Demand for loans have dropped drastically even after liquidity injection.

Home Loan

These are uncertain times and taking a loan with uncertainty looming over your head is not a wise decision. There is no surprise that the masses who are facing the brunt of this uncertainty have therefore not resorted to getting themselves loans, even after a massive liquidity injection by the central government.  India’s outstanding bank loans shrank during the lockdown which stands indicative of the fact that the demands for loans are falling as it is obvious aftermath of the uncertainty that comes with the pandemic.  A total outstanding of…

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Anand Mahindra opens up about the ₹20 Lakh cr package, says ‘We’ll know if this will be a transformational moment like 1991’

Anand Mahindra

One of the biggest business masterminds of India, Anand Mahindra shared his opinions about the newly introduced Corona relief plan which is said to be of ₹20 lakh crores. Indian tycoon and Chairman of the Mahindra Group reacted to the announcement made by Prime Minister Narendra Modi while he addressed the nation on Tuesday.  “We will know tomorrow whether or not this is going to be a transformational moment like 1991,” said Mahindra while referring to the liberalization of the country’s economic policies that occurred in 1991.  While continuing on…

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