by OverviewFX | Sep 9, 2024 | Industry
India’s exporters are grappling with a significant credit crunch despite a surge in overall lending across the economy. Over the past two years, credit available to exporters has dropped by 5%, a troubling trend that contrasts sharply with the growth seen in other...
by OverviewFX | Sep 9, 2024 | Industry
Amid vacancy, senior bureaucrat Tuhin Kanta Pandey was on Saturday designated as the new finance secretary, according to an official order. Pandey is currently the secretary of the Department of Investment and Public Asset Management (DIPAM).”The Appointments...
by OverviewFX | Sep 9, 2024 | Industry
NEW DELHI: Credit to exporters has fallen 5% over the last two years, despite the rapid growth in lending to almost all sectors of the economy. The priority sector lending for exports crashed 41%, from Rs 19,861 crore to Rs 11,721 crore, prompting the commerce...
by OverviewFX | Sep 7, 2024 | Industry
Foreign Portfolio Investors (FPIs) invested a total of Rs 9,642 crores in equity through exchanges and an additional Rs 1,388 crores in the ‘primary market and others’ category in early September.The FPIs showed strong interest in the Indian market,...
by OverviewFX | Sep 7, 2024 | Industry
India’s ambition to achieve a $30 trillion GDP by 2047 will require a 20 times growth in the financial services sector, with banks playing a pivotal role, a report released by Boston Consulting Group (BCG) in association with FICCI and Indian Banks’ Association...
by OverviewFX | Sep 7, 2024 | Industry
Infra lender National Bank for Financing Infrastructure and Development (NaBFID) has said that lack of data on the sector is making it difficult for them to convince the regulator about the need for higher provisioning for project loans in the sector.”For...
