Ind-Ra revises up growth forecast to 7.4% for FY19 on strong agri growth

Ind-Ra revises up growth forecast to 7.4% for FY19 on strong agri growth Agriculture, industry to boost growth India Ratings and Research (Ind-Ra) has scaled up its projections for economic growth to 7.4 per cent, from the earlier 7.1 per cent, for 2018-19 on expectations of strong agricultural and industrial growth.This is somewhat different from […]

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Relief ahead for banks as deadline for resolving 10 major NCLT cases nears

Relief ahead for banks as deadline for resolving 10 major NCLT cases nears The pruned second NCLT list comprises 25 companies whose loans have turned into NPAs The coming weeks will be important for the banking sector, especially the government-owned ones. For, the last date for resolving 10 of the 12 major cases of bad […]

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RBI gives provisioning relief to stressed banks

RBI gives provisioning relief to stressed banks The Reserve Bank of India has temporarily relaxed provisioning norms for lenders to defaulters undergoing bankruptcy resolution in a move that could help banks bolster their financial results for the year and quarter ended March. Provisions for accounts referred to the National Company Law Tribunal (NCLT) have been […]

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