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Ratings agency ICRA has revised upwards its projection of bank credit growth in FY24 to 14.9-15.3 per cent, estimated at an incremental growth of ₹20.4-20.9 lakh crore, from the earlier projection of 12.8-13 per cent equating to a growth of ₹17.5-17.8 lakh crore. “This will be the highest ever incremental bank credit growth and would […]

The post ICRA Revises Up Bank Credit Growth Estimate To 15% From 13% For FY24 first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Deficit liquidity in the banking system surged to an all-time high this week, topping the ₹3 lakh crore mark, as tax outflows, currency leakages and a slow pace of government spending led to a cash crunch with lenders, pushing up borrowing costs across the economy. As of January 23, the liquidity deficit measured by […]

The post Liquidity Deficit At Highest-Ever, Tops Rs 3 Lakh Crore After Eight Years first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Equity investors became poorer by Rs 8.50 lakh crore on Tuesday as markets came under a bear attack, with the benchmark Sensex falling almost 1,053.10 points. Equity benchmark index Sensex tumbled 1,053 points to close below the 71,000 level on Tuesday, dragged down by index heavyweights HDFC Bank, Reliance Industries and SBI amid mixed […]

The post Investors Wealth Erodes By Rs 8.50 Lakh Crore As Markets Tumble first appeared on Latest India news, analysis and reports on IPA Newspack.

Rohit Pawar, Nationalist Congress Party (NCP) MLA and grandnephew of Sharad Pawar, appeared before the Enforcement Directorate on Wednesday to record his statement for questioning in connection with the Maharashtra State Cooperative (MSC) Bank scam case. He was accompanied by NCP working president Supriya Sule to the investigative agency’s Mumbai office. While the NCP-Sharad Pawar […]

The post Pawar’s grandnephew appears before ED first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Centre’ capital expenditure growth may slow down to 12% in FY25 from 37.4% pegged in Budget for FY24, India Ratings and Research (Ind-Ra) said in a report. This is mainly due to the pickup in private capex in few sectors, the forthcoming elections in April and the fiscal consolidation target of 4.5% […]

The post Centre’s Budget Capex Growth To Slow To 12 Per Cent In FY25: India Ratings And Research first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: A few segments in unsecured retail loans show signs of weakness which need to be closely monitored by lenders, said a report published by RBI. It also noted that in credit card outstanding, where the interest rates are highest, larger loans are by more vulnerable borrowers. According to the study, over the past decade, […]

The post Stress In Some Retail Loans, Lenders Alerted: RBI Report first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The credit card segment has emerged as the fastest growing among all retail loans, which could be a cause of worry for the regulator as much of this unsecured credit is going into the below-prime category. In November, the outstanding credit card balance of banks rose 34% from a year earlier, even after the […]

The post Bulk Of Credit Card Loans Are Subprime first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The government is likely to make an outlay of Rs 21,000 crore for reduce the cost of short-term loans for Kisan Credit Cards (KCCs) holders in the forthcoming interim budget for 2024-25. This amounts to an annual rise of 13%. Sources said that under modified interest subvention scheme (MISS) of the agriculture ministry, […]

The post Interest Subvention Scheme For Farmers May Get Rs 21,000-Cr Outlay In FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The fiscal deficit target for FY25 is likely to be pegged at 5.3 per cent of the gross domestic product (GDP) in the upcoming interim budget, suggests an analysis of multiple projections made by economists and forecasting agencies. Fiscal deficit is the difference between the total income of the government and the total […]

The post Interim Budget 2024-25: Govt May Target 5.3% Fiscal Deficit For FY25 first appeared on Latest India news, analysis and reports on IPA Newspack.

The initial trend in the third quarter results season reflects sustained year-on-year double-digit growth in aggregate revenue and net profit, driven by banking and finance companies. For a sample of 215 companies that have so far declared October-December results, revenue grew by 11.2%, while net profit rose by 14.2%. In the year-ago quarter, revenue expansion […]

The post Lenders, Finance Companies Power India Inc’s Double-Digit Profit Growth first appeared on Latest India news, analysis and reports on IPA Newspack.

