Banks reported a moderate growth in personal loans at 18.1 percent on a year-on-year (YoY) basis in February 2024 compared to 20.6 percent due to decelerated growth in vehicle loans and other personal loans, according to the latest Reserve Bank of India (RBI) data. At the same time, credit growth to agriculture and allied activities remained robust at 20.1 per cent on a YoY basis in February 2024.
Open FlipOne of Sweden's biggest commercial landlords, SBB has selectively defaulted on some of its debt, rating agency Standard & Poor's said on Wednesday, the latest setback to the embattled group. The property group, which has been scrambling to cut its debt mountain, recently repaid some bondholders a fraction of what they were owed in a tender offer.
Open FlipExpert view: Niraj Kumar, Chief Investment Officer at Future Generali India Life Insurance Company expects FY25 to be driven by sustained corporate earnings growth, policy continuity and a favourable geopolitical landscape and any disappointment on these fronts may have negative ramifications on the market. He said equity markets are pricing in a perfect US soft landing.
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