Indian companies, including the operating company of Indigo and Tata Capital, filed proposals worth $7.70 billion in July to raise money through external commercial borrowings (ECB), registering a 27% growth over the previous month, data from the Reserve ... See more
Kolkata: High double-digit growth in gold loans and consumer durable loans helped non-banking financial companies (NBFCs) record a 14.9% per cent year-on-year overall credit expansion at the end of July.Credit growth saw an acceleration this year compared... See more
Kolkata: Funding concentration in the microfinance sector is getting skewed every quarter.Large microfinance companies accounted for 98.1% of the funds received by all non-banking financial company-microfinance institutions (NBFC-MFI) in the first quarter... See more
Kolkata: The Reserve Bank of India will hold a 30-day variable rate reverse repo (VRRR) auction Monday with a target to suck out Rs 7 lakh crore from the inter-bank market which is flush with excess liquidity following the special dollar-mobilisation prog... See more
RBI mops up Rs 6.02 lakh crore through VRRR auctions against Rs 8.5 lakh crore intent Synopsis The surplus liquidity in the system rose to a record high of Rs 10.3 lakh crore as of September 3, forcing the central bank to step up liquidity absorption oper... See more
