HYDERABAD: After wading through a stream in spate, climbing hills, and trekking 16km for over five hours, Allem Appaiah, district medical and health officer (DMHO) of Mulugu in Telangana, reached a remote hamlet in Wajedu mandal to deliver medicines, mosquito nets, and provisions to 11 tribal families.The reason Appaiah undertook the arduous journey was not…
The RBI has suggested more stringent rules for project funding, which will increase the cost for lenders when offering loans for infrastructure and industrial projects such as roads, ports, and power plants. The new regulations mandate that lenders reserve 5% of the funds they have provided as a precaution for both current and future loans….
NEW DELHI: HDFC Bank posted smaller-than-expected quarterly (Q4) profit of Rs 16,511 crore for the January-March quarter (Q4) of the financial year 2023-24 (FY24) on Saturday. This marks a 0.84 per cent jump when compared to Rs 16,373 crore clocked in the previous quarter.However, the quarterly profit of the largest private lender is below analysts’…
NEW DELHI: The Supreme Court on Thursday upheld the constitutional validity of various provisions of Insolvency and Bankruptcy Code (IBC), including Section 95, which allows creditors to initiate insolvency proceedings against personal guarantors.A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Mishra rejected a plea against the provisions of…
