RBI weighs priority sector loans for electric vehiclesUnder the PSL framework, 40% of lenders' total credit must be compulsorily loaned to specific sectors. These sectors include agriculture, s...
Liquidation as "going concern" gains tractionThe Ahmedabad chapter of the National Company Law Tribunal (NCLT) last week passed an order clearing the liquidation of an insolvent compan...
NBFCs seek extension of MSME restructuring scheme till March 2022In a recent letter written to RBI Governor Shaktikanta Das, FIDC, an industry body of NBFCs, said due to the severe second wave of COVID-19...
CAIT demands restoration of MSME status for 8 crore tradersThe government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate ...
RBI grants Priority Sector Lending status to startupsUnder PSL guidelines, banks have to set aside a specific portion of bank lending to sectors deemed important by the central bank.
India misses out in QS top 50 under 50 rankingsIIT Guwahati (1994) tops among the Indian institutes in the 61-70 bracket, followed by IIT Hyderabad (2008), University of Hyderabad (1974)...
How RBI helps NBFCs to lower borrowing costsMahindra Finance, Tata Capital, and PNB Housing Finance are now seeking shorter-tenor, MCLR-linked bank borrowings to raise disbursements a...
Securitisation market looks up after 2 years of declineAfter two years of decline, securitisation market is looking up, thanks to new investment structures like commercial mortgage-backed securi...
PCB aims financial gains for players in PSL T20 LeagueAccording to a reliable source in the PCB three categories are being planned for the Pakistani players with pay scales of 100,000, 60,000 a...
Government mulls priority sector lending certificates for banksAmong the changes proposed, renewable energy sector is likely to be accorded the priority sector lending status, up to Rs 10 crore loans.
PSL by banks in Maharashtra to double in 2015-16, says NabardGross state domestic product (GSDP) of Maharashtra at current prices for 2012-13 is estimated at Rs 13,23,768 crore, Nabard said.
Finance Minister P Chidambaram says 59-60 right value for RupeeFinance Minister P Chidambaram said the right value of the rupee is 59-60 to a dollar and it should not overshoot that level.
Should the benefits mitigate the costs: PSL overhaul due?All banks are subject to a quota for lending to particular sectors, considered a high priority for helping the underprivileged and the cred...
Farm financing may decline sharply on revised priority sector lending normsThe norms for agri finance under PSL segment as revised by RBI on 20 July 2012 are expected to lead to a huge decline in lending to agri se...
- Huge potential available in the gold finance market: Manappuram General Finance & Leasing
In an interview with ET Now, VP Nandakumar, CMD, Manappuram General Finance & Leasing Ltd., talked about the impact of RBI policy on gold l...
- Lot of consolidation in the offing: JV Capital Services
Fundamental Check: Ashit Suri, Fundamental Research Analyst, JV Capital Services
- ICICI Bank launch green channel process for PSL in Andhra
ICICI Bank has started project Green Channel Process for exclusive servicing of 'Privilege Service Clients' (PSL) in Andhra Pradesh, to be ...