Tag Archives: banking sector

Fitch Seeks More Difficulties For Indian Banks Ahead

Government Pushes State Banks To Boost Lending As Virus Fears Grow: Report

Mumbai: Worries emanating from the coronavirus pandemic are likely to aggravate difficulties for Indian banks, ratings agency Fitch said on Thursday, revising down the operating environment score for the sector by a notch. Revising the score to “BB” from “BB+”, the agency pointed out that the coronavirus (COVID-19) outbreak ups the worries …

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Government Pushes State Banks To Boost Lending As Virus Fears Grow, Says Report

Government Pushes State Banks To Boost Lending As Virus Fears Grow: Report

Banks’ outstanding credit fell by Rs 63,500 crore between January 31 and February 14, RBI data shows New Delhi/Mumbai: The government is pushing state-run banks to approve new loans amounting to Rs 50,000 crore-60,000 crore ($6.8-8.2 billion) by the end of March, according to two official sources, as authorities seek …

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