Suspending IBC for an extended period would destroy it Indian banks are reportedly planning to suggest to the government that all the pending cases under
Category: RBI–Banks
PM Modi finds ways to attract foreign investors to India; suggests ministries to do this – The Financial Express
PM Modi said that the action should be taken for a more proactive approach to handhold the investors. PM Modi discussed strategies to attract more
Crisil expects gross NPAs to rise by 150-200 basis points this fiscal – The Financial Express
Crisil expects GNPAs for the financial year 2020 to remain at 9.5%. Considering the Covid-19 impact, Crisil has projected GNPAs in the range of 11-11.5%
Renew the pledge | The Indian Express
More than ever, the rights of workers, vulnerable need to be secured. The COVID-19 pandemic is haunting the world. It has been devastating the lives
startups: Industry body urges government to create Rs 25,000-crore fund for startups – The Economic Times
An existing Rs 10,000 crore fund-of-funds, which is currently being administered by the Small Industries Development Board of India (Sidbi), should be rolled into it
Govt plans to launch initiatives to boost exports from MSME sector: Official – The Economic Times
MSME Secretary Arun Kumar Panda said talks were on with NITI Aayog to rank states on the basis of 4Es including employment generation, enterprise creation,
Bankers want govt guarantee on incremental loans to MSMEs – The Economic Times
Banks are currently offering 10% of outstanding loans to MSMEs as additional working capital at a concessional rate to help them tide over the temporary
PM Modi: View: Desperate India may now need Modi to do a Roosevelt – The Economic Times
Every nudge by the Reserve Bank of India to make lenders take credit risk has fallen flat. Small Indian companies getting decimated by the world’s
Graded opening of economy needed to protect livelihood, says Amitabh Kant – The Economic Times
“Possible Road Ahead: Hyper-localisation in Red areas with ruthless containment; 2.Physical distancing & Masks =New Fashion; 3.Virus can bounce back; 4. Look after 60+with Co-morbidity;
gold loan: Rush for gold loans seen as Indians seek refuge from slowdown – The Economic Times
Indians may borrow more against their stash of gold as the world’s biggest lockdown raises financial stress in an economy that’s set for its first contraction in
Banks lend whopping Rs 1.15 lakh crore to NBFCs in March – The Economic Times
Summary Banks lend whopping Rs 1.15 lakh crore to NBFCs in March, the highest on month since 2008. Banks were initially reluctant to lend to NBFCs
Dear Prime Minister, for God’s sake, please don’t let this crisis go to waste – The Economic Times
At the end of the day, this is not where the world wanted to be in 2020. Away from the public health issue, from an
‘Make bold decisions’: P Chidambaram urges Centre to announce wage protection package – The Hindu BusinessLine
If businesses do not see hope, they will decide to close Former Finance Minister and senior Congress leader P Chidambaram said that in the absence
RBI’s liquidity lifeline won’t solve debt MFs’ structural problems – The Hindu BusinessLine
Both SEBI and MFs need to thrash out a durable solution to the mismatch in corporate bond funds that doesn’t involve borrowing The Reserve Bank
Rights issue renunciation: FinMin raises the pricing bar for non-residents – The Hindu BusinessLine
Non residents can’t take the benefit of free pricing by companies The pricing regime for non-residents acquiring shares out of Rights Issue renunciation by resident
Not many opting for loan moratorium, say banks – The Hindu BusinessLine
328 companies have opted for facility, says ICRA; SME segment keen to avail benefits Though the Reserve Bank of India has allowed companies to opt
Buy bonds that banks shun, RBI–Economic Times
The difficulty some of India’s best regarded non-banking financial companies (NBFCs) have had in raising debt shows that much more needs to be done than
MSMEs: ‘Hand-to-mouth’ crisis for MSMEs fuels calls for more fiscal aid in India – The Economic Times
As the cash-flow for MSMEs dries up, and in the absence of any fiscal support, many will be forced to cut jobs to curb costs.
We need legislative and institutional reforms to avoid a repeat of panic in debt mutual funds – The Economic Times
In addition, these recent crises need to be used as a trigger for basic regulatory and banking reforms. FT’s decision led to a mild panic
Announce the stimulus, now – analysis – Hindustan Times
It must be geared towards all businesses, not just one segment. There are indications that the government is working on a stimulus. Besides the fact
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