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Loans to the private sector declined from 37.6% in 2014 to 27.7% at the end of March 2021. Corporate credit acceleration in govt-owned enterprises was offset by the sharp decline in credit to private sector partly due to de-leveraging. During the same period personal loans grew from 16.2 to 26.3%, in which housing loans grew from 8.5% to 13.8%.
Stocks in the news: Edelweiss Financial Services, GMR Infra, ZEEL, NMDC, IOC and M&MGMR Infrastructure's consolidated net loss for the quarter ended June 30 more than doubled to nearly Rs 834 crore.
from Stocks-Markets-Economic Times https://ift.tt/3hC6eCU
… Read MoreIDBI Bank plans to raise Rs 6,000 cr via share placementIDBI Bank is initially planning to raise equity of about Rs 6,000 crore through a placement of shares with institutional investors, investment banking sources aware of the plans told ET.
from Stocks-Markets-Economic Times ht… Read MoreCan’t reject motor claims for want of PUC Irdai has said insurers cannot reject motor claims on the grounds that the vehicle does not have a valid PUC (pollution under control) certificate. A statement has been issued by the insurance regulator to this effect on Wed… Read MoreWorld Bank halts country business climate rankingsThe World Bank said that it was pausing publication of its Doing Business report to probe data collection irregularities in the closely watched annual ranking of countries’ business and investment climates.
from Stocks-Marke… Read MoreTraders carry bullish bets to Sept, expect Nifty to top 11,750Indian stock indices have gained more than 50 per cent from their calendar-year lows hit on March 24 thanks to the liquidity coming to emerging markets and outperformance by select heavyweight stocks, even as the number of co… Read More
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