indian banks and non-bank finance firms are well placed to seize opportunities from India’s strong economic prospects through lending growth in sectors like infrastructure, energy transition, manufacturing, small businesses and retail, Moody’s Ratings said on Wednesday. Moody’s said credit quality of India’s financial system has strengthened over the past 3-4 years due to record-high profitability, low delinquencies and stable domestic …

Banks should improve corporate loans, keep deposit base healthy
7 months, 2 weeks ago

Banks should improve corporate loans, keep deposit base healthy

New Indian Express  

For the first time ever, the cumulative net profits of Indian banks surpassed Rs 3 lakh crore in 2023-24, up from Rs 2.3 lakh crore in 2022-23. While the 26 private lenders’ net profits shot up 42 percent to Rs 1.78 lakh crore, the 12 public sector banks reported net profits of Rs 1.41 lakh crore in 2023-24, a 34 …

Business News Highlights: GST Collections Soar To Record Rs 2.10 Lakh Crore In April
8 months, 1 week ago

Business News Highlights: GST Collections Soar To Record Rs 2.10 Lakh Crore In April

ABP News  

Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. Furthermore, according to data released by the Ministry of Commerce and Industry on Tuesday, India's eight core sectors recorded a growth rate of 5.2 per cent in March. Although this growth rate was slower than the 7.1 per cent recorded in February 2024, it surpassed the 4.2 per …

Fin Ministry Attributes India's Growth Amid Global Slowdown To Strong Investment And Demand
9 months, 2 weeks ago

Fin Ministry Attributes India's Growth Amid Global Slowdown To Strong Investment And Demand

ABP News  

Robust investment activity and strengthening private consumption demand is driving growth in the Indian economy amidst the sluggish global growth, according to the Finance Ministry’s monthly review released on Friday. The strong demand is evident from indicators like burgeoning air passenger traffic and sale of passenger vehicles, rising digital payments, improved consumer confidence and expectations of a normal monsoon, the …

Indian economy likely to grow at 6.2% next fiscal due to neutral policy settings, positive credit momentum
11 months, 4 weeks ago

Indian economy likely to grow at 6.2% next fiscal due to neutral policy settings, positive credit momentum

Firstpost  

The Indian economy is projected to expand by 6.2 per cent in the upcoming fiscal year, driven primarily by a favourable combination of neutral policy settings, positive credit momentum, and manageable macros despite 15-year high household debt levels, according to a report from a foreign brokerage on Tuesday. Despite the rising external headwinds, India is likely to grow 6.2 per …

’Indian equities to benefit from macro backdrop, Nifty EPS to grow 18% in FY24’
1 year, 4 months ago

’Indian equities to benefit from macro backdrop, Nifty EPS to grow 18% in FY24’

Live Mint  

India’s financial market assets including equities, private markets, bond yields, are expected to benefit structurally from a favourable macroeconomic backdrop over the next few years. According to a report by Standard Chartered, India’s corporate profit cycle remains the strongest since the 2004-08 cycle as the benchmark Nifty index EPS grew at an average 20 per cent between FY21 and FY23 …

Growth in India is expected to slow to 6.3% in FY2023: World Bank
1 year, 7 months ago

Growth in India is expected to slow to 6.3% in FY2023: World Bank

The Hindu  

Growth in India is expected to slow to 6.3 % in FY 2023/24, a 0.3 percentage point downward revision from January, the World Bank said Tuesday but noted there is an unexpected resilience in private consumption and investment and robust growth in the services. “Growth in India is expected to slow further to 6.3 % in FY 2023/24, a 0.3 …

Fitch pares India’s GDP growth forecast for this year to 6% from 6.2%
1 year, 8 months ago

Fitch pares India’s GDP growth forecast for this year to 6% from 6.2%

The Hindu  

Fitch Ratings has lowered its 2023-24 GDP growth forecast for India to 6% from 6.2%, citing headwinds from elevated inflation and interest rates along with subdued global demand, with the economy expected to rebound to 6.7% in 2024-25 as opposed to 6.9% projected earlier. While India will be one of the fastest-growing sovereigns rated by Fitch, bolstered by “resilient investment …

A fragile momentum: On the economy and India’s growth
1 year, 9 months ago

A fragile momentum: On the economy and India’s growth

The Hindu  

On the face of it, the 5.2% uptick in India’s Index of Industrial Production this January is a good new year tiding for a metric that had seen two months of contraction in the previous five months. Manufacturing rose 3.7%, which is slightly better than December’s 3.1% increase, but 10 of 23 tracked sub-sectors recorded contractions in output and five …

