Credit growth may not revive in near future: SBI
The Dollar Business Bureau India’s credit growth is unlikely to recover materially in near future because of the prevailing demand conditions which are acting like a laggard, said a report released by State Bank of India (SBI). This was revealed by the bank’s Composite Index which released for the month of May. The Composite Index by the bank mirrors the credit demand in the country and other data available for the public. SBI Composite Index that tracks the country’s manufacturing sector have two growth constituents - month-on-month as well as year-on-year scaling from zero to 100. Index value of 42-46 represents moderate decline, 46-50 shows low decline, 50-52 means low growth, 52-55 says there is moderate growth and over 55 proves high ...
'FDI cap in defence, banking to keep fly-by-night operators away'
The Dollar Business Bureau The Minister of State for Commerce & Industry (Independent Charge), Nirmala Sitharaman addressing at the felicitation of the 1.25 Million International Registration Number (IRN) Certificate for Trade Mark and Madrid Seminar, in New Delhi on July 20, 2015. Source: PIB, Government of India Putting a cap on overseas investment in defence and banking sectors will keep fly-by-night operators away from investing in these areas, said the government on Monday. Union Minister of State for Commerce and Industry Nirmala Sitharaman on Monday clarified the new foreign direct investment (FDI) norms, saying that defence and banking sectors have been kept away from the list of composite cap, because the government does not want investors looking for quick money ...
