By Rajeev Jayaswal | New Delhi, Hindustan Times
UPDATED ON JUN 28, 2020 05:22 PM IST
Congress’s Manmohan Singh said that the very first step before implementing the five reform measures is to accept that the country is facing an economic crisis
By HT Correspondent | New Delhi
UPDATED ON JUL 06, 2019 11:56 PM IST
The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets.
By Roshan Kishore | Hindustan Times, New Delhi
UPDATED ON JAN 31, 2019 10:36 PM IST
Real GDP or GDP at constant (2011-12) prices for 2017-18 and 2016-17 stand at Rs 131.80 lakh crore and Rs 122.98 lakh crore, respectively, showing growth of 7.2 per cent during 2017-18 and 8.2 per cent during 2016-17, the CSO said.
UPDATED ON DEC 06, 2018 08:07 AM IST
The share of gross NPAs in total advances of banks, both in the public and private sector, peaked in March 2018, and has since declined — in both the June and September quarter of the current fiscal year. The NPA crisis is more widespread in the public sector banks.