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The barely two-year-old P2P lending market is estimated to be valued at more than Rs 300 crore. Since 2017, the Reserve Bank of India (RBI) has given approval to as many as 20 P2P firms. Four of these firms are based in Hyderabad.

Bad loans to rise in 2020, says RBI

Health of urban cooperative banks worsens.

28 Dec 2019 2:16 AM IST

ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)

Inflation leaves consumers teary-eyed as pricey onions, food items...

For most part of 2019, the government was successful in price control but the party seemed to have lost the sheen...

27 Dec 2019 1:12 PM IST

The recent data on bank credit released by the Reserve Bank of India (RBI) reveals that the contraction in incremental credit outstanding to the services as well as the industrial segments, offset the entire growth in credit to the retail segment during the seven months of this fiscal. Within services, the credit outstanding to NBFCs has increased.

Growth in bank credit to decline to 7 per cent in FY20

Analysts expect bank credit growth to moderate to 6.5-7 per cent during FY2020 from 13.3 per cent in FY2019.

27 Dec 2019 2:32 AM IST

According to rating agency Icra, the GST compensation requirement of nine large states--Karnataka, Kerala, Gujarat, Maharashtra, Punjab, Haryana, Rajasthan, Tamil Nadu and West Bengal-- will double from Rs 36,100 crore in FY19 to Rs 60,000-Rs 70,000 crore in FY20.

Niti Aayog member bats for 2 GST slabs, says rates should not be...

Central government is providing a subsidy of Rs 1.2 lakh cr and the states put together spend about Rs 1 lakh crore.

25 Dec 2019 3:07 PM IST

It affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India.

When Rahul Bajaj broke deafening silence of India Inc

The auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.

24 Dec 2019 11:56 AM IST

Consumer durables clock growth in 2019; economic slowdown a threat in 2020

Consumer durables clock growth in 2019; economic slowdown a threat in...

The consumer durables sector, estimated to be around Rs 76,400 crore in FY-'19, logged a growth rate of about 10 per...

23 Dec 2019 9:31 AM IST

Prime Minister Narendra Modi.

India will emerge stronger from economic slowdown: PM Modi

The federal government will spend 100 trillion rupees in coming years to develop the countryâ€™s infrastructure.

21 Dec 2019 1:30 PM IST

(Photo: PTI/File)

Fitch cuts India GDP growth forecast to 4.6 pc in FY20

Fitch reaffirmed India-'s rating at -'BBB--' with a Stable Outlook saying the rating balances a strong medium-term...

20 Dec 2019 5:02 PM IST

According to rating agency Icra, the GST compensation requirement of nine large states--Karnataka, Kerala, Gujarat, Maharashtra, Punjab, Haryana, Rajasthan, Tamil Nadu and West Bengal-- will double from Rs 36,100 crore in FY19 to Rs 60,000-Rs 70,000 crore in FY20.

Kerala seeks better data access to get out of GST compensation

Kerala said that it wants to be out of the GST compensation for FY20.

20 Dec 2019 2:16 AM IST

(Photo: Representational)

DPIIT optimistic of India breaking into top 50 in -'ease of doing...

India jumped 14 places to the 63rd position in the World Bank-'s ease of doing business ranking released in October.

19 Dec 2019 5:25 PM IST

Microfinance is growing at 48 per cent CAGR in the last five years, there is still room for growth given that microfinance penetration is 25 per cent of the addressable market, KPMG India national head (Financial Services) Gayathri Parthasarathy said in the report.

Room for strong growth for microfinance in India: KPMG

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35...

19 Dec 2019 11:45 AM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

GST Council fixes 28 per cent uniform tax rate for lottery

The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017.

19 Dec 2019 9:15 AM IST