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Business News: Real estate sector GNPAs of non-bank lenders likely to exceed 9% in FY22: ICRA

Real estate sector GNPAs of non-bank lenders likely to exceed 9% in FY22: ICRA : Rashtra News #Real #estate #sector #GNPAs #nonbank #lenders #exceed #FY22 #ICRA The real estate AUM of NBFCs is likely to de grow 0-5% in the next fiscal. Non-banking finance companies (NBFCs) and housing finance companies (HFCs) are likely to see […] ....

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Indian stockbrokers clocked stellar growth while the economy went into recession


Indian stockbrokers clocked stellar growth while the economy went into recession
A record 1.42 crore new demat accounts were opened in the country in 2020.
Representational image.
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Danish Siddiqui/Reuters
If stock brokering businesses were the benchmark for India’s economic success, no one would believe that the country is going through its worse financial crisis in decades.
Over the last year, as India struggled with Covid-19 outbreaks, the country’s economy went into a recession, the unemployment rate spiked sharply and thousands of households were pushed into poverty. Many small businesses are currently hanging by a thread.
Away from this gloom and doom, stockbrokers in India have raked in crores of rupees during the pandemic. ....

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Indian stock brokers grew amid a pandemic as Sensex, Nifty soared — Quartz India


May 25, 2021
If stock brokering businesses were the benchmark for India’s economic success, no one would believe that the country is going through its worse financial crisis in decades.
Over the last year, as India struggled with Covid-19 outbreaks, the country’s economy went into a recession, the unemployment rate spiked sharply, and thousands of households were pushed into poverty. Many small businesses are currently hanging by a thread.
Away from this gloom and doom, stockbrokers in India have raked in millions during the pandemic.
In the financial year that ended on March 31, 2021, the stock brokerage industry in India clocked an income of Rs27,500-28,500 crore ($3.6 billion), which is around 30-35% higher year-on-year, according to rating agency ICRA. ....

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