Clipped from: https://www.business-standard.com/article/opinion/ground-reality-121050601381_1.html Reforms and direct payment will benefit farmers If there were apprehensions about the smooth running of rabi grain marketing and procurement operations this
Day: May 7, 2021
Hospitals to reap the benefits of RBI’s health care liquidity injection | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/hospitals-to-reap-the-benefits-of-rbi-s-health-care-liquidity-injection-121050601444_1.html While top hospital chains reported an average borrowing cost of 9.8% in H1FY21, loans under the special RBI liquidity window for the health
RBI’s Rs 50K cr liquidity facility can augment hospital bed capacity Crisil | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-s-rs-50k-cr-liquidity-facility-can-augment-hospital-bed-capacity-crisil-121050700688_1.html Reserve Bank’s Rs 50,000-crore liquidity window can help augment the bed capacity at hospitals by up to 20% as credit will be available
RBI lends a helping hand to lenders to the grassroots – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/rbi-lends-a-helping-hand-to-small-finance-banks/articleshow/82400621.cmsSynopsis RBI has allowed SFBs to classify fresh lending to MFIs with asset size of up to Rs 500 crore as priority sector lending
PSBs form ‘Alliance’ to provide door step banking – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/psbs-form-alliance-to-provide-door-step-banking/articleshow/82433465.cmsSynopsis Besides public sector banks, two private sector lenders IDBI Bank and ICICI Bank were also shareholders in Cordex but will surrender their stake
PSBs will only lead bad bank, pvt banks also need to support it: SBI MD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/psbs-will-only-lead-bad-bank-pvt-banks-also-need-to-support-it-sbi-md/articleshow/82434371.cmsSynopsis If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per
IDBI expects 2% of small borrowers to opt for recast – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/idbi-expects-2-of-small-borrowers-to-opt-for-recast/articleshow/82448203.cmsSynopsis IDBI Bank exited RBIs prompt corrective action (PCA) framework after four years in March this year, posted profits of Rs 512 crore at
Amid rise in raw material costs, margin pressures to weigh on tyre stocks | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/amid-rise-in-raw-material-costs-margin-pressures-to-weigh-on-tyre-stocks-121050601115_1.html Tyre companies may not be able to fully pass on the surge in raw material costs Margins for the larger tyre makers, Apollo
RBI allows lenders to revamp MSME accounts under Covid-19 related stress – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/rbi-allows-lenders-to-revamp-msme-accounts-under-covid-19-related-stress/article34495597.ece The Reserve Bank of India (RBI) has allowed lenders to extend the facility for restructuring existing loans of micro, small and medium enterprises
Biden’s travel ban on India beggars belief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/rajkamal-rao/a-ban-most-unfair/article34501059.ece The blanket rule affects a vast swath of Indians simply because they happen to be in a country fighting a grave health crisis
On hold – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/on-hold/article34500577.ece FPIs are unlikely to return in strength until the Covid second wave ebbs and the economy stabilises Global liquidity, induced by monetary easing
FPIs increase their bets on private banks in FY21 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/fpis-increase-their-bets-on-private-banks-in-fy21/article34501356.ece Betting on strong earnings and growth prospects coupled with better asset quality experience and operating performance, foreign portfolio investors (FPIs) have increased their
Interview: Vidit Aatrey, co-founder and CEO, Meesho – The Financial Express
Clipped from: https://www.financialexpress.com/brandwagon/interview-vidit-aatrey-co-founder-and-ceo-meesho/2247501/ ‘We want to bring 10 crore SMBs online’ Other than fashion and lifestyle, grocery will be our third key vertical for the next
Managing FX risks on imports – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/managing-fx-risks-on-imports/2247412/ While the premiums are, in general, higher than the average depreciation, they are substantially lower than the worst depreciation (to tenor) that we
SMEs: Why do they numerically dominate an economy despite heavy odds for their operations – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/smes-why-do-they-numerically-dominate-an-economy-despite-heavy-odds-for-their-operations/2246675/ SMEs emerge rapidly at varying rates, irrespective of times, and nations, primarily owing to locational influences, process influences, and market influences. Of late,
ECLGS 3.0: Hospitality MSMEs urge govt for changes in borrower status, calculation of outstandings, more – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/eclgs-3-0-hospitality-msmes-urge-govt-for-changes-in-borrower-status-calculation-of-outstandings-more/2247086/ Ease of Doing Business for MSMEs: The Finance Ministry had on March 31, 2021, introduced ECLGS 3.0 to cover enterprises in hospitality, travel
Govt buying from MSEs declines for second consecutive year even as share in overall procurement jumps – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/govt-buying-from-mses-declines-for-second-consecutive-year-even-as-share-in-overall-procurement-jumps/2247301/ The share of public procurement from MSEs has been on an upward trajectory from as low as 12 per cent in FY15 to
Ethereum now more valuable than Visa, JPMorgan Chase; Bitcoin-rival among top five financial services – The Financial Express
Clipped from: https://www.financialexpress.com/market/ethereum-now-more-valuable-than-visa-jpmorgan-chase-bitcoin-rival-among-top-five-financial-services/2247384/ Ethereum has exploded in the past 12 months. The price has increased over 16 times from $206 as of May 7, 2020, to
Roadmap for MSMEs’ survival amid Covid 2.0: What govt must immediately do to tackle impending setback – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/roadmap-for-msmes-survival-amid-covid-2-0-what-govt-must-immediately-do-to-tackle-impending-setback/2247439/ The government should abolish the mandatory requirement of CIBIL score for extending loan facility and instruct banks not to consider the past performance
Supply-chain: Solar industry crimped by supply chain and logistical challenges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/solar-industry-crimped-by-supply-chain-and-logistical-challenges/articleshow/82398275.cmsSynopsis The solar industry is facing a constellation of issues this year including higher prices for steel and aluminum, as well as elevated freight
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