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Lenders spot green shoots in retail credit as businesses reopen

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RBI data shows that between 27 March and 8 May, total outstanding non-food credit shrank by ₹1.36 tn, or about 1.32% Retail loan demand snuffed out by the coronavirus lockdown is beginning to show signs of life with bankers reporting loan applications and disbursals in areas where curbs have been eased.

Housing Development Finance Corp. Ltd (HDFC) said it is seeing home loan disbursements rising by the day, although the figures are not comparable to the previous year.

The mortgage lender has spotted the trend across cities, barring Mumbai and Delhi, the two big markets where restrictions continue. “We have started seeing a little bit of traction.

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Hemasiri Fernando - Pujith Jayasundara - Aditya Patabendige - Hemasiri and Pujith acquitted and released from Easter Attacks case - newsfirst.lk - Sri Lanka
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Hemasiri and Pujith acquitted and released from Easter Attacks case
COLOMBO (News 1st); Sri Lanka’s Former Defence Secretary Hemasiri Fernando and Former Inspector General of Police Pujith Jayasundara were released and acquitted by a Colombo court on Friday (18) from all charges in the Easter Sunday Attacks case.The cases were called up in the presence of Justices Namal Balalle, Aditya Patabendige, and Mohamed Irshadeen.The Attorney General filed the cases against Fernando and Jayasundara on charges of criminal dereliction of duty for failing to take action to prevent the Easter attacks despite receiving specific intelligence.A total of 855 charges of criminal negligence were leveled against Pujith Jayasundera and Hemasiri Fernando, individually.The Colombo Permanent High Court Trial-at-Bar ordered to acquit and release Ex-Police Chief Pujith Jayasundara and Ex-Defence Secretary Hemasiri Fernando from the cases, without calling for evidence from the defense, as the prosecution had failed to prove the charges filed against them.Justice Aditya Patabendige delivering the summary verdict in court noted that the evidence provided by Director of State Intelligence Nilantha Jayawardena made it clear that he had not carried out his duties in a proper manner, and acted to place that responsibility on someone else.Justice Aditya Patabendige went on to note that many devotees died under tragic circumstances in the Easter Sunday Terror Attacks that also left many injured, adding that it is not possible to proceed with a case against a person in absence of evidence on such a tragic event.Justice Aditya Patabendige also noted that one needs to be extra careful when leveling criminal charges against a person, and noted that the arrests of Jayasundara and Fernando on the said charges are also marred
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