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FINANCIAL INDEBTEDNESS
Noida workers’ unrest: A story of hidden inflation and its impactNoida factory workers protest: Years of rising costs have diminished buying power, creating widespread discontent among many. Wage growth l...
Guardrails for MFIs need to continueIn a recent advisory, Sa-Dhan, a key player in the microfinance arena, underscores the necessity of upholding lending standards for financi...
RBI deputy flags concerns in microfinance sector, urges reformsReserve Bank of India Deputy Governor, M. Rajeshwar Rao, addressed concerns about the microfinance sector. He highlighted issues such as hi...
MTNL defaults on Rs 8,346 crore in bank loans; total indebtedness reaches Rs 33,568 croreMTNL has defaulted on loan repayments exceeding Rs 8,300 crore to a consortium of banks, including Union Bank of India and State Bank of In...
Congress slams govt over household indebtedness, says it failed to acknowledge 'crisis'Congress highlighted household indebtedness as a major issue, citing stagnating wages as the root cause. Recovery from COVID-19 driven by l...
Finmin to hold meeting with MFI players tomorrowThe Finance Ministry scheduled a meeting with microfinance institutions on Wednesday to address rising bad loans and delinquencies. The Dep...
Dimple Yadav lists crockery worth Rs 1.6 lakh in Akhilesh Yadav's name; declares Rs 54.26 lakh loan from husbandDimple Yadav of the Samajwadi Party, accompanied by party leaders including Akhilesh Yadav, filed her nomination papers for the Mainpuri Lo...
Reliance Power & Reliance Infra commit to settle their dues by fiscal-endReliance Power and Reliance Infrastructure have signed standstill arrangements with DBS Bank and JC Flowers ARC, respectively, to settle th...
FCLs total defaults at Rs 70 cr as of September 30FCL's total financial indebtedness is Rs 436.07 crore, which includes Short -term and long-term debts. This includes Rs 253.90 crore debt f...
Households in southern states more indebted than rest of India: ReportIn 2019, Telangana with 67.2 per cent had the highest proportion of its rural households indebted and Nagaland with 6.6 per cent had the lo...
Indian states need more financial support from Modi government, says an S&P reportThe Covid-19 pandemic could increase budget deficits and indebtedness of state governments as spending needs to exceed revenue collected, S...
Reliance Capital's total outstanding debt rises to Rs 20,380 croreTotal financial indebtedness of the listed entity, including short-term and long-term debt and accrued interest, was Rs 20,379.71 crore at ...
Future Consumer defaults on debt repayment from banks, othersThe company said it has applied for financial restructuring to the banks. A month ago, it had defaulted payments on non-convertible debentu...
Reliance Infra's total financial indebtedness at Rs 6,073 crore at December-endThe filing showed that the total amount outstanding was Rs 4,597.06 crore. "Of the total amount outstanding, amount of default as on date w...
Cheyyur UMPP electricity to be unaffordable, say analysts“Even with revised guidelines, the risks of the project remained daunting enough to deter investors and lenders,” IEEFA said.
RBI invites public comments on data standardisationRBI today invited comments from the public on the recommendations of a panel which has made a case for compilation of indices.
Village households' average assets at Rs 10 lakhHouseholds in rural areas hold assets worth over Rs 10 lakh on average, less than half the holdings by those in cities, says a government s...