Manipur’s ethnic conflict, which erupted in early May, hasn’t ended. The conflict has had a deep impact on businesses, with many having to take loans to sustain their livelihoods. The State’s economy is estimated to have grown 8.53 per cent (FY23 revised estimates vs actuals of FY22). “I am not sure, I want to stay in Manipur in the middle of this conflict,” says Sam (name changed) from Imphal, who is in the construction business, “I have to figure it out.” The conflict stems from the call to...
Indian banks have received new directives from the Reserve Bank of India (RBI) regarding credit lines on the Unified Payments Interface (UPI), potentially...
MUMBAI: Borrower loan eligibility could drop while banks and finance companies will be forced to hike the EMI (equated monthly instalments) for some...