GOVT OF INDIA LAUNCHES PM SVANidhi MOBILE APP TO PROVIDE MICRO LOANS TO STREET VENDORS

Highlights

• PM SVANidhi web portal was launched by the Ministry of Housing and Urban Affairs on June 29, 2020

• According to the reports, since July 02, 2020 more than 154,000 street vendors have applied for working capital loan across states/UTs, of which more than...

Banks select NBFCs for disbursement of loans

Mumbai: Banks in India are still hesitant to lend to non-bank financiers more than a year after Infrastructure Leasing and Financial Services Ltd's (IL&FS) defaults, and instead have found ways to circumvent government coaxing to raise lending to shadow banks, two people said, informed of...

India has to do more to ease its credit crunch

According to economists, India desperately needs to find alternatives to the country's credit crunch, which is hitting industries and crippling employment in Asia's third-largest economy.

"The situation needs to be addressed on a priority basis," says Mahesh Singhi, th...

The plan is expectedly giving NBFCs extra lending capacity

Whenever an individual or an organization has to keep its fiancés meet the ends banks are the saviors.   The bank is an institution that runs to deal with all the issues that are based on the finances in the country. All the citizens are linked to banks and get benefit from that....

NBFC stocks were trading on a mixed note, Stocks of PSU were trading in the negative

NBFC stocks were trading on a mixed note on Wednesday

Shares of Sahara Housing Finance was up at 9.65 percent, Garnet International was up at 5.00 percent, Authum Investment & Infrastructure was up at 1.98 percent, Ind Bank Housing was up at 1.64 percent, L&T F...

Through Financing Machinery loans to MSMEs Pune NBFC makes Rs 144 CR

In India, the MSME sector makes up 45% of the manufacturing output and much more than 40% of the country's exports. These numbers illustrate how critical the industry is to the manufacturing sector and the economy of India.

It is not easy for MSMEs to sustain their momentum.

Biggest lessons from the Indian stock market in 2019

Occasionally, low-level buying without proper study can lead to further loss of investments in the equity market. Roughly 127 stocks worn out up to 95 percent of investors’ affluence in 2018, and most of these again withdrew up to 75 percent this year as well. 

Assets to support NBFCs, HFCs and Realty may stream soon

NEW DELHI: The administration's plans to help restore the hailing economy by supporting nonbanking money organizations (NBFCs) and lodging account organizations (HFCs) and restarting slowed down land ventures are probably going to begin dispensing reserves soon. Money serves Nirmala Sitharama...

Economy of India to develop at 4.3% in Q4

SINGAPORE: India's economy is required to develop at 4.3 percent in the final quarter of this money amid worries over emergency in the NBFC part, as indicated by Nomura. The Japanese monetary administration major additionally accepts that the principal quarter of 2020 will see a "frail&q...

Weight on Indian fund cos due to NBFC emergency began with IL&FS defaults

Worldwide rating organization Moody's on Monday said pressure on Indian account organizations keeps on working up, with certain banks vigorously presented to non-bank credit suppliers, indicating that India's NBFC emergency is a long way from being done, significantly following a year sin...

Raghuram Rajan put forward his recommendations to help the ailing Indian economy out

Former RBI Governor Raghuram Rajan has put forward his recommendations to help the ailing Indian economy out of the ongoing slowdown in the cover story of India Today magazine' How to Fix the Economy.' Rajan calls for reforms in this article, among other items, to liberalize finance, land...

The health of the economy is a character of the business that runs it

The health of the Indian economy has been a bone of contention for many in the past year as such because of the measures taken by the monitory policy committee and the lack of cash in the credit sectors, with the banks not lending to the NBFC’s as a part of the debt recovering management be...

RBI and NBFCs

Fintech has taken over the world, and the world has been adapting to these new revolutionary technologies. Meanwhile, in India, the Finance sector has been seen crumbling and will be soon collapsing, which would be very bad for the already slowing economy of the nation. While the world prepares f...

Small finance could help the nation

The finance sector and the banking sector has been failing miserably in the recent times and we think that the nation of India is in desperate need of reforms to change the failing situation of the finances and the major hit has been taken by the small finance firms and we think that these small ...

IBC coverage changing

The finance sector of the nation has been changing rapidly, and the primary factor that has been driving the change in these sectors has been the one that has caused many banks to go bankrupt and face insolvency issues. There has been a significant shutdown in the banking and finance sector of th...

Reliance bonds with a huge discount

The bond market has been rising in popularity, and people have been keen on investing in the long term bonds so that they can record some pretty impressive gains and change the whole market and get rich in a very sure and risk-free efficient way which is a very rare trait in the trading trend. Th...

PCEs and NBFCs change the finance scene?

The finances of the nation are failing, and the pressure on the banking systems and some other regulated financial systems is rising, and this is because they have been unable to provide the nation with the finances that they need in order to finance the infrastructure and development of the nati...

Alarm from the world bank for Indian finance

The financial condition of the Indian finances has been in shambles for a very long time and there has been no hope seen in Indian finance since the government is not addressing the financial trouble of the nation and turning a blind eye to it.

The world is seeing the economy of India c...