In a freewheeling conversation, Moses Harding, Group CEO and Chief Economist, Srei Infrastructure Finance Limited, says that he is bullish over the prospects of the infrastructure finance sector.
FlashNews:
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Mumbai-Ahmedabad Bullet Train Gains Momentum with Major Civil Works Milestones
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OIL-BPCL Join Hands for City Gas Network Rollout in Arunachal Pradesh
Government push makes India’s maritime sector future-ready, unlocking $1 trillion potential”: Sonowal
ISRO Innovations Continue to Reach Industry as IN-SPACe Signs Five New Deals
India Launches Maritime Hackathon at IIT-Madras to Power Port-Tech Startups Ahead of Maritime Week 2025
CAE, InterGlobe JV Opens Fourth Commercial Aviation Training Centre in India to Meet the Country’s Soaring Pilot Demand
India’s Space Vision 2040: Jitendra Singh Says Astronaut Will Announce ‘Viksit Bharat’ from Moon
India May Launch Dedicated Maritime Satellite to Boost Coastal Governance: Sonowal
Modi Inaugurates ₹18.7 Billion Aunta-Simaria Ganga Bridge to Link North and South Bihar
Biofuels Earn Farmers $15 Billion Over 11 Years, Says Puri; Reaffirms Commitment to Shield Consumers from Fuel Price Volatility
Reacting to Trump tariffs, India, Brazil expand oil ties: S&P Global Commodity Insights
Jupiter Wagons Secures $25.8 Million Vande Bharat Wheelset Order, Plans Major Odisha Expansion
WABAG Wins $5.6 Million Water Management Contract for RenewSys Solar Cell Facility in Hyderabad
IHCL to redevelop historic Chotelal Ki Ghat in Kolkata under heritage-led riverfront initiative
India’s Airline Profitability to Dip Amid Airspace Disruptions and Safety Concerns: Crisil Ratings
Welspun One Expands South India Warehousing Portfolio with $258 Million Investment
Tag: credit
IIFCL-UK sanctions credit to Indian infra projects
In the United Kingdom (UK), Indian government-owned Infrastructure Finance Company (IIFCL-UK), the London arm, has sanctioned credit for a slew of power projects in the country. The projects that have received Board sanction of the London arm on October 10 include GMRÂ’s power project at Chhattisgarh, the Shishir Bajaj GroupÂ’s power project at Lalitpur and the port component of the Pipavav project.
PNB’s total outstanding deposit stands at Rs 4 trillion
KR Kamath, Chairman and Managing Director of Punjab National Bank said the bank's total deposits stood close to Rs 4 lakh crore, while its total credit remained above Rs 3 lakh crore as at end June 2013. He said this while addressing bank officials of Dharamshala circle at the Managers' Meetings.
Banks want easier implementation of SARFAESI Act
Some bankers suggest Reserve Bank of India (RBI) to bring about enabling framework for effective implementation of SARFAESI Act. Bankers argue that despite the existence of this act, they face difficulties at the field level in taking physical possession of mortgaged properties from defau
Adopt humane approach towards genuine defaulters: FM
Union Finance Minister P Chidambaram on August 29 said that banks must ensure flow of credit to every sector of industry. He said that bankers have been told to be sympathetic and have humane approach towards genuine defaulters. He said that this is the time for hand holding of borrowers who are facing difficulties, especially industry.
Banks adequately capitalised despite rising bad loans
In its annual report, Reserve Bank of India (RBI) said the banking system is adequately capitalised despite the rising trend in the gross non-performing assets (NPA). The gross NPA rose to 4.4 per cent of the total advances by March 2014 from 3.42 per cent a year ago.
Cabinet may consider approval for large projects
Union cabinet may consider approval for several large-sized infrastructure projects, costing at least Rs 1,000 crore, to ensure expeditious clearances. Union finance ministry is learnt to have sought specific comments from the concerned ministries on pending approvals
Karnataka Bank aims to clock Rs 780 bn business in FY14
In 2013-14, Karnataka Bank expects to clock a total business turnover of Rs 78,000 crore, which includes Rs 45,500 crore of deposit and Rs 32,500 crore of advances, the bank said in an official statement. The private sector lender, which completed 90 years of operation, also informed that it would widen its branch netw
Mfin discussing future course of action
Microfinance Institutions Network (Mfin), the industry body of microfinance firms, is discussing the future course of action to tide over the huge debt burden haunting the sector. Earlier, Reserve Bank of India (RBI) rejected Mfin's request to restructure the loan repayment of five heavily indebted microlenders under the corporate debt rest
Priority sector status sought for credit to affordable home developers
Banks have requested Reserve Bank of India (RBI) to allow them to classify loans given to developers of affordable housing projects as priority sector lending. If RBI assigns priority sector tag to such loans, it would encourage developers to build affordable homes owing to availability of funding from banks. Also, it would enab