The BizBlog

Economy Slowdown leads to Non-Performing Assets in Indian Banks

Thursday, November 20th, 2008

Talk about the Business sector, and the latest news is the economy’s roller coaster ride! As the economy dips down, Indian Banking Industry witnesses profit slumps with its loans. There has been noticed a steep rise in the non-performing assets (NPA) which results in a sad phase in the Indian ...

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Growth dips as interest rates hit investment

Saturday, August 30th, 2008

Interest rates started affecting the economic growth. India's economy decelerated to its slowest growth rate in three-and-a-half years in the first quarter, as higher interest rates forced companies to begin easing back on investment. Government data showed GDP growth dipped to 7.9 per cent year-on-year in the three months to the ...

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