Clipped from: https://www.thehindubusinessline.com/money-and-banking/loan-restructuring-fidc-seeks-clarity-from-rbi-on-relief-measures/article34559946.ece Seeks moratorium up to an additional three years The Finance Industry Development Council (FIDC) has written to Reserve Bank of India Governor Shaktikanta
Category: RBI–Banks
Banks go after promoter trusts of firms having stressed loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banks-go-after-promoter-trusts-of-firms-having-stressed-loans/articleshow/82641931.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In the last few weeks, top banks have been making inquiries in certain cases where businesses have been hit hard by Covid and
Banks, RBI favour further cutback in small savings rates – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-rbi-favour-further-cutback-in-small-savings-rates/articleshow/82646853.cms Synopsis–The central bank has been struggling to keep bond yields from spiking in a year that will witness record government borrowing, with North
Accept and regulate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/accept-and-regulate/article34559933.ece The Centre needs to quickly finalise its policy on cryptocurrency trading The delay by the Centre in formulating a policy regarding trading and
Second Covid wave to hit banks’ growth harder than asset quality: Analysts – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/second-covid-wave-to-hit-banks-growth-harder-than-asset-quality-analysts/2252201/ “February and March were our best ever months in LAP, too. This has traditionally been an area where we have done well, both
Commodities are the cheapest asset class in the world now: Jim Rogers – The Economic Times
lipped from: https://economictimes.indiatimes.com/markets/expert-view/commodities-are-the-cheapest-asset-class-in-the-world-now-jim-rogers/articleshow/82627407.cmsSECTIONSCommodities are the cheapest asset class in the world now: Jim RogersLast Updated: May 14, 2021, 02:19 PM ISTSynopsis “If you can find the
RBI tells lenders to reconsider ties with crypto exchanges, traders | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-tells-lenders-to-re-consider-ties-with-crypto-exchanges-traders-121051300685_1.html The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the
God’s own patience: Meet Padmakumar Madhavan Nair, MD & CEO of NARCL | Business Standard News
lipped from: https://www.business-standard.com/article/finance/god-s-own-patience-meet-padmakumar-madhavan-nair-md-ceo-of-narcl-121051301337_1.html His staying power was in evidence during the groundwork for the resolution of the debt owed by Anil Ambani-controlled Reliance Communication which involved
MSME credit gap: How Bitcoin, Ethereum, other crypto investors may address small business liquidity crisis – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-credit-gap-how-bitcoin-ethereum-other-crypto-investors-may-address-small-business-liquidity-crisis/2251607/ Credit and Finance for MSMEs: Of Rs 95.69 lakh crore gross bank credit outstanding as of February 26, 2020, the share of MSE
Liquidity Crunch: New mechanism in the works to aid exporters – The Financial Express
Clipped from: https://www.financialexpress.com/economy/liquidity-crunch-new-mechanism-in-the-works-to-aid-exporters/2251629/ Given paucity of funds with govt, exporters to borrow at repo rate against MEIS entitlement As per the mechanism being explored, the government
Officers’ unions appeal to CVC to put annual transfers in PSBs on hold due to the pandemic – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/officers-unions-appeal-to-cvc-to-put-annual-transfers-in-psbs-on-hold-due-to-the-pandemic/article34549501.ece It will be very difficult for officers to shift to new locations amidst the Covid situation, say Unions Mumbai, May 13 The Unions,
The financial condition of PMC Bank continues to be precarious: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/the-financial-condition-of-pmc-bank-continues-to-be-precarious-rbi/article34550106.ece Liquidity position not improving enough to allow enhancement of withdrawal limit The Reserve Bank of India said any generalisation for release of funds
Retail loans constitute large share of loan recast by private banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/retail-loans-constitute-large-share-of-loan-recast-by-private-banks/article34549157.ece?homepage=true Overall restructuring of loans was low for most private sector banks; these banks have made sufficient provisions Even as Resolution 2.0 announced by
Cryptocurrency investors stuck as banks block transactions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency-investors-stuck-as-banks-block-transactions/article34552410.ece?homepage=true Banks have directed payment gateways not to process cryptocurrency-related transactions: Sources Cryptocurrency exchanges and investors are facing a new challenge with most banks
Risky rush – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-needs-to-do-all-it-can-to-steer-retail-investors-away-from-trading-in-risky-instruments/article34551816.ece SEBI needs to do all it can to steer retail investors away from trading in risky instruments Much has been written about the
The rise of cash a transient symptom – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/the-rise-of-cash-a-transient-symptom/articleshow/82612200.cmsSynopsis The huge increase in India’s cash in circulation during the pandemic is no cause for alarm. Central bank data shows that currency in
Auto retailers’ lobby writes to FM, RBI governor to request loan moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/auto-retailers-lobby-writes-to-fm-rbi-governor-to-request-loan-moratorium/articleshow/82604831.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Retailers, or dealers, make an upfront payment to automakers while purchasing vehicles and this is usually funded through loans with a payment cycle
Hiring for Debt Recovery Tribunals put on fast track – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/hiring-for-drts-put-on-fast-track/articleshow/82612485.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A government official confirmed this and said it was looking to appoint around 27 administrators, both as registrars and deputy registrars, in Delhi,
IDBI Bank to cap corporate exposure to Rs 500 crore: Here’re the details | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/idbi-bank-to-cap-corporate-exposure-to-rs-500-crore-here-re-the-details-121051300057_1.html The bank is also looking to grow its Rs 45,000 crore corporate book by about 10 per cent. Its capital adequacy stood at
G-SAP: Second tranche of bond buying worth Rs 35k cr on May 20, says RBI – The Financial Express
lipped from: https://www.financialexpress.com/economy/g-sap-second-tranche-of-bond-buying-worth-rs-35k-cr-on-may-20-says-rbi/2250843/ The first such auction of Rs 25,000 crore was held on April 15. After the Monetary Policy Committee meeting last month, RBI Governor
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