NBFCs and HFCs are facing a crisis of confidence following the default by IL&FS since late-August. The partial credit enhancement (PCE) facility by the Reserve Bank of India’s (RBI) for non-bank lenders is unlikely to have the desired impact of increasing credit flow to the troubled sector, a report...
In February 2017, the credit outstanding to the segment had contracted 5.2% from the corresponding period. (Reuters) The banks’ credit outstanding to the MSMEs (Micro, Small and Medium Enterprises) has fallen for the first time in the past 14 months, contrary to the Reserve Bank of India’s (RBI) claim...
Representative Image: Reuters Karan Dua, an electronics shop owner in south-central Mumbai, placed his hope of crackling sales on Diwali — the Hindu festival of lights when Indians splurge on everything from clothes to cars and jewelry to houses. It hardly lit up business for the 35-year-old shop owner....
Citigroup CEO Mike Corbat sits down with Farjana Rohman, Citi Vice President - Instant Payments Product Manager, to discuss the challenges of being a state school educated, young woman of color in what is historically a feeder-career for the Ivy League. Source link