While the Reserve Bank of India (RBI) has allowed borrowers a three-month repayment holiday for term loans, keeping insolvency proceedings in abeyance would be an
Category: RBI–Banks
Coronavirus impact on economy: Important constituents of the economy may suffer during Covid crisis in the absence of clarity – The Economic Times
India has been relatively conservative in extending fiscal measures to deal with the negative impact of COVID-19 on the economy. However, it has to take
RBI’s liquidity plan for non-bank lenders falters – The Economic Times
Summary “Given the lack of risk appetite in banks, a structure with partial credit guarantee by the government maybe the only viable option to ease liquidity
Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: Report – The Economic Times
Section 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year.
Nitin gadkari: Centre working on scheme to reimburse pending dues to MSMEs with interest: Gadkari – The Economic Times
In an interaction via video conferencing with the representatives of Bharat Chamber of Commerce, the minister for MSME and transport said the default on pending
Corporates miss vendor payments, bill discounting platforms see red – The Economic Times
Several large corporates which have issued ‘bills of credit’ are now demanding additional 30 to 60 days to honour their commitment. According to leading players
Fiscal package is overdue–Times of India
IMF has forecast that India’s economy in the current financial year will expand by 1.9%, the lowest level in about three decades. A couple of
Unparalleled global recession underway, twice as severe as 2009: Report – business news – Hindustan Times
Fitch said the slump in FY21 growth was mainly due to a projected fall in consumer spending to just 0.3 per cent in FY21 from
Covid shadow hangs heavy over insolvency proceedings – The Hindu BusinessLine
Besides denting valuation of assets, lockdown seen delaying resolution The hiatus in insolvency proceedings could have an adverse impact on the valuations of already stressed
A case against suspending IBC amidst Covid-19 crisis – The Hindu BusinessLine
A blanket ban on recourse through the IBC process will hurt genuinely affected lenders from recovering the debt owed to them. The IBC process must,
RBI relief for banks: More time given on review period, resolution of stressed assets – The Hindu BusinessLine
The Reserve Bank of India (RBI) has given a temporary breather to lenders on the Review Period as well as timeline for resolution of stressed
The RBI should do more to boost bank lending – The Hindu BusinessLine
Additional measures such as easing of prudential standards are needed for banks to expand credit during crisis times like Covid Building upon the measures announced
Helicopter money must be the last resort – The Hindu BusinessLine
The Centre can still consider a plethora of conventional means to make its stimulus effective and ramp up an ailing economy As the world grapples
Monetisation of govt’s fiscal deficit by RBI is tricky, say economists | Business Standard News
Sajid Chinoy, chief economist at JP Morgan, said any move to monetise the Centre’s fiscal deficit would lead to surplus liquidity to the tune of
Calibrated monetary, fiscal stimulus on anvil: Principal Economic Advisor | Business Standard News
International passenger travel would remain shut for a long time, not for weeks but for months, he said citing examples of sectors which will continue
The fiscal response challenge | Business Standard Column
In terms of policy response, governments and central banks are intervening aggressively in the advanced economies It is still difficult to gauge the actual magnitude
HFCs: Home alone | Business Standard Column
‘The burden of unsold inventory of over half a million housing units in the top 7 cities will worsen due to impact of the pandemic.
Banks readying debt recast for Covid-hit companies – The Economic Times
Bankers feel companies hit by the lockdown will need at least a year to recover. Mumbai: The Indian Banks’ Association (IBA) is finalising a special restructuring proposal
MSEs: Nearly 80 pc MSEs hit as economic activities come standstill amid COVID-19: Survey – The Economic Times
The survey showed that five out of 10 businesses would run out of their working capital within two months and they will depend on loans
Economy will take at least 12-24 months to recover: N Venkatram – The Economic Times
We are fortunate that the oil crisis is benefiting us, says CEO of Deloitte India. I would go beyond just looking at demand and supply
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