Banks BJP Voice Votes & Polls

BJP becomes the biggest beneficiary in the SBI electoral bonds worth Rs 6,492.7 crore

Over the past three years, State Bank of India (SBI), the official channel for selling these instruments, has sold EBs worth Rs 6,492.68 crore in 14 phases, shows an analysis by Commodore Lokesh Batra (retd).  Commodore Batra says, “During 2018 to 2020, SBI sold 12,773 electoral bonds, of which 12,632 bonds worth Rs 6,472.43 crore Read More…

Banks Companies Indian Subcontinent Industries Market

Indian banks written off Rs 2,38,000 Crores in 2020 : RBI

India’s financial sector should brace for challenging times ahead with an increased risk of deterioration in asset quality and lower demand for loans, the Reserve Bank of India (RBI) warns in a report on Tuesday.   The RBI report also said Indian banks had written-off loans worth 2.38 trillion rupees ($32.46 billion) in the financial Read More…

Agriculture Market Voice

Groundnut crop failure Cooperative bank lending woes affects 30000 acres Kuruvai cultivation laments farmers

What irks Ranipet district farmers now is that they are now hard up for cash to raise Kuruvai paddy.   “When we approached Primary Agricultural Cooperative Banks (PACBs) we are told to come again and this repeated excuse resulted in loans being delayed or not being given at all,” farmers in district laments   According Read More…

Business Companies Industries Market

RBI extends loan moratorium but restructuring now runs in to dilemma

Allowing borrowers more time to repay loans, the Reserve Bank of India (RBI) on Friday extended the moratorium on EMI payments by another three months, till August-end, taking the total moratorium period to six months. In addition the central bank has increased group exposure limits of lenders from 25% to 30% and RBI  also extended Read More…

Business Companies Industries Market Opinion

RBI three month moratorium a mirage complains borrowers

COVID-19 outbreak, BJP Modi government late reaction leads to Sudden 21 days lockdown on march 24th declaration that caused panic amongst Indians.   Following this Reserve Bank of India has permitted banks to allow a moratorium of three months on the payment of instalments for all term loans outstanding as on March 1, 2020.   Read More…