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
Month: May 2021
Resolution of Covid stress of Individuals and Small Biz: RBI asks lenders to frame policies within a month – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/resolution-of-covid-stress-of-individuals-and-small-biz-rbi-asks-lenders-to-frame-policies-within-a-month/article34495622.ece Individuals who have availed of loans and advances for business purposes; and small businesses, other than those classified as micro, small and medium
AA framework offers UPI-style revolution in MSME financing – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/aa-framework-offers-upi-style-revolution-in-msme-financing/articleshow/82423717.cmsSynopsis Four private banks set to go live by July on account aggregator framework Private sector lenders IndusInd Bank, HDFC Bank, ICICI Bank and
RBI’s latest moves should help buffer small businesses against impact of second Covid wave, but much rests on banks – The Financial Express
lipped from: https://www.financialexpress.com/opinion/rbis-latest-moves-should-help-buffer-small-businesses-against-impact-of-second-covid-wave-but-much-rests-on-banks/2246650/ Bankers must be relieved the Governor hasn’t asked them to offer borrowers a moratorium on the repayment of interest and principal. To try
Atmanirbhar Bharat & the informal sector – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/atmanirbhar-bharat-the-informal-sector/2246639/ Reconciling the hand-to-mouth existence of units in the informal sector with their stipulated globally competitive role in the Atmanirbhar Bharat is a Herculean
Need cash support, more rural jobs to tackle Covid impact: Azim Premji University – The Financial Express
Clipped from: https://www.financialexpress.com/economy/need-cash-support-more-rural-jobs-to-tackle-covid-impact-azim-premji-university/2246774/ Azim Premji University has proposed the government to undertake additional spending to support extension of free rations beyond June till the end of
Markets may be ignoring banks’ NPA risk from second coronavirus wave | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/markets-may-be-ignoring-the-npa-risk-of-new-covid-and-sfb-loans-121050501219_1.html New measures allow banks to defer full recognition of NPAs, encourage lending to areas having high probability of defaults The RBI’s new measures
Foreigners won’t need PAN for investment in GIFT alternate investment funds | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/government-eases-gift-entry-for-foreign-investors-in-category-iii-aifs-121050500483_1.html PAN requirement will no longer apply to such investors The government has eased personal account number (PAN) requirements for foreign investors in the
Banks using unseen digital cash could bring down fees on foreign transfers | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-using-unseen-digital-cash-could-bring-down-fees-on-foreign-transfers-121050501360_1.html Blockchain technology used between banks to settle claims could significantly lower the cut taken from customers The digital assets would go on to
Parekh brings Infosys back to a position where it is bagging large deals | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/parekh-brings-infosys-back-to-a-position-where-it-is-bagging-large-deals-121050501345_1.html Analysts across the segment agree that Parekh’s presence and focus on recharging the company has worked Salil Parekh, CEO of Infosys It has
RBI’s relief: Hit by second Covid wave, MSMEs call for more support | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-s-relief-hit-by-second-covid-wave-msmes-call-for-more-support-121050501527_1.html According to them, measures such as revisiting classification of bad loans and clearing pending dues from government agencies are also required RBI governor
Trade bodies disappointed with RBI measures to fight Covid-19 impact–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/trade-bodies-disappointed-with-rbi-measures-to-fight-covid-19-impact/story/438327.html The Consortium of Indian Associations (CIA), a group of over 30 trade bodies and regional small and medium scale industry associations expressed disappointment
Bad debt! Banks, NBFCs sell LAP loans to asset reconstruction companies–business today
Clipped from: https://www.businesstoday.in/sectors/banks/bad-debt-banks-nbfcs-sell-lap-loans-to-asset-reconstruction-companies/story/438240.html The estimated LAP portfolio of banks and NBFCs is over Rs 6 lakh crore. Bankers suggest the gross NPAs in the LAP portfolio
15-year norm too liberal | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/second-edit/15-year-norm-too-liberal-982434.html RBI has decreed that the post of MD and CEO of a private bank cannot be held by the same individual for more
Lockdown unviable, COVID-19 vaccine the only solution; here’s why–business today
Clipped from: https://www.businesstoday.in/opinion/columns/lockdown-unviable-covid-19-vaccine-the-only-solution-heres-why/story/437900.html It is time policymakers and the national disaster management team sit together and find out how to ramp up existing domestic production of
Lend a hand | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/rbi-rs-50000-crore-support-healthcare-coronavirus-7303491/ RBI measures to ease flows to health sector, small businesses are welcome. Greater government support is needed. The central bank has provided an
RBI unleashes another round of quantitative easing to limit economic damage of the second wave–times of india
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/rbi-unleashes-another-round-of-quantitative-easing-to-limit-economic-damage-of-the-second-wave/Quick Edit TOI Quick Edits are written by a team of seasoned journalists from the Times of India’s Edit Page and TOI-Online who respond
Should India pile its reserves with gold? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/should-india-pile-its-reserves-with-gold/article34491705.ece While gold acts as a diversifier and does not carry any default risk, certain factors would warrant restricting the extent of holdings The
RBI’s rescue act | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-rescue-act-121050501378_1.html The move to avoid the moratorium route is a wise one The Reserve Bank of India (RBI) did most of the heavy lifting
GST shows signs of realising promise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/gst-shows-signs-of-realising-promise/articleshow/82414400.cmsSynopsis For the economy as a whole, gross value added is equal to gross profits plus wages and salaries. The same holds at the
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