From the current 14 working days in which state governments can be in overdraft continuously, RBI has decided to increase the number of days to 21 working
Category: RBI–Banks
Looking beyond the lockdown: Re-orient economic policy towards the poor | Deccan Herald
S G Vombatkere, Migrant workers carry sacks of groceries distributed at their workplace during a government-imposed nationwide lockdown as a preventive measure against the coronavirus.
Job cuts on anvil: Small, medium retailers may layoff this many employees as Covid-19 kills liquidity – The Financial Express
Skilling, Labour, Talent for MSMEs: Small and medium retailers in the country are heading towards manpower rationalisation amid financial pressure and liquidity crisis due to Coronavirus
RBI: Moratorium option should be for all: RBI – The Economic Times
Mumbai: The Reserve Bank of India (RBI) on Monday reached out to several banks and non-banking finance companies to say that borrowers should be considered ‘under moratorium by
SIDBI announces additional package for MSMEs to help fight against COVID-19 | Deccan Herald
The Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises
Pandemic will lead to demand, supply and financial market shock: Moody’s – The Hindu BusinessLine
The sectors that will see positive impact include remote communications; online media, online retail; sectors that benefit from supply chain relocation; and vaccine developers The
COVID-19 impact: Banks to witness spike in credit costs, non-performing assets in 2020
Banks in the country are likely to witness a spike in their non-performing assets ratio by 1.9 per cent and credit cost ratios by 130
Businesses likely to face challenges in preparing financial reports in FY21 | Business Standard News
On April 1 every year, businesses unroll their budgets and targets for the new financial year. This financial year — FY21 — is different. As a relief from the
Finance to the fore | Business Standard Column
The epidemic, and the responses to it, have created stress for a lot of firms. A sound financial system will put out a lifeline for
Time to invoke the FRBM escape clause: Rakesh Mohan – The Economic Times
The biggest question before policymakers today is a trade off between health and the economy. Given the ferocity of the pandemic, is it a question
urjit patel: India should keep public finances healthy: Former RBI chief Urjit Patel – The Economic Times
By Anirban Nag India must keep public finances relatively healthy to stave off a possible second wave of risks in the financial sector once the coronavirus crisis
How to restart the economy after the lockdown: Here’s how India can meet perhaps the greatest challenge of our times–Times of India
Economically speaking, India is faced today with perhaps its greatest emergency since Independence. The global financial crisis in 2008-09 was a massive demand shock, but
New headache for banks: Let the lenders decide on loan moratorium – The Financial Express
The better way to address the problem was to have left it to lenders to decide which customers would be eligible for the repayments holiday.
Rajan urges government to invite experts to deal with economic impact of COVID-19 – The Economic Times
Former RBI governor Raghuram Rajan has suggested to the government to call people with proven expertise and capabilities, including from opposition parties, to deal with
India reassures banks of capital infusion: Sources – The Economic Times
India has assured state banks it is ready to provide capital support as the coronavirus pandemic may lead to a surge in bad loans when
Centre tweaks rules to make inactive accounts functional – The Hindu
Aims to ensure cash transfer under COVID-19 relief reaches beneficiaries The Finance Ministry has tweaked prevention of money laundering (PML) norms with the aim to
SBI plans to appoint consultant for ‘competency assessment’ of 1,100 senior executives | Deccan Herald
State Bank of India (SBI) plans to hire a consultant for competency assessment and development of 1,100 senior officers for ensuring a sustainable competitive edge
Bonds decline on heavy government borrowing – The Hindu BusinessLine
Indian bonds dropped on concerns about a large government borrowing amid a nationwide lockdown that has diminished trading activity in the country’s financial markets. The
‘Exempt sales and service of farm equipment from lockdown’ – The Hindu BusinessLine
Farm machinery makers are seeking exemption from the lockdown to run their sales and service centres to cater to the farmers’ requirement during the rabi
Coronavirus: Trade credit insurance sector may see rise in claims | Business Standard News
So far, there has not been a noticeable impact of the current pandemic situation on trade credit insurance Non-life insurers are keeping a close watch
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