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Finance News : Target of Rs 1 lakh crore in FY18 : Arun Jaitley

NEW DELHI: Finance minister Arun Jaitley on Wednesday said the disinvestment receipts for FY18 have exceeded the revised budgetary target of Rs 1 lakh crore. “Disinvestment receipts for FY 2017-18 exceeded Rs 1 lakh crore which is higher than the figure of last year at Rs 46, 250 crore,” he tweeted. Total disinvestment proceeds during...

Posted by March 30, 2018April 1, 2018
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Finance news : IDBI Bank

8 Mar 2018: IDBI Bank now reveals fraudulent loans worth over Rs. 770cr The latest Indian bank to reveal fraudulent loans is IDBI, which said Rs. 772cr had been issued as loans from five branches in Andhra Pradesh and Telangana against fake documents. There were major lapses in processing and disbursing of the loans during...

Posted by March 29, 2018April 1, 2018
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Finance News : RBI – Banks Again Before Policy

Mumbai: The RBI has restarted the process of holding consultation with industry bodies and banks ahead of the monetary policy review next month. The consultative process, which was followed for years, was discontinued in recent years after the monetary policy committee (MPC) took over the job of rate-setting. With the objective of getting a wider feedback, the central bank...

Posted by March 28, 2018April 1, 2018
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Finance News : Exim Bank loan Facility to 15-Nation $500 million

The Export-Import Bank (Exim Bank) today said it will provide a USD 500 million credit facility to ECOWAS Bank for Investment and Development (EBID) to fund various development projects in the western-south Africa. The line of credit of USD 500 million to EBID will finance various development projects in the ECOWAS region, Exim Bank said...

Posted by March 27, 2018April 1, 2018
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Finance News : RBI to Front-load Rate Cuts

India’s growth outlook remains muted at this juncture. Even the government’s Economic Survey suggested the outlook for 2016-17 must be evaluated in the wake of the November 8 action of demonstration. Economic growth was already pretty weak in the first half and slowed down further in the aftermath of demonetization and the US election results, impacting its only...

Posted by March 26, 2018April 1, 2018
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Finance 2018 Year for Mergers

If money could talk, it would have whooped last year. Consider this: in 2017, India saw more than 1,000 mergers and acquisitions (M&As), the highest in the current decade. The dealmaking happened on the back of a record year in terms of raising equity. A total of Rs 1,81,605 crore was raised in 2017. Private...

Posted by March 25, 2018April 1, 2018
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Money Talks – IPO’s Positive Note

If money could talk, it would have whooped last year. Consider this: in 2017, India saw more than 1,000 mergers and acquisitions (M&As), the highest in the current decade. The dealmaking happened on the back of a record year in terms of raising equity. A total of Rs 1,81,605 crore was raised in 2017. Private...

Posted by March 25, 2018April 1, 2018
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Top 5 Reasons For Personal Loan Rejection

Availing Personal loans is the simplest way to avert from any financial trouble since it satisfies your immediate essentials of cash. However, the lending centre or banks will verify your profile before approving your loan application. Getting an approval for personal loan is not simple, especially once you don’t have a fantastic credit history and...

Posted by March 24, 2018April 1, 2018
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Finance News : US-China Trade War

Any sharp escalation of the US-China trade war is likely to drag down global trade growth and hurt India, although in its present form, the face-off between the world’s two largest economies may not jeopardise the country’s export prospects, trade analysts said on Friday. In fact, if the US extends curbs on Chinese garments and...

Posted by March 24, 2018April 1, 2018
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Finance News Public Sector Banks : Gross Non-Performing Assets (NPAs)

Soon after the credit crisis erupted in 2008-09, there was a sigh of relief that the Indian banking system was safe, thanks to the regulator debarring lenders from investing in toxic collateralised debt obligations (CDOs) or its derivative credit-default swaps (CDS).Indian companies seemed to be healthy, and a consensus was building up that India was decoupled from the...

Posted by March 23, 2018April 1, 2018