In a world flooded with flashy deals and fine print, basic numeracy—the ability to understand and work with numbers—is more important than ever. Yet time and again, people fall for offers that don’t add up, misunderstand financial terms, or overlook critical details that could save (or cost) them real money. Two stories—one from fast-food history…
Although only a few hundred deportees so far have been of Indian origin, there are serious implications for Indian labour market entrants. Nation states across the globe are now squarely responsible for providing jobs and livelihoods for populations within their respective borders. Also Read: America’s H-1B visa is vital to US interests—and suits India too…
The central bank has restored the risk weights on bank loans to NBFCs to the levels before they were hiked in November 2023. The RBI then raised risk weights on banks’ exposure to NBFCs by 25 percentage points, over and above the risk weight associated with the given external rating. The revised risk weights will…
Mumbai: Piramal Enterprises posted muted profit after tax in Q3 FY25 as strong loan growth was partially offset by higher provisions due to asset quality woes. The non-banking financial company (NBFC) made loan loss provisions of â‚ą648 crore during the quarter, up over two-fold on-quarter and over 2.5 times on-year. Of these provisions, â‚ą300 crore…
Mumbai: L&T Finance Ltd posted record-high disbursements of retail loans in third quarter ended December, but its asset quality woes—especially in the lender’s microfinance and rural portfolios—weighed on profitability. The non-banking financial services company (NBFC) disbursed retail loans worth â‚ą15,210 crore during the quarter, up 5% on-year and 0.8% on-quarter, led by healthy growth in…
According to Udaya Kumar Hebbar, managing director, collections were delayed due to a combination of movement restrictions during the general elections, and more borrowers turning untraceable as they moved to cities. Stress owing to migration was visible in states like Rajasthan, Gujarat and Madhya Pradesh, Hebbar said. Â Earlier, Kotak Mahindra Bank and Ujjivan Small…
