FICCI
Addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci, RBI governor Shaktikanta Das ruled out ordering an asset quality review of the large NBFCs, says the RBI is not thinking about conducting one for now as it had done for the banks in late 2016 and early 2017.
RBI rules out asset quality review of NBFCs for now
19 Aug 2019 1:15 PM

IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.

The process of shifting to an external benchmark on rates needs to be faster and our expectation is that they should move faster, said Reserve Bank governor Shaktikanta Das. (Photo: File)
Time has come for banks to link loans, deposits to repo rate: RBI Gov Das
19 Aug 2019 12:42 PM

SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.

A total of 23 banks, including public sector, private sector, foreign and small finance banks, representing over 67 per cent of the banking industry, participated in the survey. (Representational Image)
Banks report reduction in NPA; seek steps to address stress in NBFCs: Survey
13 Aug 2019 6:31 PM

Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax compliance.

Jyothi Laboratories' Ullas Kamath opined that the fixing the slowdown could be done by increasing the consumption for which salaries should have gone up. (Photo: Representational)
Budget 2019: Little done to address economic slowdown, says FICCI Karnataka
05 Jul 2019 7:59 PM

FICCI felt there was little done to address the economic slowdown while health and education did not get the required filip.

This effects the cash flow of service providers and many have become defaulters in settling the GST dues for no other reason but due to lack of resources.
Ficci urges FinMin to re-look into GST regime for consulting, service sector
28 Jun 2019 9:40 AM

At present, the Consulting community continues to be made liable for payment of GST on behalf of the employer.

"First time in last many quarters, the overall capacity utilisation in manufacturing has witnessed an increase to 80 per cent in Q4 2018-19. It was hovering at 75 per cent for last many quarters," survey reported. (Representational image)
Positive sentiment in mfg sector in Q4, capacity utilisation up at 80pc: FICCI survey
12 May 2019 6:29 PM

About 40 per cent respondents reported plans for capacity additions for the next six months.

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