The government is planning an urgent infusion of more capital into public sector banks to push credit flow as it worries that liquidity constraints faced by non-banking finance companies may have hit growth. The amount to be given to the banks could exceed the Rs 42,000 crore left under the capitalisation plan currently being implemented, said a government official aware of the deliberations. “The cabinet may take up the issue on Wednesday. We want to give growth capital to banks so that they can lend to meet and support the demands of the economy,” the official said. The government may increase the capital support to Rs 80,000-100,000 crore so that most banks will benefit. Year-on-year credit growth was 14.9% as of November 9, but the industry has complained that vital sectors such as real estate and micro, small and medium enterprises (MSMEs) have been denied funds. These sectors got the bulk of their credit from NBFCs, which saw their funding drying up after defaults … [Read more...] about More fund infusion likely in public sector banks
Reserve bank of india
Have banks been put on alert: This is what RBI says
For Quick Alerts Subscribe Now Rahul attacks PM Modi, says from 'Make in India' to now 'Rape in India' View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts Just In 5 min ago I will not apologize, says Rahul Gadhi over 'rape in India' remark 10 min ago Citizenship Act: BJP to launch public awareness, outreach programme from Dec 14-18 24 min ago Rahul attacks PM Modi, says from 'Make in India' to now 'Rape in India' Must Watch Don't Miss Finance Tata Motors Shares Surge 6% On Boris Johnson's UK Win Movies Meghna Gulzar: Laxmi Agarwal’s Pics Before The Attack Are Strikingly Similar To Deepika Padukone Lifestyle Chata, The Cute Munchkin Kitten With The Cutest Sleeping Poses! Sports 76ers hand Celtics first home loss, Doncic stars again Technology Oppo Reno 3 Processor Confirmed, Reno 3 Pro To Arrive With VOOC 4.0 Automobiles Tata Altroz India Launch Date Confirmed: To Rival The Maruti Suzuki Baleno Travel 10 … [Read more...] about Have banks been put on alert: This is what RBI says
India’s Services Exports Grew by Over 5% to $17.70 Billion in Oct: RBI Data
Mumbai: India's services exports rose 5.25 per cent to USD 17.70 billion in October, while imports remained nearly flat at USD 10.86 billion, data from the Reserve Bank of India showed on Friday. The services exports or receipts were USD 16.82 billion in October 2018, while the imports or payments were worth USD 10.10 billion. In September, the exports of services were worth USD 17.54 billion and the imports were of the order of USD 11.10 billion, showed the RBI data on India's International Trade in Services. India is one of the major economies contributing to the world services export industry. The services sector contributes to about 55 per cent in India's gross domestic product. The data for the latest month comes with a lag of 45 days. The data published by the RBI is provisional and undergoes revision when the Balance of Payments data is released on a quarterly basis. Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on … [Read more...] about India’s Services Exports Grew by Over 5% to $17.70 Billion in Oct: RBI Data
Moody’s cuts India’s GDP growth forecast to 5.6% for 2019
Moody’s Investors Service on Friday said it has lowered its 2019 GDP growth forecast for India to 5.6 per cent as slow employment growth weighs on consumption. It expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively, but sees the pace of growth remaining lower than past. “We have lowered our 2019 gross domestic product (GDP) growth forecast for India to 5.6 per cent, which is lower than 7.4 per cent growth in 2018,” Moody’s said in a report. “India’s economic growth has decelerated since mid-2018, with real GDP growth slipping from nearly 8 per cent to 5 per cent in the second quarter (April-June) of 2019,” it noted. It further slipped to 4.5 per cent in July-September quarter. “Consumption demand has cooled notably, with slow employment growth weighing on consumption,” it said. “We expect economic growth to pick up in 2020 and 2021 to 6.6 per … [Read more...] about Moody’s cuts India’s GDP growth forecast to 5.6% for 2019
India’s services exports grew by over 5% to USD 17.70 billion in October: RBI data
Mumbai: India's services exports rose 5.25 per cent to USD 17.70 billion in October, while imports remained nearly flat at USD 10.86 billion, data from the Reserve Bank of India showed on Friday. The services exports or receipts were USD 16.82 billion in October 2018, while the imports or payments were worth USD 10.10 billion. In September, the exports of services were worth USD 17.54 billion and the imports were of the order of USD 11.10 billion, showed the RBI data on India's International Trade in Services. India is one of the major economies contributing to the world services export industry. The services sector contributes to about 55 per cent in India's gross domestic product. The data for the latest month comes with a lag of 45 days. The data published by the RBI is provisional and undergoes revision when the Balance of Payments data is released on a quarterly basis. KPM HRS … [Read more...] about India’s services exports grew by over 5% to USD 17.70 billion in October: RBI data
