Clipped from: https://www.thehindubusinessline.com/news/sc-seeks-response-of-centre-rbi-on-plea-of-pnb-against-disclosure-of-info-under-rti/article35123118.ece The RTI Act empowers the RBI’s central public information officer (CPIO) to seek information from banks for information seekers. The Supreme Court has
Category: RBI–Banks
Five reasons why India needs to add to record forex pile – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/five-reasons-why-india-needs-to-add-to-record-forex-pile/article35091273.ece?homepage=true The pile touched a record $608 billion last month The rise in India’s foreign exchange reserves to above $600 billion may not be
India’s balance of payments situation is comfortable despite the recent moderation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indias-balance-of-payments-situation-is-comfortable-despite-the-recent-moderation/2282318/ Import bill manageable if crude oil remains under $80/barrel; no big FPI pullouts if Fed sticks to normalisation calendar The surplus in the
MSME Minister Gadkari: Retailers and traders to be included under the MSME sector – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-minister-gadkari-retailers-and-traders-to-be-included-under-msme-sector/2282687/ Ease of Doing business for MSMEs: Wholesale and retail trading activities were earlier classified as MSMEs but a gazette notification dated June 2017
The economics of loan guarantees – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-economics-of-loan-guarantees/2282335/ The Centre’s credit guarantee scheme pushes down the interest rates on savings as also PSBs’ interest income Now, guarantees have been going out
Lenders looking to enforce guarantees of former promoters of Aircel | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/lenders-looking-to-enforce-guarantees-of-former-promoters-of-aircel-121070100975_1.html Maxis gave Rs 12,000 cr guarantees to SBI Lenders of Aircel Ltd are looking at the option to invoke the corporate guarantees given by the
Yield to the market – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/yield-to-the-market/article35041261.ece RBI’s yield curve management is keeping borrowing rates in check, but there could be negative fallouts The Reserve Bank of India’s ongoing battle
A kind of relief | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/centre-coronavirus-second-wave-stimulus-nirmala-sitharaman-7381809/ Centre leans heavily on credit guarantees to aid the economy. Direct demand side support remains minimal. The actual fiscal outgo on account of
In stimulus, the helping hand: FM’s policy of guaranteed loans to urban poor is superior to other welfare schemes
Clipped from: https://timesofindia.indiatimes.com/blogs/et-commentary/in-stimulus-the-helping-hand-fms-policy-of-guaranteed-loans-to-urban-poor-is-superior-to-other-welfare-schemes/ Among proposals announced by FM Sitharaman on Monday, an important element is the credit guarantee scheme to incentivise microfinance institutions (MFIs) to lend
FX reserves strong enough to absorb shocks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fx-reserves-strong-enough-to-absorb-shocks/article35041329.ece?homepage=true But the RBI, in its urge to maximise returns, should not invest the forex reserves in risky market instruments India today has above
Some credit support, but little stimulus – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/some-credit-support-but-little-stimulus/2280137/ Additional spending may be just a tenth of headline number; credit guarantee will help small businesses & Covid-hit sectors One appreciates the government’s
RBI in a bind amid weak growth, surging inflation; may not hike rates till Q1 FY23: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rbi-in-a-bind-amid-weak-growth-surging-inflation-may-not-hike-rates-till-q1-fy23-report/articleshow/83952481.cmsSynopsis The central bank may hike the repo rate only by the first quarter of next fiscal (April-June 2022) and continue to maintain the
Economists doubt India’s new loan guarantees will boost growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/economists-doubt-indias-new-loan-guarantees-will-boost-growth/articleshow/83942444.cmsSynopsis Industry leaders and economists said the new loan guarantees, amounting to $35 billion, may provide some temporary relief but would not be sufficient
Onus on banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/onus-on-banks/article35023455.ece?homepage=true Renewed credit push to informal sector welcome, but banks need to shed conservatism for the proposals to work The Centre’s credit-driven push to
The credit push | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-credit-push-121062801488_1.html Relief package is well-intentioned but won’t move the needle much Union Finance Minister Nirmala Sitharaman on Monday announced another set of measures to provide relief
Nirmala Sitharaman Announcements today: Expanded ECLGS, tourist visa, Atmanirbhar jobs among FM Nirmala Sitharaman’s new stimulus measures – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/nirmala-sitharaman-announces-eight-economic-relief-measures-among-others/articleshow/83916894.cmsSynopsis Union Finance Minister Nirmala Sitharaman addressed a press conference on Monday announcing eight economic relief measures, four of which are new including one
Start-ups raise $8 b in 5 months – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/start-ups-raise-8-b-in-5-months/article35006521.ece Investors continue to place bets on tech, retail and financial services: GlobalData Indian start-ups mobilised as much as $8.1 billion venture capital (VC)
Sustaining the nascent economic recovery – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/sustaining-the-nascent-economic-recovery/article35004715.ece Response to RBI’s liquidity stimulus has not been encouraging so far. It’s time for banks and private sector to push investments India is
PNB Housing’s wait for capital gets longer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/pnb-housings-wait-for-capital-gets-longer/articleshow/83902674.cmsSynopsis The proposal to raise Rs 4,000 crore in a share sale structure that aimed to balance the need for funds to grow and
Extension of directions, a setback to depositors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/extension-of-directions-a-setback-to-depositors/article35003374.ece?homepage=true The delay in accessing money is causing them a lot of anxiety amid the pandemic The extension of directions on scam-hit Punjab and
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