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Despite IMF loans, Pakistani rupee continues to fall
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 27 (ANI): Despite the inflow of International Monetary Fund (IMF) loans, Pakistan's currency continues to fall.
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Nirmala Sitharaman to review performance of credit and welfare schemes for
Updated : 3 years, 5 months ago IST
New Delhi [India], September 27 (ANI): Finance Minister Nirmala Sitharaman will review the performance of credit and other welfare schemes for Scheduled Castes (SCs) in public sector banks on Tuesday.
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RBI imposes monetary penalty on Varachha Co-operative Bank
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 lakh on Surat-based Varachha Co-operative Bank for contravention of directions issued by RBI on loans and advances to directors.
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Finance minister to review performance of credit and welfare schemes for S
Updated : 3 years, 5 months ago IST
New Delhi [India], September 26 (ANI): Finance Minister Nirmala Sitharaman will review performance of credit and other welfare schemes for Scheduled Castes (SCs) in public sector banks on Tuesday.
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Businessman dies by suicide in Mumbai, police suspect financial reasons
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): A businessman in Mumbai allegedly committed suicide by hanging at his residence on Sunday, said the police.
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China uses clever tactics of African countries' loan waiver to change its
Updated : 3 years, 5 months ago IST
Beijing [China], September 25 (ANI): After eyebrows were raised on China's debt trap policy under its Belt Road Initiative (BRI), it announced a loan waiver for African countries to change the narrative, however, the amount of these loans was not even 1 per cent of its total lending to the c
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Emergency loans from financial bodies not to solve Pakistan's woes, need t
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 23 (ANI): Pakistan needs an overhaul of economic policy as the country is facing its worst ever floods in history accompanied by a huge resource gap despite getting emergency loans from global financial bodies for the reconstruction.
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M&M Finance tanks 14 per cent as RBI bars it from using third-party re
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 23 (ANI): The share price of Mahindra & Mahindra Financial Services Limited crashed by more than 14 per cent on Friday a day after the Reserve Bank of India (RBI) barred it from using third-party recovery agents.
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Delhi Court remands ABG Shipyard's ex-promotor Rishi Agarwal to CBI for 4
Updated : 3 years, 6 months ago IST
New Delhi [India], September 23 (ANI): A Delhi Court on Thursday remanded Rishi Agarwal, the former promoter of ABG Shipyard Ltd, for four days in connection with India's biggest bank loan scam of over Rs 22,000 crores.
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Utkarsh Small Finance Bank Limited expands its presence
Updated : 3 years, 6 months ago IST
Varanasi (Uttar Pradesh) [India], September 22 (ANI/PNN): Utkarsh Small Finance Bank Limited (USFBL), today on its 13th Foundation Day announced the inauguration of 22 branch outlets in the country.
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Banks may see bad loans fall to a decadal low of 4% by March 2024: Crisil
Updated : 3 years, 6 months ago IST
New Delhi [India], September 21 (ANI) Gross non-performing assets (GNPAs) of banks are likely to decline by 90 basis points (bps) to 5 per cent this year and further improve to a decadal low of 4 per cent by March 31 next year, pushed by post-pandemic economic recovery and higher credit grow
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South-East Asian nations show red card to China through economic means
Updated : 3 years, 6 months ago IST
Jakarta [Indonesia], September 21 (ANI): China has not been able to strike strategic takeovers with South-East Asian nations as the countries have complimented their own development with China's economic growth and have been able to dodge the communist nations' debt-trap diplomacy.
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