Splco emerging trend in bilingual online media
India’s largest private sector lender, HDFC Bank on Friday cut its marginal-cost based lending rate (MCLR) on loans across tenors by 10 basis points.The rate cut is effective from Friday (August 7), according to its website. . After the rate reduction, its overnight MCLR stands reduced to 7%, while one-month MCLR is 7.05%, according to Read More…
The Reserve Bank of Indian (RBI) on Thursday decided to keep the benchmark repo rate unchanged at 4 per cent, already at the lowest since 2000, and reverse repo rate at 3.35 per cent. In view of the Covid-19 pandemic and the resultant stress in the system, the central bank also decided to allow Read More…
Nirav Deepak Modi is a fugitive Indian businessman, wanted by the Interpol and the Government of India for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption, money laundering, fraud embezzlement and breach of contract Modi is being investigated in a $2 billion fraud case of Punjab National Bank Read More…
Following Economy down scale prior outbreak of Covid-19, and then lockdown issue bank credit growth fallen drastically to 7 per cent in May from 11.5 per cent a year ago. The growth is likely to remain muted during the current fiscal due to uncertainty and consequent risk aversion on part of borrowers as well Read More…
India’s real gross domestic product in Financial Year 2020-21 could contract 5.3 per cent, said India Ratings and Research on Wednesday “This will be the lowest GDP growth in Indian history and the sixth instance of economic contraction, others being in FY58, FY66, FY67, FY73 and FY80,” said the ratings agency in a press Read More…
