In a statement shared with exchanges, the lender wrote, "We extend credit, basis comfort on cash flow, security, and repayment capability of obligors as per the Bank's credit assessment framework. We remain comfortable with our exposure to Adani Group basis the same."
Sitharaman said India remains a well-governed, stable government and also very well-regulated financial market and expressed confidence that the investor confidence which existed before shall continue.
Mumbai (Maharashtra) [India], January 31 (ANI/Hunk Golden and Media): Mobicule, a niche player and expert in debt collection has announced the launch of mCollect Repossession module, an industry first for banks and NBFCs. The revolutionary Asset Repossession Solution is a comprehension solut
Bengaluru (Karnataka) [India], January 31 (ANI/PRNewswire): GradRight and Prodigy Finance jointly awarded 10 merit-cum-means scholarships worth a total of $25,000 to Indian students pursuing their Master's aboard. GradRight, an Ed FinTech company dedicated to making education accessible and
Mumbai (Maharashtra) [India], January 25 (ANI/NewsVoir): spocto-World's leading full-stack debt support and risk mitigation platform, today announced the launch of spoctoX-a unified full stack debt support and risk mitigation platform that understands customers. The platform integrates spoct
Mumbai (Maharashtra) [India], January 25 (ANI/BusinessWire India): The signature event of Digital Lending Association of India- the annual DLAI conclave was held on Tuesday, January 24th amidst an august gathering of Digital lenders, Tech firms, Banks, NBFCs, Investors, Startups at the Taj L
It is pertinent to note that Chinese trade with Africa is about four times that of the United States. Beijing has become an important creditor by offering cheaper loans - often with opaque terms and collateral requirements - than Western lenders.
This development comes a few days after India backed the island nation's efforts to secure a loan from the global lender, as the country seeks assurances that debt will be restructured as per the IMF programme.
The bank said its operating profits grew 17 per cent year-on-year to Rs 914 crore in Q3FY23 and the Mumbai-headquartered lender said it is the highest in the past seven quarters.
Ranil Wickremesinghe has said that the only option for the island nation to emerge from this crisis is to seek the support of the global lender International Monetary Fund (IMF).