Tag: 2024 Budget

Union Budget 2024: NBFC sector seeks more funds to improve liquidity, regulatory reforms from Budget

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As of the end of March 2024, NBFCs had a CRAR of 26.6%, a GNPA ratio of 4.0% and a return on assets (RoA) of 3.3%. (Representational image only) Ahead of the upcoming Union Budget scheduled to be presented on July 23, the Non-Banking Financial Company (NBFC) sector is expecting enhanced financial inclusion and reinforcing digitalisation…

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Budget must address fundamental questions, why is private investment very sluggish: Congress

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Congress general secretary Jairam Ramesh. File | Photo Credit: PTI The Congress on July 12 said the forthcoming Budget must address fundamental questions such as why private investment is “very sluggish” and private consumption is not picking up as the party dismissed claims that economic growth is accelerating sharply and large numbers of jobs being…

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