Congressional leader Rahul Gandhi on Tuesday asked people to understand the “timeline” of the proposed measures to reshape the national banking industry in another blow to the Center. Gandhi was using a phrase from the Union Interior Minister Amit Shah to explain the Bharatiya Janata Party (BJP) plans to implement …
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The economy may be progressively unlocking, but India’s private sector lenders have yet to see a quick recovery in their lending business. Updates from two private sector lenders indicate that loan growth is not out of the woods yet. IndusInd Bank in a performance update on stocks said its loan …
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The Reserve Bank is unlikely to extend the moratorium on bank loan repayments beyond August 31, as an extension could affect the credit behavior of borrowers without solving the problems they face after the COVID-19 outbreak. sources said. The RBI had announced a moratorium on debt repayment for six months …
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