India GDP: Govt forecasts FY22 economic growth at 9.2% : Rashtra News #India #GDP #Govt #forecasts #FY22 #economic #growth India’s economy will return to growth in 2021-22 and expected to grow 9.2% as against a contraction of 7.3% in the previous fiscal, the first advance estimates by the National Statistical Office (NSO) released on Friday
9,800 MSME loans sanctioned in FY22 under SIDBI’s 59-minute loan scheme; this many disbursed : Rashtra News #MSME #loans #sanctioned #FY22 #SIDBIs #59minute #loan #scheme #disbursed Credit and Finance for MSMEs: SIDBI’s 59-minute loan approval scheme for micro, small and medium enterprises (MSMEs), PSB Loans in 59 Minutes, sanctioned only 9,868 loans involving Rs 5,197
SBI expects to recover Rs 8,000 cr from written-off accounts in FY22 : Rashtra News #SBI #expects #recover #writtenoff #accounts #FY22 Country's largest lender State Bank of India (SBI) is expecting to recover around Rs 8,000 crore from written-off accounts, including from NCLT resolved cases, in the current fiscal year to be ending on March
Fitch cuts India's FY22 GDP growth forecast to 8.7% : Rashtra News Fitch Ratings has cut India's economic growth forecast to 8.7 per cent for the current fiscal but raised GDP growth projection for FY23 to 10 per cent, saying the second COVID-19 wave delayed rather than derail the economic recovery. In its APAC Sovereign
Domestic steel demand & production unlikely to be impacted in FY22 : Rashtra News #Domestic #steel #demand #production #impacted #FY22 After the battering the economy got during the first two Covid waves, the governments, both at the Centre and in the states, have enforced discipline during the current spread of Omicron variant in a way
ADB scales down India growth estimate further to 9.7% in FY22 : Rashtra News The Asian Development Bank for the second time in three months has scaled down India's growth estimate for the fiscal year ending March 2022 due to supply chain issue of industries. The Manila-based multilateral development bank pegged India's growth estimate at
PSBs to get ₹15,000 crore via zero-coupon bonds in FY22 : Rashtra News #PSBs #crore #zerocoupon #bonds #FY22 The government will provide the budgeted ₹15,000 crore capital allocation for state-run banks this fiscal through non-interest-bearing zero-coupon bonds. This comes even as some banks had reached out to the government seeking clarity given that the Reserve
Uncertainty over LIC IPO could hit government's revised disinvestment target for FY22 : Rashtra News #Uncertainty #LIC #IPO #hit #governments #revised #disinvestment #target #FY22 India will miss its revised disinvestment target for the second time in the past eight years by a wide margin, as the government may not be able to raise an expected
‘We will grow our loan book by 7-10% in FY22’ : Rashtra News #grow #loan #book #FY22 Bank of Baroda (BoB) is on track to clock credit growth between 7-10% in FY22 and expects to grow in double digits in FY23, MD & CEO Sanjiv Chadha tells Shritama Bose. At the same time, the bank
FY22 Report Card: India Inc to see earnings downgrades in FY22 : Rashtra News #FY22 #Report #Card #India #earnings #downgrades #FY22 With the trend in results during the December 2021 quarter somewhat mixed, at least 55-60% of companies are likely to see earnings revised downwards, although in many instances the cuts may be very small. […]