Experts and industry observers highlight some of the issues in the Indian microfinance industry which impede the ability of the microfinance model to eradicate rural poverty. Notable among them is small size of micro credit provided by microfinance institutions (MFIs) which makes investment unprofitable. Some experts argue that unless loans

Addressing a special meeting of J&K state level bankers’ committee (J&K SLBC) at SKICC, Reserve Bank of India (RBI) Governor D Subba Rao fixed a target of achieving 4 percent growth in credit deposit (CD) ratio across the state and across the banks during 2013-14. According to the fresh target the present percentage would rise from 36 percent to 40 percent by end of March 2014

Corporate India is not much excited about the 25 basis point reduction in the repo rate by the Reserve Bank of India (RBI) as they feel it to be too less. However, they also agree that the central bank cannot do much the high level of retail inflation and high current account deficit

In the policy statement, Reserve Bank of India (RBI) said banks reduced lending rates on an average by 36 basis points to 12.17 per cent during 2012-13 (up to February). This is compared to a 50 basis points cut in repo rate and 75 basis points reduction in CRR by the RBI in 2012-13

According to a company statement, Indian Oil Corp (IOC) mopped up Rs 1,700 crore through issue of Secured Redeemable Non-Convertible Bonds instead of the original size of Rs 500 crore. It is learnt that banks, insurance companies, primarily dealers, mutual funds, financial institutions, among others, have

Experts suggest the government to develop corporate bond market in India to boost financing for infrastructure projects in the country. Even multilateral financial institutions like Asian Development Bank (ADB) have recognised the need to develop corporate bond market. The bank is supporting innovative pilot demonstration projects by providing partial cred

The Union Budget 2013-14 has outlined several initiatives to boost investment in infrastructure and industry, that inter-alia include encouraging Infrastructure Debt Funds, credit enhancement to infrastructure companies, raising the corpus of Rural Infrastructure Development Fund, introduction of investment allowance for new high value investments etc. Minister of State for Finance, Namo Narain Meena informed this in the Lok Sabha recently

While India’s infrastructure investment is likely to provide a boost to steel demand over the long term, there could be challenges to the raw material availability. Iron ore related uncertainties could be sorted out in the medium to long term,

Vinita Singhania, Managing Director, JK Lakshmi Cement, believes that the cement demand will dramatically increase from Tier II and II cities and even rural markets.