The country is going through an unprecedented countrywide three-week lockdown starting from March 25, 2020. Prior to that too, several state governments had shut down
Category: RBI–Banks
Coronavirus impact: Govt steps in to support export industry amid job loss fears–Business Today
The commerce ministry on Saturday said it has taken several measures to address hardships faced by exporters due to COVID-19 pandemic, a day after an
Banks offer no relief, NBFC might be unable to service ballooning debt of Rs 1.75 lakh crore – The Financial Express
The move is expected to put severe liquidity stress on NBFCs with almost Rs 1.75 lakh crore debt obligations maturing by June. While non-banking finance
Banks seek govt guarantee for lending to some sectors – The Financial Express
Speaking with representatives from the real-estate industry over a video conference, Kumar said this guarantee-based model is ideal in the current circumstances. Banks have asked
Banks will be on tighter leash post Covid: Deepak Parekh – The Economic Times
KOLKATA: The Covid 19-crisis is multi-faceted one with implications on human health, economy and finances and it may take at least nine months to recover
Plea in SC challenging RBI circular on 3-month moratorium on loan repayment – The Economic Times
NEW DELHI: A petition was filed in the Supreme Court on Saturday seeking direction on setting aside the RBI‘s March 27 circular on three-month moratorium on loan repayment between March
Ready to help India in dealing with Covid stress if asked, says Raghuram Rajan – The Economic Times
A straightforward yes is what former RBI governor Raghuram Rajan told a private news channel on being asked if he would return to India if his expertise was required
Keep bank a/c standard, clear inventories, improve perception: SBI chief to real estate – The Economic Times
State Bank of India Chairman Rajnish Kumar on Saturday exhorted real estate firms to keep their bank account standard, clear inventory as soon as possible and improve
Banking – Banking/Finance – Industry – The Economic Times
A round four years ago, Romesh Sobti, the then managing director of IndusInd Bank, had invited the lender’s top management for an exercise to draw
ADB pledges $2.2 bn to bolster India’s health infrastructure, MSMEs | Business Standard News
The Asian Development Bank (ADB) will provide India $2.2 billion (around Rs 16,000 crore) to help the country ramp up health infrastructure and bolster micro, small and
Cash cow to Achilles’ heel: The transformation of consumer lending business | Business Standard News
Rising income levels of consumers and their aspirational needs was the premise for lenders to ramp up this business Stress in the consumer lending business,
Coronavirus has dealt a ‘huge blow’ to MSME sector: Nitin Gadkari – The Financial Express
Nitin Gadakri also urged the officials to go all out for the assistance for MSMEs by revising and upscaling the schemes after proper third party
Loan securitisation deprives 1 cr retail customers of moratorium benefit: Report – The Economic Times
The former RBI boss says what the country faces today is an economic emergency. The state and Centre have to come together to figure out
Banking system: Covid-19 fallout: Rate transmission a far cry despite liquidity overhang – The Economic Times
Mumbai: Surplus cash in the banking system has surged to as much as Rs 4.74 lakh crore, surpassing liquidity levels seen four years ago during the demonetisation period. But, the
View: India needs a set of fiscal measures, and granular back-to-work protocols, to save both lives and livelihoods – The Economic Times
By Anu Madgavkar & Rajat Gupta The Covid-19 pandemic is the greatest health and humanitarian challenge the world has faced since World War 2. In response, India
CII, lockdown, Covid, Covid-19, GDP, MSME – The Hindu BusinessLine
To lift the lockdown in a safe and calibrated manner, the Confederation of Indian Industry (CII) has suggested the need for fiscal support package for
Banks should be permitted to fund unpaid interest and reschedule loans, says RBI Central Board Director – The Hindu BusinessLine
K Ram Kumar Mumbai | Updated on April 09, 2020 Published on April 09, 2020 To help the economy overcome the twin blows of lockdown and slowdown triggered by
Industry shutdown must end | Business Standard Column
The International Labour Organization (ILO) made an important point on Wednesday: that immediate efforts are needed to support formal workers and enterprises to ensure that
Tata Sons: Tata companies told to conserve cash, go slow on capex – The Economic Times
MUMBAI: Tata Sons has undertaken a swift review of all group companies amid the ongoing Covid-19 crisis to ensure sufficient liquidity. The holding company of the $113
Keep status quo on asset classification: HC to banks – The Economic Times
Kolkata: The Delhi High Court has given some relief to companies that have missed a loan repayment or two but whose loans were not classified as ‘bad’ by
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