Clipped from: https://www.financialexpress.com/industry/sme/over-rs-10-lakh-crore-loans-under-mudra-yojana-created-51-lakh-entrepreneurs-between-2015-18-irani/2137539/ Addressing an awards ceremony virtually, the Minister for Women and Child Development and Textiles also thanked Covid warriors, many of whom died in
Category: RBI–Banks
Let us declare NPAs, banks to Supreme Court; govt pleads against sector-specific relief – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/let-us-declare-npas-banks-to-sc-govt-pleads-against-sector-specific-relief/2138363/ Meanwhile, the SC disposed of various petitions filed by individual borrowers who had expressed their satisfaction on the measures taken by the Centre
View: Why a rush from large corporate and industrial houses to own banks is still very unlikely – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-why-a-rush-from-large-corporate-and-industrial-houses-to-own-banks-is-still-very-unlikely/articleshow/79434638.cms Synopsis– Reactions to the recommendation allowing industrial houses to own banks have been strident. The main contentions being that India had eschewed large
Small banks fund raising: Why small banks may struggle to raise money via bonds post LVB debacle – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/why-small-banks-may-struggle-to-raise-money-via-bonds-post-lvb-debacle/articleshow/79450616.cms SynopsisPeople tracking the bond market said these banks could face heat as investors are likely to demand a higher premium with the regulator
ECLGS 2.0: Borrowers to repay principal amount in 48 installments post 1-year moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/eclgs-2-0-borrowers-to-repay-principal-amount-in-48-installments-post-1-year-moratorium/articleshow/79438893.cmsSynopsis The government termed the credit product under which the guarantee would be given as Guaranteed Emergency Credit Line (GECL), in the guidelines released
Atmanirbhar Bharat 3.0 package: ECLGS 2.0 scheme: Govt extends credit guarantee scheme to 27 sectors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/eclgs-2-0-scheme-govt-extends-credit-guarantee-scheme-to-27-sectors/articleshow/79439048.cmsSynopsis The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package. “Under
SC directs govt to implement its decision to forego interest on eight categories of loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/sc-directs-govt-to-implement-its-decision-to-forego-interest-on-eight-categories-of-loans/articleshow/79446057.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The eight categories of loans are MSME (Micro, Small & Medium Enterprises), Education, Housing, Consumer durable, Credit card, Automobile, Personal and Consumption. NEW
RBI has set precedence in LVB bond write-off, will hurt other banks: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-has-set-precedence-in-lvb-bond-write-off-will-hurt-other-banks-report/articleshow/79446013.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument
interest loan waiver scheme: Who is eligible for compound interest waiver during moratorium and how much will be the benefit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/who-is-eligible-for-compound-interest-waiver-during-moratorium-and-how-much-will-be-the-benefit/articleshow/78843816.cmsSynopsis The central government had earlier filed an affidavit in the Supreme Court stating that it would waive interest on interest on loans up
Maintaining the balance | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/maintaining-the-balance-120102500917_1.html MPC has enhanced the scope of policy debate The first meeting of the reconstituted monetary policy committee (MPC) raised several important issues and enhanced the
Is it curtains for the interest-waiver issue? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/is-it-curtains-for-the-interest-waiver-issue-120102500916_1.html Interest is not being waived and the benefit is extended to all – including those who have not availed of the loan moratorium.
EMI moratorium latest news: Didn’t skip EMIs during lockdown? Get cashback from your bank: Government
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/didnt-skip-emis-during-lockdown-get-cashback-from-your-bank-government/articleshow/78843824.cmsSynopsis The government on Friday spelt out the details of the waiver of interest on interest on loans up to Rs 2 crore where
Centre announces interest waiver scheme for loans up to Rs 2 crore – business news – Hindustan Times
Clipped from: https://www.hindustantimes.com/business-news/centre-announces-interest-waiver-scheme-for-loans-up-to-rs-2-crore/story-jZNh2ObQ55gTSzFQm7w5nO.html MSME loans, education loans, housing loans, consumer durable loans, credit card dues, automobile loans, personal, professional loans and consumption loans are eligible for
Looking at the canary: Do SBI Cards’ bad loans have a deeper meaning? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/looking-at-the-canary-do-sbi-cards-bad-loans-have-a-deeper-meaning-120102301285_1.html If Covid-19 causes a fresh havoc to government-bank finances, it could be back to the old story of large-scale losses prompting further capital
Monitoring end-use of funds: The missing link in credit risk management–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-commentary/monitoring-end-use-of-funds-the-missing-link-in-credit-risk-management/ Meera Aranha & Srinivas Reddy It has been an “accepted” practice in the Indian banking sector that customers borrow money from one bank
Punjab and Sind Bank reports account of IL&FS Financial Services (IFIN) as fraud account to RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/punjab-and-sind-bank-reports-account-of-ilfs-financial-services-ifin-as-fraud-account-to-rbi/articleshow/78833287.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Federal Bank expects spurt in NPAs in next two quarters if economic conditions do not improve Synopsis As against the usual rate of
It might take years for GDP to regain lost output: RBI MPC member | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-release-minutes-of-mpc-meeting-outlines-thinking-about-economy-120102300942_1.html The Reserve Bank of India releases minutes of the October 7-9 meeting of its monetary policy committee. RBI governor Shaktikanta Das predicted India’s
Loan revamp: Clubbing of sectors won’t help – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/loan-revamp-clubbing-of-sectors-wont-help/article32920821.ece RBI’s restructuring plan, based on the Kamath panel report, points to a one-size-fits-all approach. Many units will be left out A shrinking GDP,
Making a case for an active secondary market for corporate bonds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/view-making-a-case-for-an-active-secondary-market-for-corporate-bonds/articleshow/78815096.cms SynopsisSometimes, the most obvious reforms are those easily missed. The poor development of the secondary markets for corporate debt is an example. It
TLTRO scheme: Banks have to provide liquidity to eligible sectors via financial instruments – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/tltro-scheme-banks-have-to-provide-liquidity-to-eligible-sectors-via-financial-instruments/article32911523.ece The ‘on-tap’ TLTRO is a good move ahead of the festival season – REUTERS The ‘on-tap’ TLTRO is a good move ahead of
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