Search For "credit"
RBI issues revised PSL guidelines to increase credit penetration
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Sep 4 (ANI): The Reserve Bank of India (RBI) on Friday issued revised guidelines for priority sector lending to enable better credit penetration to credit deficient areas and increase lending to small and marginal farmers besides weaker sections.
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Chinese banks' profit decline to worsen in H2: Fitch Ratings
Updated : 5 years, 10 months ago IST
Hong Kong/Shanghai, September 4 (ANI): The fall in Chinese banks' profits will accelerate in the second half of current calendar year as authorities target to more than double the amount of non-performing loans (NPLs) resolved compared with the first half of the year, Fitch Ratings has said.
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FM Sitharaman asks banks to roll out loan resolution schemes by mid-Septem
Updated : 5 years, 10 months ago IST
New Delhi [India], September 3 (ANI): Finance Minister Nirmala Sitharaman on Thursday asked bankers to roll out loan resolution schemes by September 15 and COVID-19 related distress must not impact their assessment of borrowers' creditworthiness.
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Credit quality weakens for A-Pac metals and mining on economic slowdown
Updated : 5 years, 10 months ago IST
Singapore, September 3 (ANI): The aggregate earnings before interest, taxes, depreciation and amortisation (EBITDA) for 24 rated mining and mining services companies in the Asia Pacific will decline around 10 per cent to 53 billion dollars in 2020 from 59 billion dollars in 2019, Moody's Inv
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Delhi HC adjourns to September 8 plea to extend moratorium, provide financ
Updated : 5 years, 10 months ago IST
New Delhi [India], September 3 (ANI): The Delhi High Court on Thursday adjourned to September 8 hearing on a petition seeking direction to the Central government and Reserve Bank of India (RBI) to extend the moratorium period for repayment of term loans and credit cards for another 12 months
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Flipkart Wholesale launches digital platform for kiranas, local MSMEs
Updated : 5 years, 10 months ago IST
Bengaluru (Karnataka) [India], September 2 (ANI): Flipkart Wholesale, the digital B2B marketplace of homegrown Flipkart Group, on Wednesday launched its operations to connect local manufacturers with retailers and bring the wholesale marketplace at their fingertips using technology.
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BCCI announces CRED as official partner of IPL for next three seasons
Updated : 5 years, 10 months ago IST
New Delhi [India], September 2 (ANI): The Board of Control for Cricket in India (BCCI) announced a three-season long partnership with Bangalore based credit card bill payment platform - CRED as Indian Premier League (IPL) official partner.
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Moeen Ali credits Morgan for success with bat in third T20I
Updated : 5 years, 10 months ago IST
Manchester [UK], September 2 (ANI): After playing a knock of 61 runs against Pakistan in the third T20I, England's all-rounder Moeen Ali credited skipper Moeen Ali for his success with the bat.
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Liquidity surplus but contracts with gradual unlocking of economy: Ind-Ra
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], September 1 (ANI): The system liquidity though still in surplus territory contracted to average Rs 3.5 lakh crore in July from above Rs 5 lakh crore in June, India Ratings and Research (Ind-Ra) said in its latest edition of credit market tracker.
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Care upgrades JSL's credit facilities rating to BBB with stable outlook
Updated : 5 years, 10 months ago IST
New Delhi [India], Aug 29 (ANI): Care Ratings has upgraded the rating of Jindal Stainless Ltd's (JSL's) credit facilities to BBB from BBB-minus with a stable outlook.
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ICRA Q1 operating income falls by 17 pc to Rs 42 cr
Updated : 5 years, 10 months ago IST
New Delhi [India], Aug 28 (ANI): Leading credit rating agency ICRA has reported 17 per cent fall in its operating income for the quarter ended June 30 at Rs 42.5 crore as compared to Rs 51.4 crore in the corresponding quarter of the previous year.
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Moody's affirms SBI's Baa3 deposit ratings, downgrades standalone profile
Updated : 5 years, 10 months ago IST
Singapore, Aug 26 (ANI): Moody's Investors Service has affirmed the long-term local and foreign currency deposit ratings of State Bank of India (SBI) at Baa3.
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