The economic cost of the Covid-19 pandemic is going to be huge. A shutdown for a month literally means a hole of at least 8.5
Category: RBI–Banks
FinMin holds review meeting with banks; asks them to extend help within prudential norms | Deccan Herald
Finance Ministry on Monday held a review meeting with the heads of public sector banks, and instructed them to extend all possible help to all
Banks start offering loan moratorium to NBFC-MFIs – The Financial Express
Some private sector and foreign banks have begun offering the loan moratorium to their microfinance institution (MFI) borrowers, even as confusion prevails over whether the
Banks start offering loan moratorium to NBFC-MFIs – The Financial Express
Industry executives said that each bank is following its own strategy when it comes to offering the moratorium to MFIs. Some private sector and foreign
Up from 6 lakh accounts so far, govt aims at restructuring this many additional MSME loans soon – The Financial Express
Ease of Doing Business for MSMEs: MSME minister Nitin Gadkari has urged micro, small and medium enterprises to consider the current crisis as an opportunity instead
covid-19: Faircent launches ‘Anti Lockdown Loans’ to help ease liquidity pressure amid Covid-19 – The Economic Times
NBFC-P2P lender, Faircent.com, on Wednesday announced the launch of a new loan offering “Anti-Lockdown Loans” to help credit-worthy businesses and individuals access credit to meet their
Private lenders may lose deposits to PSBs due to Yes Bank bailout: Report – The Economic Times
MUMBAI: The Yes BankNSE -3.21 % rescue has undermined confidence of depositors in private sector lenders and will lead to smaller entities losing deposits to state-run banks,
Coronavirus impact on economy and market: It’ll take India 9 months to come out of virus crisis: Deepak Parekh – The Economic Times
It’ll take India 9 months to come out of virus crisis: Deepak Parekh He said that even as equity markets were badly hit, they will
P2P lending may solve India’s problem of financial inclusion but success depends on these key areas – The Financial Express
By Bharat Dureja Credit and Finance for MSMEs: The World Bank defines financial inclusion as making financial services and products such as banking services, insurance, investment
SBI seeks loan guarantees, extension of moratorium – The Economic Times
State Bank of India‘s Chairman Rajnish Kumar has sought government guarantees to enable banks to lend to companies to expedite a post-lockdown economic recovery in the aftermath of
Create fund, offer one-time restructuring to developers to revive realty sector: HDFC chief – The Hindu BusinessLine
To revive the fortunes of the moribund real estate sector, HDFC Chairman Deepak Parekh, on Tuesday, suggested measures, including the setting up a stressed real
Moody’s takes rating action on three NBFCs – The Hindu BusinessLine
Global rating agency Moody’s on Monday took rating action on three non-banking finance companies including Hero FinCorp, India Infoline Finance and Muthoot Finance amidst concerns about how
Covid-19 to derail affordable housing segment’s growth momentum: Report | Business Standard News
NCR has the maximum under-construction affordable housing stock with more than 1.87 lakh units With nearly 6.1 lakh affordable housing were under construction, the Covid-19 pandemic is
Barclays pegs economic cost of lockdown at $234 bn; sees no growth in 2020 | Business Standard News
Most analysts expect the government and the RBI to continue to provide stimulus to help stem the economic rout triggered by the Covid-19 pandemic Barclays has
Come September, bad loans will zoom | Business Standard Column
The Reserve Bank of India’s (RBI’s) December 2019 Financial Stability Report, a biannual health check for the banking industry, had predicted the gross non-performing assets (NPAs) rising
Trouble for NBFCs | Business Standard Editorials
The unprecedented nationwide lockdown to contain the spread of Covid-19, which halted economic activity, is affecting income and will make debt repayment difficult for both firms and
With SBI saying ‘no’, banks divided on relief to NBFCs – The Economic Times
The banking industry is split in the middle in offering moratorium on payments to the Non – Banking Finance Companies with one group extending the regulator blessed
5 lakh small, medium restaurants plead govt; seek immediate relief to survive Covid-19 – The Financial Express
Ease of Doing Business for MSMEs: Over 5 lakh restaurants in the country, almost all of which are MSMEs, have asked the government to fully waive
Make MSMEs strong | Deccan Herald
COVID-19 has accelerated the thinking triggered by worldwide economic slowdown that it is better for each country to fall back on domestic economies and import
Banks keeping three times more cash in network to avoid demonetisation like situation – The Economic Times
MUMBAI/NEW DELHI: Banks are keeping two-and-half to three times more cash across their network to ensure that there is no dearth of currency at branches or ATMs at a
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