By James M Dorsey A recent Lebanese public opinion poll suggests there may be limits to Iran-backed Shiite militia Hezbollah’s restraint in confronting Israel. It also suggests why Iran feels emboldened by escalating tensions in the Middle East. The poll results are significant with Hezbollah and Israel engaged in tit-for-tat cross border attacks that both […]

The post Hardliners Ride High In Miidle East As Border Hostilities Escalate Unexpectedly first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The interim Budget for 2024-25 could peg India’s nominal GDP growth for the next financial year at 10.7% or thereabouts, going by the median of a poll of 15 economists. The estimates for nominal GDP growth for the next fiscal range from 9.5% to 11.3%, with most economists expecting the figure at 10.5%. […]

The post Budget May Peg Nominal Fy25 GDP Growth At 10.7 Percent: Economists first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Foreign banks stepped up their purchases of Indian government bonds in January ahead of the country’s inclusion in global bond indices later this year. According to bond market dealers, the rise in demand for dated securities among foreign banks is also because of forward rate agreements (FRA) with insurance companies. “This is due to […]

The post Foreign Banks Lap Up Government Bonds Ahead Of India’s Index Inclusion first appeared on Latest India news, analysis and reports on IPA Newspack.

By Dr. Gyan Pathak Prime Minister Narendra Modi led government has resorted to go offensive afresh against Trade Unionism in India. Reconstitution of the Central Board of Trustees (CBT) of the retirement fund body Employees’ Provident Fund Organisation (EPFO) amply demonstrate it. Three members are given place into it from Bharatiya Mazdoor Sangh, an organization […]

The post Modi Government Goes Offensive Afresh Against Trade Unions first appeared on Latest India news, analysis and reports on IPA Newspack.

The Enforcement Directorate has issued fresh summons to RJD chief Lalu Prasad and his son and Bihar Deputy Chief Minister Tejashwi Yadav to appear for questioning at its Patna office in connection with the alleged railways land-for-jobs money laundering case, official sources said on Friday. While Prasad has been asked to depose on January 29, […]

The post Fresh ED summons to Lalu Prasad, son in land scam first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Service sector companies in the information technology (IT), banking and finance segments comprise nearly half of the new jobs created in FY23 by India Inc, while firms in the manufacturing, infrastructure and consumption sectors saw moderate job creation, according to the latest study by Bank of Baroda released on Friday. Of the 8.12 […]

The post Services Sector Firms Led India Inc’s Job Creation In Fy23, Says Study first appeared on Latest India news, analysis and reports on IPA Newspack.

The International Energy Agency (IEA) on Thursday made a further upward revision to its 2024 oil demand growth forecast, though its projection remains dramatically lower than producer group OPEC’s expectations. The Paris-based agency’s forecast, its third consecutive upward revision in as many months, predicts that global oil consumption will rise by 1.24 million barrels per […]

The post IEA Raises 2024 Oil Demand Forecast Again, This Time By 180,000 bpd first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava More than the leadership of the Congress and Samajwadi Party, it is the media, which is relatively inquisitive and worried about the two parties still not resolving the contentious issue of seat sharing in Uttar Pradesh. While the leaders of two parties express their gratification at the pace and dimension of the […]

The post Congress-SP Alliance Sends Out Strong Signal To RSS-BJP Camp first appeared on Latest India news, analysis and reports on IPA Newspack.

By Sushil Kutty Is India awash in religion? India cannot help itself. Religion is so mixed with politics and everyday life in India that it bristles. This, despite the country’s apex court asserting in1994 that mixing religion with politics was fraught with danger. Today, the same Supreme Court has by far a far more liberal […]

The post Narendra Modi Is Chanting ‘Make The Temples Great Again’ On The Lines Of Trump first appeared on Latest India news, analysis and reports on IPA Newspack.

By Rahil Nora Chopra To consolidate its EBC, OBC and Dalit vote bank ahead of the upcoming Lok Sabha polls, the Nitish Kumar-led government in Bihar has passed a proposal to provide financial assistance of Rs 2 lakh each to more than 94 lakh families identified based on the recently conducted caste survey. A proposal […]

The post Nitish Govt Approves Sop For 94 Lakh EBC, OBC, Dalit Families first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: India should sustain the strong growth momentum in the next financial year by securing at least a 7 per cent expansion in GDP while the headline inflation needs to align with the target of 4 per cent by the second quarter of FY25, as projected, said the Reserve Bank of India’s (RBI’s) state of […]

The post Inflation Needs To Align With Target By Second Quarter: RBI first appeared on Latest India news, analysis and reports on IPA Newspack.