Clipped from: https://www.deccanherald.com/opinion/first-edit/rbi-drop-this-risky-move-921466.html The risks associated with allowing corporate ownership of banks are many Reserve Bank of India logo. Credit: Reuters Photo The proposal of an
Category: RBI–Banks
As RBI continues to buy dollars, rupee falls even as most Asian currencies rise – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/as-rbi-continues-to-buy-dollars-rupee-falls-even-as-most-asian-currencies-rise/article33207040.ece Loses 3.59% against dollar despite surge in FPI/FDI flows The weakness in the dollar following the large stimulus rolled out by the US
Corporate ownership of private banks: Has the train left the station? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/has-the-train-left-the-station-120113000012_1.html If indeed the gate opens for big industrial houses, the RBI needs to be smarter than them and demonstrate it through action, not
Government opposes further loan moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/government-opposes-further-loan-moratorium/articleshow/79457246.cmsSynopsis The government, through Solicitor General Tushar Mehta, told a bench led by Justice Ashok Bhushan that it had already extended the loan moratorium
Yes, What the Doctor Ordered, Gov Das–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/yes-what-the-doctor-ordered-gov-das/ RBI governor Shaktikanta Das spoke last week on the need for accelerating financial market reforms. It is imperative to do so, to bring
Dangerous suggestion: The Hindu Editorial On RBI suggestion to allow corporate houses to set up banks – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/dangerous-suggestion-the-hindu-editorial-on-rbi-suggestion-to-allow-corporate-houses-to-set-up-banks/article33172183.ece Industrial houses should not have access to household savings through their own banks Most often, reports prepared by the RBI’s internal working groups
‘MPC likely to keep rates steady’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/mpc-likely-to-keep-rates-steady/article33205554.ece?homepage=true Inflation and growth forecasts may be revised higher, says Barclays Securities The rate-setting Monetary Policy Committee (MPC) is likely to stand pat on
Don’t let bad boy billionaires become bankers
Clipped from: https://timesofindia.indiatimes.com/blogs/Swaminomics/dont-let-bad-boy-billionaires-become-bankers/ Netflix’s documentary ‘Bad Boy Billionaires’ related the lives and scandals of Vijay Mallya, Nirav Modi and Subrata Roy. All three businessmen had political
Officers’ organisations demand judicial probe – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/officers-organisations-demand-judicial-probe/article33187294.ece DBIL is the Indian subsidiary of the Singapore-based DBS. The organisations,in a joint statement, said: “It is a matter of concern how a
IBA asks Supreme Court to withdraw its NPA order – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/lending-institutions-have-returned-rs-4300-crore-in-compound-interest-sc-on-rbi-loan-moratorium-case/article33193378.ece The court adjourned the case to December 2 The Supreme Court on Friday disposed of a petition filed by Gajendra Sharma in the
RBI writes down LVB Tier 2 bonds: What are these bonds and why have investors been caught unawares? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-writes-down-lvb-tier-2-bonds-what-are-these-bonds-and-why-have-investors-been-caught-unawares/article33193293.ece Indian banks that made a mad dash to raise capital through Basel III compliant bonds in recent years, could face challenges in tapping
Bank credit to industry recorded negative growth in October: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/bank-credit-to-industry-recorded-negative-growth-in-october-rbi/article33194339.ece Credit to industry contracted by 1.7 per cent as compared with 3.4 per cent growth in October 2019, according to Reserve Bank of
Over Rs 10 lakh crore loans under Mudra Yojana created 51 lakh entrepreneurs between 2015-18: Irani – The Financial Express
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
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
