Clipped from: https://www.business-standard.com/article/opinion/handle-debt-with-care-121020402057_1.html Overall fiscal position can increase risks The fiscal deficit numbers announced in the Union Budget have surprised almost all analysts. According to the revised estimates,
Category: RBI–Banks
rbi rates: RBI holds rates steady: Here’s the fine print from MPC’s last meet in FY21 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/reserve-bank-of-india-holds-rates-steady-maintains-accommodative-stance/articleshow/80700459.cmsSynopsis The repo rate or RBI’s key lending rate was held at 4% while the reverse repo rate or its borrowing rate was left
Bank complaint: Single body for complaints against banks, NBFCs, pre-paid card issuers from June 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/single-body-for-complaints-against-banks-nbfcs-pre-paid-card-issuers-from-june-2021/articleshow/80701927.cmsSynopsis Currently, there are separate ombudsmen for banks, non-banking finance companies and prepaid card issuers. The move is aimed at providing an efficient dispute
RBI conducting independent assessment of true NPA picture: Governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-conducting-independent-assessment-of-true-npa-picture-governor-shaktikanta-das/articleshow/80706147.cmsSynopsis The Economic Survey had last week called for another round of asset quality review when the Covid related forbearance is lifted. The survey
Let there not be any doubt, RBI will manage high govt borrowing in FY22: Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/let-there-not-be-any-doubt-rbi-will-manage-high-govt-borrowing-in-fy22-shaktikanta-das/articleshow/80707688.cmsSynopsis The governor said the extraordinary event of the pandemic has resulted in deviation from the fiscal consolidation road map and declined to comment
RBI liquidity: RBI bond buys, dispensation to banks to offset CRR withdrawal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/how-does-rbi-propose-to-deal-with-liquidity/articleshow/80710236.cms SynopsisThe Reserve Bank of India on Friday promised abundant liquidity to calm market nerves, after yields surged past 6% recently amid apprehension of
Will transfer Rs 2.2 lakh crore NPAs to ‘bad bank’: Financial services secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/will-transfer-rs-2-2-lakh-crore-npas-to-bad-bank-financial-services-secretary/articleshow/80701298.cmsSynopsis Financial services secretary Debasish Panda is responsible for implementing some of the key measures – from privatising two banks and a general insurer
RBI monetary policy: Government-RBI jugalbandi playing out well, says SBI MD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/government-rbi-jugalbandi-playing-out-well-says-sbi-md/articleshow/80708106.cmsSECTIONSGovernment-RBI jugalbandi playing out well, says SBI MDByMythili Bhusnurmath,Last Updated: Feb 05, 2021, 05:28 PM ISTSynopsis NBFCs play a very critical role as far
What financial experts think about RBI’s new window for retail investors to buy-sell govt bonds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/what-financial-experts-think-about-rbis-new-window-for-retail-investors-to-buy-sell-govt-bonds/articleshow/80706103.cmsSynopsis Encashing direct investments in gilts quickly could be more difficult than encashing gilt mutual fund units. Direct investment in Gilts can be considered
Taking a loan against credit card? Here is what you should be aware of – The Financial Express
Clipped from: https://www.financialexpress.com/money/taking-a-loan-against-credit-card-here-is-what-you-should-be-aware-of/2188791/ Even though various banks and credit card providers offer top-up loans to individuals against their credit cards, however, one needs to have a
RBI provides new incentives for commercial banks to lend to MSMEs–RBI MONETARY POLICY–the economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/monetary-policy-rbi-provides-new-incentives-for-commercial-banks-to-lend-to-msmes/articleshow/80701254.cmsSynopsis The move will facilitate more fund flow for a sector which has been facing acute financial crunch in the aftermath of the pandemic.
Handle debt with care | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/handle-debt-with-care-121020402057_1.html Overall fiscal position can increase risks The fiscal deficit numbers announced in the Union Budget have surprised almost all analysts. According to the revised estimates,
RBI’s monetary and Centre’s fiscal policy are moving hand-in-glove | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-s-monetary-and-fiscal-policy-moving-hand-in-glove-121020500686_1.html RBI has done exceptionally well in managing government’s extended borrowing this year when fiscal deficit has shot-up to 9.5 per cent of GDP
Inflation, Budget and its implications: RBI’s two guiding forces on rates | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/inflation-budget-and-its-implications-rbi-s-two-guiding-forces-on-rates-121020500358_1.html The other signals expected from the policy related to the rollback of measures announced during the pandemic The guiding forces for Friday’s monetary
Inflation worries play on RBI’s mind, dampen mood of bond market | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/inflation-worries-play-on-rbi-s-mind-dampen-mood-of-bond-market-121020500591_1.html Higher inflation projection rules out any rate cut possibility in the first half of FY22; bond yield jumps Reserve Bank of India governor
RBI keeps rates unchanged, invites retail investors directly to gilt mkt | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-keeps-rates-unchanged-invites-retail-investors-directly-to-gilt-mkt-121020500375_1.html The RBI said it will restore the cash-reserve ratio to its normal levels in two phases, 3.5 per cent (from 3 per cent
Spike in India bank’s stressed loans slower due to govt measures: Moody’s | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/spike-in-india-bank-s-stressed-loans-slower-due-to-govt-measures-moody-s-121020500796_1.html Ample domestic liquidity, loose monetary policy, moratoriums on loan repayments and government guaranteed loans to small businesses have supported Indian banks’ asset quality
Proposed ARC to be adequately capitalised, says CEA – The Financial Express
Clipped from: https://www.financialexpress.com/economy/proposed-arc-to-be-adequately-capitalised-says-cea/2188138/ Moreover, since the ARC-AMC will be a private entity, the decision-making is expected to be swift, as its proposals need not be vetted
Shot in the arm for banking reform–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/shot-in-the-arm-for-banking-reform/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The budget proposals to strengthen public sector banks
wilful defaulters: Banks wrote off Rs 62,000 cr loans of top 100 wilful defaulters as of March 20: RBI tells RTI activist – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-wrote-off-rs-62000-cr-loans-of-top-100-wilful-defaulters-as-of-march-20-rbi-tells-rti-activist/articleshow/80691379.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Data the Reserve Bank of India shared with Right to Information Act activist Biswanath Goswami showed that Mehul Choksi-owned Gitanjali Gems was the
