Despite lockdown, Tamil Nadu manages to attract Rs 66,000 crore investments in 2020
The labour-intensive real estate, besides the MSME sector seemed to bear the brunt of the lockdown, with many housing projects coming to a grinding halt and industrial units downing shutters. PTI
Source: Pixabay
Stung by the COVID-19 induced lockdown in 2020 that severely impacted many businesses, Tamil Nadu however, sought to bounce back with mega ticket deals in various sectors later, seeking to live up to its image of a favourable investment destination.
The labour-intensive real estate, besides the MSME sector seemed to bear the brunt of the lockdown, with many housing projects coming to a grinding halt and industrial units downing shutters.
Budget 2021 expectations | Govt support may be required again to recapitalise public banks
Though the GoI as a backstop for capital requirements does add to the comfort of public banks for their regulatory capital requirements, their weak capital position and the inability to raise capital from the markets have much larger consequences. December 30, 2020 / 06:29 PM IST
The recent attempt by a few public banks to raise equity capital from the markets saw a relatively tepid response with participation largely limited to a few state-run institutions, raising questions on the ability of these banks to raise external capital. This is the situation despite the massive recapitalisation of public banks entailing a capital infusion of Rs. 3.16 lakh crore during FY2016-2020. Given the weak profitability outlook for these banks even in FY2022, the investors’ interest towards these banks is likely to remain muted. Increasing credit growth from the banking system would require active part
Indian banks emerged stronger in pandemic test through swift reforms livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Banking system liquidity to remain in surplus position: CARE Ratings ANI | Updated: Dec 28, 2020 13:19 IST
Mumbai (Maharashtra) [India], December 28 (ANI): The outstanding liquidity in banking system amounted to Rs 5.09 lakh crore as on December 24, Rs 50,386 crore higher than that in the previous week (Rs 4.58 lakh crore as on December 18), CARE Ratings said on Monday.
The sustained liquidity surplus in banking system can largely be attributed to deposit growth persistently surpassing bank credit growth. The incremental bank deposit growth was at 7.5 per cent higher than the incremental bank credit growth by 1.3 per cent as on December 4.
Besides, improved credit flows to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS scheme) might have also capped liquidity surplus in the banking system, said CARE. Banks have sanctioned Rs 2.06 lakh crore to the 81 lakh MSMEs, of which Rs 1.59 lakh crore were disbursed till December 4.
Banking system liquidity to remain in surplus position indiagazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiagazette.com Daily Mail and Mail on Sunday newspapers.