Post Covid-19, most lenders have turned pro-risk and, in the quest to accelerate growth/profitability, are chasing unsecured loan growth, including PL, Cards.
“However, undeterred growth in PL (particularly low value/short-term PL and multiple PL) by regulated entities directly/indirectly via fintechs could pose a risk not only to the portfolio/B-sheet health of the regulated entities but also to the customers who are already facing the heat of inflation/higher leverage,” the report said.
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Travis Head Quashes Rumours Of Cracks In Australian Test Team
Australia batter Travis Head has refuted claims the Test side is fractured after Josh Hazlewood caused a stir with a comment that implied there might be a split in the dressing room.
India backs early ceasefire in Gaza, says Jaishankar
Describing Saudi Arabia as an important factor of stability in the region, External Affairs Minister S Jaishankar on Wednesday expressed deep concern over the continuing conflict in Gaza and called for an early ceasefire.
Do we still need the G20?
The G20 remains an important platform for dialogue between major countries and a banner of multilateralism in today's world.
Congress must reform
SIR, The Congress party had been in power for several decades after independence.
Toxic Living~ II
While trucks and other heavy vehicles have been recognised as a major contributor to air pollution, in India, freight movement by rail has declined, giving way to a road-based freight system dominated by trucks. Rapid expansion of roads and highways has given impetus to road transport. The share of railways in 1950-51 was 89 per cent, which declined to 27 per cent in 2022
Constitutional Whispers
There are several troubling aspects to the Apex Court's interventions in the R G Kar case, argues Debarshi Chakraborty.
Migration Tragedy
The conviction of two individuals involved in a human smuggling operation that led to the deaths of an Indian family at the US-Canada border in January 2022 underscores the devastating toll of illegal migration networks.
Rahul Gandhi accuses govt of protecting Adani
Leader of the Opposition in the Lok Sabha Rahul Gandhi, on Wednesday, accused the BJP-led NDA government at the Centre of protecting billionaire businessman Gautam Adani, who was indicted by the US Department of Justice (DOJ) and US Securities and Exchange Commission (SEC) for alleged bribery.
India welcomes ceasefire deal in Lebanon
India on Wednesday welcomed the ceasefire between Israel and Hezbollah in Lebanon, hoping such developments will lead to peace and stability in the region.
England Veteran Stokes skipped IPL auction to prolong international career
Ever since the advent of cash-rich T20 leagues across the world, including the money-minting Indian Premier League, there has been a debate over players choosing franchise cricket over their respective national teams' interest.
