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Latest Articles in credit

India To Extend Extra $100 Mln Credit To Maldives

India will extend an additional USD 100 million line of credit to the Maldives, Prime Minister Narendra Modi said on Tuesday, after a meeting with the island nation's President Ibrahim Mohamed Solih in New Delhi

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Home Credit India Launches Inaugural Sustainability Country Card

Country card encompasses HCIN’s ESG commitment with a focus on the ‘social or stakeholders’ (S) component; Key ESG pillars include Financial Inclusion, Financial Literacy, Digital Empowerment and Sustainable Communities

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Govt Working Towards Easier Access To Credit For MSMEs: Official

Acknowledging that access to affordable credit remains a challenge for all, especially MSMEs, B B Swain, Secretary of the Ministry of MSME, said efforts are being made to address the issue

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Non-food Bank Credit Grew 9.7% In March, Personal Loans Rose 12.4%: RBI

Loan growth to micro and small industries accelerated to 21.5 per cent from 3.9 per cent and credit to large industries recorded a marginal growth of 0.9 per cent against a contraction of 2.5 per cent during the same period last year

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PSBs have done very well, they’re showing clear profits: FM Sitharaman

Banks to go for second credit outreach in all districts of the country from October

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Odisha CM appreciates banks, districts for making coordinated efforts to improve lending to priority sectors

Odisha CM appreciates banks, districts for making coordinated efforts to improve lending to priority sectors

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Moody's Revises India's 2020 GDP Growth Forecast To 10.6 Per Cent Contraction From 11.5 % Earlier

Moody's also forecast government debt to increase to 89.3 per cent of GDP in 2020 and decline to 87.5 per cent in 2021, from an already elevated 72.2 per cent in 2019.

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IMF Approves Colombia's Request To Raise Credit Line By $6.2 Bln

"This represents an SDR 4.4174 billion increase (about USD 6.2 billion) in relation to the two-year arrangement that was approved on May 1, 2020."

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SBI providing USD 16 million liquidity support for local businesses in Maldives

SBI providing USD 16 million liquidity support for local businesses in Maldives

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'No More Tickets To Government Agencies On Credit,' Says Air India Official

Tickets on credit are not being issued to the government departments or agencies against whom the pending dues is Rs 10 lakh or more.

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India's Credit Squeeze Pushes Growth To A Six-Year Low: Fitch Ratings

Weakness has been fairly broad-based, with both domestic spending and external demand losing momentum.

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Care Puts JSW Energy's Bank Facilities, NCDs On Credit Watch With Negative Implications

"The ability of JEL to maintain envisaged operational parameters amid tepid domestic power sector and any major capital expenditure or large debt-funded acquisition impacting the overall financial risk profile of the company remains key rating sensitivities," said Care.

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Bank Credit Growth Slows To 10.24 Per Cent, Deposits At 9.73 Per Cent

In the previous fortnight to August 16, advances grew 11.64 per cent to Rs 96.82 lakh crore and deposits by 10.15 per cent to Rs 126.80 lakh crore.

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RBI's Task Force Recommends Moves To Ease Credit Markets

These moves are aimed at developing India’s credit markets and come at a time when the country is facing a liquidity crisis among its shadow banks after the collapse of IL&FS, one of the biggest shadow banks, last year.

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FinTech Revolution That Will Drive Credit Awareness & Penetration In India

Technology helps people become more aware, and enables them to use that information to reduce clutter and confusion in order to make better financial choices

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