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29 Oct 2015

India offers Africa $10 bn soft loan, seeks stronger ties

India on Thursday offered a concessional credit of USD 10 billion to Africa over the next five years and a grant assistance of USD 600 million even as Prime Minister Narendra Modi made a strong pitch for deeper ties in key areas of counter-terrorism, climate change and UN reforms.

31 Mar 2015

Credit growth slows to 9.4% in February

The Reserve Bank on Tuesday said slowdown in loan pick-up by corporates continued to compress credit growth, with non-food lending expansion falling below the double-digit mark to 9.4 percent in February.

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