Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-opens-liquidity-tap-for-banks-to-lend-to-contact-intensive-sectors/article34723941.ece?homepage=true Aid mainly for contact-intensive sectors; leaves repo rate unchanged; trims FY22 GDP growth forecast to 9.5% Even as it left the policy repo
Category: RBI–Banks
Slow and steady the way to Go, RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/slow-and-steady-the-way-to-go-rbi/articleshow/83214440.cmsSynopsis IL&FS, Dewan Housing Finance, HDIL — NBFCs have put up scandalous performance, creating a climate that legitimises drastic action, even makes its absence
P Chidambaram’s 5-point guide for Modi govt on how to fix Covid-battered economy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/p-chidambarams-5-point-guide-for-modi-govt-on-how-to-fix-covid-battered-economy/articleshow/83215411.cmsSynopsis he unemployment rate that was 5.48% in June 2018 has once again spiked to 11.86%. The Labour Force Participation Rate has fallen from
Micro lenders face rating downgrade risk amid second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/micro-lenders-face-rating-downgrade-risk-amid-second-wave/articleshow/83214875.cmsSynopsis Any such possible downgrades will likely raise MFIs’ funding costs compounding the problem of asset-liability mismatch at a time when collection efficiencies have
IBC review likely to keep promoters out – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/ibc-review-likely-to-keep-promoters-out/articleshow/83223260.cmsSynopsis The government will examine the Insolvency and Bankruptcy Code (IBC) to stop defaulting promoters from wresting back control of companies by exploiting apparent
More lenders opting for settlement offers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/more-lenders-opting-for-settlement-offers/articleshow/83223054.cmsSynopsis Lenders to debt-laden companies are increasingly opting for negotiated settlements with the defaulting borrowers as the absence of time-bound resolutions, significant haircuts on
The puzzle of the surge in currency-in-circulation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-puzzle-of-the-surge-in-currency-in-circulation/2264691/ We are perhaps looking at a scenario where high unemployment and high inflation coexist, like in the 1970s There may also be cases
Extended lifeline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/extended-lifeline/article34719958.ece ECLGS is a useful lifeline to stressed borrowers, but its expanding scope calls for checks and balances As the Centre weighs the need
Multiple petitions in SC for contempt of court proceedings against RBI Governor, others–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/multiple-petitions-filed-in-sc-for-contempt-of-court-proceedings-against-rbi-governor-others/story/440379.html The petitioners — M/s Azeez Trading Company, Umrazz Trading Corporation, Ajay Hotel and Restaurant, Latur, Maharashtra — have filed their plea through lawyer
Govt widens scope of Emergency Credit Scheme to help small businesses–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/covid-19-impact-govt-widens-scope-of-emergency-credit-scheme-for-small-businesses/story/440375.html The govt widened the net of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS), which will now provide concessional loans
Startup India: 5.5 lakh jobs created under PM Modi’s pet scheme so far; 1.7 lakh in FY21 alone–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/recognised-startups-created-17-lakh-jobs-in-fy21-says-centre/story/440764.html A total of 743 startups were recognised in 2016-2017, in the first year of the initiative, which has now increased exponentially to over
Revised ECLGS will help hotels, aviation sector, tour operators: Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/revised-eclgs-will-help-hotels-aviation-sector-tour-operators-crisil/articleshow/83194306.cmsSynopsis It will also support build-up of healthcare infrastructure, mainly oxygen availability, in tier-2 and beyond cities and the hinterland, the report by leading
Fraud charges: Dubai-based billionaire B R Shetty to drag BoB to court | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/fraud-charges-dubai-based-billionaire-b-r-shetty-to-drag-bob-to-court-121060201664_1.html Shetty is currently in India and trying to return to Dubai to take care of his businesses, but a travel ban issued by
Banks, asset managers want RBI to allow sale of fraud loans to ARC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-asset-managers-want-rbi-to-allow-sale-of-fraud-loans-to-arc/articleshow/83176692.cmsSynopsis Stakeholders believe that since there has been negligible recovery in such fraud cases from either the bankruptcy mechanism or the DRT, allowing such
Expect policy tightening only from September – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/expect-policy-tightening-only-from-september/2263964/ RBI must bat for growth, ensure govt is able to borrow at affordable rate Any change to a neutral stance or any hike
Monetary policy must remain accommodative – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/monetary-policy-must-remain-accommodative/article34710357.ece As the space for fiscal stimulus is limited, monetary policy needs to play a critical role until the growth outlook improves With the
Why supporting MSMEs during Covid -19 will help socially backward groups? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/why-supporting-msmes-during-covid-19-will-help-socially-backward-groups/article34701707.ece?homepage=true Govt data show that such groups own almost 66% of MSMEs With State governments imposing restrictions and lockdowns to control the second Covid-19
Fault lines in RBI’s surplus transfer to govt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fault-lines-in-rbis-surplus-transfer-to-govt/article34701274.ece?homepage=true The higher transfer is an attempt to lower the fiscal deficit, reduce borrowing cost and cushion the weak cash management The RBI’s account
Has RBI legitimised cryptocurrencies? Traders, banks think it has | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/has-rbi-legitimised-cryptocurrencies-traders-banks-think-it-has-121060100124_1.html Central bank goes beyond saying that its April circular banning virtual currencies is no longer valid. RBI clarification is a positive move, say
New margin norms weigh on volumes, brokers estimate 10-15% impact | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/new-margin-norms-weigh-on-volumes-brokers-estimate-10-15-impact-121060101079_1.html Industry players say biggest impact could be on derivative futures volume followed by cash market volumes The norms are being implemented in phases
aniltikotekar4sme.com 