The Enforcement Directorate (ED) has attached three hotels in Delhi valued at Rs 100 crore in the PMC Bank fraud case.
An ED official said that the three hotels are Hotel Conclave Boutique, now known as FAB HOTELS in Kailash Colony; Hotel Conclave Comfort, now known as FAB HOTELS in...
The rapid increase in Covid-19 afflictions and intermittent lockdowns will increase asset quality challenges of nonbanking financial companies (NBFCs), already grappling with the economic slowdown since last fiscal. While loan restructuring will soften impact, pace of normalisation and...
India Ratings and Research (Ind-Ra) has revised its outlook on the banking sector to negative for second half (2H) of FY21 from stable due to an expected spike in stressed assets, higher credit costs, weaker earnings on account of interest reversals and lower fee income, and muted growth...
The gap between government's total income and expenditure is expected to balloon to Rs 14.6 lakh crore or 7.6 per cent of GDP in FY21 as economic disruptions are set for a long haul due to Covid-19 pandemic, brokerages analysing the deficit numbers said.
The Controller General of...
Looking back to the 1991 crisis:
Less than three decades ago, during 1990-91, the Indian financial sector was on the verge of collapse due to a host of factors. To take a quick recap, the country’s macro-economic situation was in a shamble; the Gulf crisis had pushed up the oil...
