Clipped from: https://timesofindia.indiatimes.com A report in the 27th May edition of Times of India says that the union government is considering the option of getting the Reserve
Category: RBI–Banks
Coronavirus Lockdown: Why Rs 5,000 crore credit facility for street vendors may fall short | Deccan Herald
Clipped from: https://www.deccanherald.com Financial relief in the form of loans is unlikely to work for a majority of street vendors The urban landscape in India will
MSME loans: Eligible MSMEs to get offer of pre-approved loan under Rs 3 lakh crore relief package – The Economic Times
Clipped from: https://economictimes.indiatimes.com It seeks to provide much-needed relief to the MSME sector by incentivising lending institutions to provide additional credit of up to Rs 3
Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 yrs: Fitch – The Economic Times
Clipped from: https://economictimes.indiatimes.com The impact of forced lending on banks’ impaired-loan ratios can be anywhere between 200 and 600 basis points (bps), depending on the severity
Indian economy to contract 5% in FY21, says S&P assuming COVID-19 peak by third quarter – The Economic Times
Clipped from: https://economictimes.indiatimes.com S&P Global Ratings forecast Indian economy to contract 5 per cent in the current fiscal. S&P Global Ratings on Thursday said the Indian economy will
Punjab approves reforms to avail additional borrowing of 1.5% of GSDP | Business Standard News
Clipped from: https://www.business-standard.com/ The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal The Punjab cabinet approved setting
India can tide over worst recession, but govt must be careful: Experts | Business Standard News
Clipped from: https://www.business-standard.com/ Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan’s SP Jain Institute of Management Research Former Reserve Bank of India
Labour pains: Thane’s MSMEs operating at 10-15% capacity amid lockdown | Business Standard News
Clipped from: https://www.business-standard.com The third of a five-part series looks at how lack of manpower and cash flow issues have put small units in dire straits
Do borrowers have any rights? | Business Standard Column
Clipped from: https://www.business-standard.com/ Can the bank take shelter under the omnibus problems caused by the Covid-19 crisis to indiscriminately cut down on the sanctioned credit limits
No need to worry about food inflation for six months, says expert – The Financial Express
Clipped from: https://www.financialexpress.com/ The buffer stock has been procured by the government at Rs 37 per kg and Rs 27 per kg for wheat, and this
Reserve Bank of India should keep its powder dry, use ammunition with caution: Former RBI governor D Subbarao – The Financial Express
Clipped from: https://www.financialexpress.com Subbarao explained that one thing about the current crisis around the world is that fiscal policy has no room but it has traction
Stimulus: The faster, bigger, the better–Economic Times
Clipped from: https://economictimes.indiatimes.com Dire forecasts of GDP growth plunging deep into the negative territory might or might not be precise, but precision is not the point.
GDP growth: India’s GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao – The Economic Times
Clipped from: https://economictimes.indiatimes.com Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said. The country’s economy, which is likely to
Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise – The Economic Times
Clipped from: https://economictimes.indiatimes.com Fitch Ratings has pegged the total capital requirement for India’s banking sector at $50 billion. MUMBAI: Indian banks may need to raise $20-50 billion
PSBs to provide emergency credit to MSMEs at 7.5% interest rate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Businesses, including micro, small and medium enterprises (MSMEs), with an annual turnover of ₹100 crore, are likely to get emergency credit at 175 basis
Supply chain blocks, lack of labour push MSMEs in Chennai to the brink | Business Standard News
Clipped from: https://www.financialexpress.com Data available with insolvency regulator IBBI show, proceedings in 2,170 cases were going on as of March 2020. Typically most of the insolvent firms are
Government proposal: MSMEs may seek own insolvency – The Financial Express
Clipped from: https://www.financialexpress.com Data available with insolvency regulator IBBI show, proceedings in 2,170 cases were going on as of March 2020. Typically most of the insolvent firms are
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens – The Financial Express
Clipped from: https://www.financialexpress.com/ The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies. RBI’s decision to extend
Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage
Clipped from: https://timesofindia.indiatimes.com Finance minister Nirmala Sitharaman has taken most observers by surprise by including wide ranging reforms in her stimulus package. Alongside, some states have
FM Nirmala Sitharaman’s MSME loans not disbursed–Economic Times
Clipped from: https://economictimes.indiatimes.com Finance Minister Nirmala Sitharaman presented a cleverly devised fiscal stimulus cum liquidity package of Rs 20 lakhs crore (10% of GDP) whose direct