RBI lifts loan costs to tame inflation
1 year, 11 months ago

RBI lifts loan costs to tame inflation

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Wednesday raised the benchmark lending rate by 25 basis points to 6.5% as the RBI targets persistently high core or underlying inflation that it sees as a risk to the improving outlook for the economy. Observing that the rate increases since May were still working their way through the …

Keep an eye on these economic indicators in 2023
2 years ago

Keep an eye on these economic indicators in 2023

Live Mint  

Global headwinds, tightening monetary policy and the lingering effects of the pandemic have combined to create a gloomy global outlook. In its December bulletin, the Reserve Bank of India said that with balance of risks being tilted towards a darkening global outlook and emerging markets appearing more vulnerable, the Indian economy needs support from domestic growth drivers. Sectoral deployment of …

Indian Banks GNPAs Down To 5% In September 2022, Macroeconomic Conditions Can Impact Banks Health RBI Report
2 years ago

Indian Banks GNPAs Down To 5% In September 2022, Macroeconomic Conditions Can Impact Banks Health RBI Report

ABP News  

Gross Non-Performing Assets of Indian banks declined to 5 per cent in september but the present macroeconomic environment can impact lenders' health, said a new Reserve Bank of India report. The report said, “from its peak in 2017-18, the GNPA ratio of SCBs has been declining sequentially to reach 5 per cent at end-September 2022.” It said that the number …

Explained | Is the economy driving with the brakes on?
2 years ago

Explained | Is the economy driving with the brakes on?

The Hindu  

The story so far: At this time last December, India’s economy was on the cusp of a fledgling recovery from the COVID-19 pandemic, though the Omicron variant posed fresh speed bumps for the rebound. As JP Morgan managing director and India chief economist Sajjid Chinoy explained at a CII economic policy summit last week, 2022 was expected to see a …

Economy resilient, on course to acheive 7% growth in FY23: RBI article
2 years, 1 month ago

Economy resilient, on course to acheive 7% growth in FY23: RBI article

The Hindu  

With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient and on course for about 7% GDP growth in the current fiscal though India is still sensitive to global headwinds, according to an article released by the RBI on Friday. In the article, the authors - led by RBI Deputy Governor Michael Debabrata …

India’s GDP likely slowed to 6.5% in Q2
2 years, 1 month ago

India’s GDP likely slowed to 6.5% in Q2

Live Mint  

After double digit expansion in the first quarter, India’s economic growth will likely slow to 6.5% in the second quarter largely due to the high base and erosion of corporate profitability due to inflation, according to economists. In fact, the second half of FY23 will likely see a sharp deceleration in growth on account of the global economic environment, which …

Savers financed 10-yr high corporates profits
2 years, 6 months ago

Savers financed 10-yr high corporates profits

Live Mint  

Earnings of listed corporates touched 4% of gross domestic product in FY22. The last time net profits of listed corporates to the GDP ratio was anywhere as high was in FY12 at 4% of GDP. View Full Image Massive jump In absolute terms, net profits of listed corporates in FY22 stood at ₹9.5 trillion, against ₹5.6 trillion in FY21, a …

Bad loans: Why, this time, it’s different
2 years, 9 months ago

Bad loans: Why, this time, it’s different

Hindustan Times  

Non-performing assets or bad loans of banks have come down to their lowest levels, Reserve Bank of India governor Shaktikanta Das said at a Confederation of Indian Industry event on March 21. When seen in the context of gross NPA share falling to 6.9% of all loans, according to RBI’s Financial Stability Report released in December 2021 — the latest …

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's
3 years, 1 month ago

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's

Firstpost  

In a report, the rating agency said credit fundamentals are favourable for India’s companies on a sustained economic recovery and earnings of rated companies’ will rise on strong consumer demand and high commodity prices New Delhi: Moody’s Investors Service on Thursday said India’s rising vaccination rate, low interest rates and higher public spending drive the positive outlook for corporate sector. …

‘Demand takes big hit on second wave’
3 years, 7 months ago

‘Demand takes big hit on second wave’

