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
Category: RBI–Banks
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
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
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
Necessary, RBI, but not sufficient – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/necessary-rbi-but-not-sufficient/articleshow/82414410.cmsSynopsis What industry needs more than additional pools of liquidity is discretion with bank branch managers to decide what kinds of leniency their clients
RBI: RBI buying gold in a big way to diversify forex assets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/rbi-diversifies-forex-assets-with-42-tonne-gold-purchase-in-fy21/articleshow/82394036.cms Synopsis–The central bank ended FY21 with a valuation loss of its foreign exchange reserves as US treasury yields, where the bulk of the
RBI tells MFIs to improve governance, loan appraisal system; assesses pandemic-led stress – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rbi-tells-mfis-to-improve-governance-loan-appraisal-system-assesses-pandemic-led-stress/articleshow/82390392.cmsSynopsis The central bank governor Shaktikanta Das called on these lenders Monday to assess the ground level situation—going beyond the accounting numbers of micro
Why RBI’s G-SAP is a masterstroke – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-rbis-g-sap-is-a-master-stroke/article34481980.ece The OMO clone will facilitate govt’s big borrowing plan at a lower cost, by bringing certainty to timing & amount of bond buys
RBL Bank Q4 net profit down 34% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbl-bank-q4-net-profit-down-34/article34480127.ece Sharp rise in provisions and lower interest income hit bottomline Private sector lender RBL Bank reported a 34 per cent drop in its
Clamour for packages for banks and NBFCs grows | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/clamour-grows-for-covid-19-regulatory-package-from-banks-and-nbfcs-121050401071_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Senior bankers say the situation had become serious and it was tough to gauge the economic impact Lenders are seeking a three-month moratorium
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
Student loans: Going for an education loan? Key factors to know – The Financial Express
Clipped from: https://www.financialexpress.com/money/student-loans-going-for-an-education-loan-key-factors-to-know/2245813/ You should apply for a loan as per your current needs, future earning probability and collateral security availability The upper limit of an
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