For Rajan, clean-up in banks more important than growth

Bengaluru, June 22 : The clean up of a bank’s balance sheet was more important than growth, as was evident from the lesson every other country that had faced financial stress learnt, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Wednesday. “To the question of what comes first, clean up or growth, I […]

Aadhar Housing Finance targets disbursals of Rs 2,100 cr

Kolkata, June 22 : Aadhar Housing Finance, which caters to low income groups, has targeted loan disbursals of Rs 2,100 crore in the current fiscal, a top company official said on Wednesday. “We have targeted to disburse Rs 2,100 crore of loan this fiscal. In fact, we disbursed Rs 2,100 crore of loan from 2011 […]

Government should infuse capital to enable banks to lend more: Rajan

Bengaluru, June 22 : The government should infuse capital in state-run banks to enable them to support credit growth, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Wednesday. “Governments are sometimes reluctant to infuse bank capital because there are so many compelling needs for funds. Yet, there are few higher return activities than […]

‘Firms plan to hire more MBAs this year’

New Delhi, June 22 : Companies working with business schools plan to hire more MBAs (Master of Business Administration) this year compared to 2015, the Graduate Management Admission Council (GMAC) said on Wednesday, following a global survey it conducted. “Some 88 per cent of corporate recruiters who work directly with graduate business schools plan to […]

International home textiles fair gets underway

New Delhi, June 22 : Heimtextil India 2016, an international exhibition of home furnishings organised by German trade fair organisers Messe Frankfurt, got underway here on Wednesday, on the day India’s cabinet approved a package of measures to boost the textiles sector. The trade fair, being held from June 22-24 at the Pragati Maidan exhibition […]

DLF’s shares rise on DCCDL stake sale reports

Mumbai, June 22 : Shares of realty major DLF appreciated on Wednesday on the back of reports that speculated on a substantial minority stake sale by the company in its commercial property arm — DLF Cyber City Developers (DCCDL). The company’s stock at the BSE gained 1.56 per cent at Rs 140.10 from its previous […]