The Hindu  

As the second wave of COVID-19 overwhelmed India and the world, the real economy indicators moderated through April-May 2021, senior officials of the Reserve Bank of India wrote in the RBI’s monthly bulletin. “The biggest toll of the second wave is in terms of a demand shock — loss of mobility, discretionary spending and employment, besides inventory accumulation” while the …

India's GDP growth turns positive, but experts caution against celebrating 0.4% growth
3 years, 10 months ago

India's GDP growth turns positive, but experts caution against celebrating 0.4% growth

India Today  

Though India’s economic health continues to slowly improve, a comprehensive recovery is yet to be seen. It had contracted by 23.9 per cent in April-June 2020 and by 7.5 per cent in July-September 2020; in the October-December 2020 period, it grew 0.4 per cent. The Finance Ministry’s Economic Survey 2020-21 projects that India’s real GDP growth in FY22 will be …

Market Wrap, Feb 1: Here's all that happened in the markets today
3 years, 11 months ago

Market Wrap, Feb 1: Here's all that happened in the markets today

Business Standard  

No tinkering with the direct taxes, capital gains taxes or security transaction tax, and no announcement of Covid tax on super-rich left bulls untamed at the bourses who managed to entirely reverse previous week's losses and clock the sharpest-ever Budget rally, in absolute terms, on Monday. Budget proposals nudged sectors like financials, insurance, and infrastructure with shares of financials including …

Economic Survey 2021: Under-Capitalisation of Banks Will Hamper Economic Growth in Long Run
3 years, 11 months ago

Economic Survey 2021: Under-Capitalisation of Banks Will Hamper Economic Growth in Long Run

News 18  

The Economic Survey 2021, released on January 29 ahead of the Union Budget 2021, has called for adequate capitalisation of public sector banks flagging fears of lenders resorting to risk-shifting, which will, in turn, impact the economy which has just begun its upward rise months after the crippling impact of the Covid-19 pandemic. Public sector banks account for 60 per …

Indian Economy Weak, Credit Growth Bottoming Out: Report
3 years, 11 months ago

Indian Economy Weak, Credit Growth Bottoming Out: Report

News 18  

American brokerage BofA Securities on Friday said the Indian economy continues to be weak, pointing to activity indicators tracked by it. On the credit growth front, it said the rise in banking system advances seems to have bottomed out and the system will close with a growth of 6.2 per cent in the financial year 2021. The credit growth for …

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?
4 years ago

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?

The Hindu  

The ratio of Gross Non-Performing Assets in Indian banks decreased in FY20 and FY21 despite the impact of COVID-19 and the economic downturn that preceded it. This was mostly due to three factors: 1) Banks wroteoff relatively more NPAs in FY20 to clean their balance sheets; 2) Some large NPA accounts got resolved through debt-recovery channels; and 3) It is …

Policy roll-back may dent banks’ health, says RBI
4 years ago

Policy roll-back may dent banks’ health, says RBI

The Hindu  

In 2020-21, as policy support is rolled back, the impact of the COVID-19 pandemic may dent the health of the banks and non-banks, the Reserve Bank of India said in its Report on Trend and Progress of Banking in India 2019-20. This is a statutory publication in compliance with Section 36 of the Banking Regulation Act, 1949 and this Report …

GDP contraction will significantly ease in Q2: Khara
4 years, 1 month ago

GDP contraction will significantly ease in Q2: Khara

Live Mint  

State Bank of India chairman Dinesh Kumar Khara on Thursday said India’s economic contraction is expected to ease significantly in the September quarter amid a revival in demand. Addressing the virtual Hindustan Times Leadership Summit, Khara said he expects India’s gross domestic product to contract 8-9% in the three months to September, narrowing from a 23.9% contraction in the June …

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P
4 years, 1 month ago

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P

The Hindu  

Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11% of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is “masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the proportion of …

Non-performing Loans in Indian Banking Sector to Rise in Next 12-18 Months: S&P
4 years, 1 month ago

Non-performing Loans in Indian Banking Sector to Rise in Next 12-18 Months: S&P

News 18  

Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11 per cent of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is ”masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the …

Indian economy witnessing strong recovery: Sitharaman
4 years, 1 month ago

Indian economy witnessing strong recovery: Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Thursday said the Indian economy is witnessing a strong recovery after a long and strict lockdown. Giving out details of recovery, she said composite purchasing managers index rose to 58.9% in October versus 54.6% in the previous month, registering strongest increase in output in close to nine years. Daily railway freight tonnage grew by an …

