Extraordinary circumstances call for extraordinary responses. The Covid-19 crisis is nothing if not extraordinary. Responses are imperative to deal with the health crisis, cushion the
Category: RBI–Banks
Coronavirus lockdown: Rs 1-trn stimulus package for MSMEs on cards | Business Standard News
A second stimulus package the Centre is poised to announce in coming days will be worth around Rs 1 trillion and focus on help for
Gain some, lose some: What India’s Covid-19 relief package means for biz | Business Standard News
RBI cut the repo rate by 75 basis points on Friday, following the finance ministry’s announcement of a relief package worth Rs 1.7 trillion for
The long shadow of FY20 on Centre’s finances can not be missed by anybody | Business Standard Column
Just about a week into the new financial year, there is now more clarity on the enormity of the challenges the government will face with
Relief to construction workers: 18 states transfer Rs 1,000-5,000 each in 1.8 crore beneficiary A/Cs – The Financial Express
By: Surya Sarathi Ray | As on September 30, 2018, India had around 3.2 crore registered construction workers of which the highest were in Uttar Pradesh at
View: India can’t count on banks to lead virus recovery – The Economic Times
By Mihir Sharma The world’s largest lockdown is, as expected, taking a toll on the Indian economy. Fitch Ratings Inc. expects that India will grow only 2% in
covid-19: ‘Covid-19 the last nail in the coffin, this is the gloomiest time ever,’ say MSMEs – The Economic Times
Experts also suggest that since the availability of skilled labour will be an issue post such migration, MSMEs need to invest in low cost automation
Relief from moratorium and rate cuts are proving elusive for retail borrowers – The Hindu BusinessLine
As livelihoods suffer severe setbacks from Covid-19 and the state-imposed lockdown, Indian policymakers have been quite stingy with their direct support measures targeted at households.
70% of India’s economy hit by lockdown, 10 crore jobless, says Subhash Chandra Garg | Deccan Herald
“The 21-day lockdown would hit 70 per cent of India’s economy but has already rendered at least 10 crore workers of the mining, construction, manufacturing and
Force majeure does not extend expiry dates in letters of credit: Expert | Business Standard News
Q. Many of the letters of credit opened by foreign buyers on us for export of goods expire during the lockdown. We have made the shipments but
Lockdown and rewiring banks | Business Standard Column
With the spread of Covid-19, governments have mandated lockdowns and social distancing, thereby creating a paradigm shift in the working of banks, from a traditional
RBI tells states: Don’t worry, pay back your dues later; gives breather on repayment of dues – The Financial Express
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
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
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