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DEMONETISATION LOSSES TO FIRMS
Micro lender Satin Creditcare shrinks business share in UP and MP to stay healthyThe MFI has squeezed its loan share to 24% in Uttar Pradesh nd less than 10% in Madhya Pradesh. Before 2017, about 40% of Satin's business ...- Paper Boat weathers storm season, makes operating profitHector Beverages posts Rs 118 crore revenues in FY18, a 71% jump compared to Rs 69 crore in the previous year.
- Asset quality of microfinance institutions improves: CrisilDemonetisation of high-value notes in November 2016 had resulted in higher delinquencies, affected borrower behaviour and worsened asset qu...
- MFIs get over the demonetisation shock, show improvement in business“Business has returned to normalcy. We hope to end the year on a reasonably good note,”
- Microfinance companies show improvement in financial healthUjjivan Small Finance Bank managing director Samit Ghosh said credit cost is petering off and repayment is back to pre-demonetisation level.
- Ujjivan Financial Services reports profit after two quartersIts gross NPAs ratio stood at 4.24 per cent as against 4.99 per cent in the preceding quarter.
- Ujjivan Financial Services expects to be back in blackUjjivan booked net losses for the first two quarters this fiscal with demonetisation and loan waivers in some states impacting the repaymen...
- Ujjivan Financial Services cut net loss to Rs 12 crore in Q2The firm had reported Rs 75 crore net loss in the June quarter.
- India to grow at 7.2% in 2017-18: World BankFor 2017-18, the World bank has projected GDP growth of 7.2% and for 2019-20, a growth of 7.7%, riding on strong fundamentals, reform momen...
- Panasonic India likely to break even this fiscal: Manish SharmaThe company posted a net loss of Rs 43.21 crore in 2015-16 on a 24% increase in sales to Rs 4,918.63 crore, according to data sourced from ...
- Took Rs 100 crore hit on account of demonetisation: NestleAccording to Nestle, the FMCG segment would take at least two more quarters as the lag in demand in not on just the industry only but also ...
- Demonetisation: ED files charge sheet against businessman LodhaThe charge sheet gives details of how the accused persons "cheated public at large" and caused monetary loss to the central government.
- With losses mounting, used car players have a challenging year aheadGrowing at an annual rate of 15%, the market was set to cross 33 lakh units by the end of last year. However, demonetisation in early Novem...
- Despite note-ban, rural wages on a steady climb in Nov: NomuraThe purchasing sentiment of consumers fell steeply by 0.42 points due to demonetisation, with the buying propensity index standing at 0.26 ...
- MFI sector yet to get over demonetisation impactThe Rs 55,000-crore sector may see loan losses in the range of 1-3% of the overall portfolio, Antique Stock Broking said in a research repo...
- Budget 2017: Higher tax breaks on home loans likelyAfter govt prodded banks to lower loan rates, Finance Minister may announce some more tax concessions for home loan borrowers to boost real...
- Hyderabad businessman held over Rs 98 cr 'black money' deposits in banksAnother businessman Naredi Narender Kumar (59), MD of a private firm and brother-in-law of Gupta, was also arrested for abetment and hiding...
- Outperform on Tata Motors, target Rs 680 : Credit SuisseThe global brokerage firm has reduced standalone estimates on demonetisation impact. Credit Suisse reduced JLR FY17 est on volumes and marg...
- Demonetisation: Footfalls down 70-80% at retail telecom outlets; subscribers curb outgoing callsRetail outlets have stopped replenishing electronic recharge back-ups on a daily basis, and are now doing so over longer intervals amid dwi...
- Demonetisation: Suspension of NH toll may lead to 460-crore lossRs 460 crore revenue loss to private road builders, resulting in a significant liquidity stress for the most-rated road projects and potent...
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