Clearing the fog on economic recovery
4 years, 1 month ago

Clearing the fog on economic recovery

Live Mint  

There seems to be some urgency to declare that “all is well” with the Indian economy. However, parameters like new investment projects announced and the amount of work demanded under the Mahatma Gandhi Rural Employment Guarantee Scheme tell us that the economy is on a weaker wicket despite widespread attempts to put a positive spin by showcasing month-on-month sequential improvement. …

Indian Economy Recovering Fast, All Parameters Show Improvement: DEA Secretary Tarun Bajaj
4 years, 2 months ago

Indian Economy Recovering Fast, All Parameters Show Improvement: DEA Secretary Tarun Bajaj

News 18  

Indian economy is recovering fast and will soon be back on rails as all the parameters have started showing improvement, Finance Secretary Tarun Bajaj said on Tuesday. Last month, the International Monetary Fund said the Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year. The power consumption in the …

India’s growth story has never seemed so endangered
4 years, 4 months ago

India’s growth story has never seemed so endangered

Live Mint  

We all knew it would be bad, but no one could have predicted just how bad. Supply and credit links, which had been largely cash-based in the informal sector, among others, remained broken even after high-denomination currency came back into circulation, and some small businesses and poorer households—we will likely never know how many—never recovered to their level of well-being …

Today's top business news: Shares rise on gains in auto stocks, McKinsey warns India risks decade of stagnation, US banks tighten lending standards, and more
4 years, 4 months ago

Today's top business news: Shares rise on gains in auto stocks, McKinsey warns India risks decade of stagnation, US banks tighten lending standards, and more

The Hindu  

The benchmark stock indices have lost opening gains to trade in the red. PTI reports: "Auto stocks were in demand on Wednesday, rising up to 7 per cent, after Finance Minister Nirmala Sitharaman said two-wheelers are neither a luxury nor sin goods and so merit a GST rate revision. PTI reports: "The country’s gross domestic product may have contracted by …

Indian economy to contract in FY21; lockdown compounds economic challenges, says Moody's
4 years, 7 months ago

Indian economy to contract in FY21; lockdown compounds economic challenges, says Moody's

Firstpost  

Moody’s Investors Service on Friday said India’s economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity New Delhi: Moody’s Investors Service on Friday said India’s economy is expected to contract for the first time in more than …

Market Ahead, March 2: Top factors that could guide markets this week
4 years, 10 months ago

Market Ahead, March 2: Top factors that could guide markets this week

Business Standard  

The Indian stock markets posted worst weekly fall in a decade last week, tracking a major sell-off in the global markets as investors grew more concerned about novel coronavirus' impact on the global economy. India’s economy expanded by 4.7 per cent in the quarter ended December 31, a marginal increase from 4.5 per cent in the previous quarter. The report …

Nirmala Sitharaman says ‘steadiness’ in economy is a good sign
4 years, 10 months ago

Nirmala Sitharaman says ‘steadiness’ in economy is a good sign

The Hindu  

Finance Minister Nirmala Sitharaman on Friday said the “steadiness” in the economy is a good sign, soon after the official data showed the December quarter GDP growth at 4.7%. On the impact of coronavirus on the economy, she said there is no need to immediately press the “panic button”, but admitted that it may get challenging if the issues prolong …

With Q3 GDP growth at 4.7%, Finance Minister Nirmala Sitharaman says ’steadiness’ in economy is a good sign
4 years, 10 months ago

With Q3 GDP growth at 4.7%, Finance Minister Nirmala Sitharaman says ’steadiness’ in economy is a good sign

Live Mint  

Finance Minister Nirmala Sitharaman on Friday said the "steadiness" in the economy is a good sign, soon after the official data showed the December quarter GDP growth at 4.7 per cent. India's economic growth slowed to 4.7 per cent in October-December 2019, according to official data released on Friday. Sitharaman said the government is "pushing the banks like never before" …

Drop in borrowing costs shows India NBFC crisis may ease
4 years, 11 months ago

Drop in borrowing costs shows India NBFC crisis may ease

Live Mint  

Borrowing costs for India’s top-rated shadow financiers declined last month, indicating that the nation’s prolonged credit crisis may be seeing some improvement. Premiums that investors seek to buy AAA rated five-year bonds of non-bank lenders over government notes with similar maturities narrowed to a 16-month low in January, helping a gauge measuring bond spreads to strengthen. Supporting these financiers is …

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