The bank will give 10 per cent of a borrower’s existing Fund Based Working Capital Limits as loan Banks are likely to follow State Bank
Category: RBI–Banks
Loan holiday, interest rate reduction essential to tide over coronavirus crisis–Business Today
A fiscal package is warranted to support the job losses due to halting economy and sector specific revival plans. While heavy lifting is required at
Time for RBI to buy corporate bonds
Time for RBI to buy corporate bonds The Reserve Bank of India (RBI) has been vigorously conducting open market operations (OMO) and purchasing government bonds
From KYC to KYB – know your bank | Business Standard Column
For quite some time now, most senior bankers working for government-owned banks have been suffering from a fear psychosis. Now the paranoia has spilled over
Government bid to ease MSME pain, 50% wage relief for workers – Times of India
NEW DELHI: The government’s immediate focus is now centred on providing relief to sectors hit hard by the Covid-19 outbreak, with suggestions for a 3%
HDFC sees lower credit card spend – The Hindu
Card metrics for March show slump, says UBS report Private sector lender HDFC Bank, the largest issuer of credit cards in the country, is witnessing
Fiscal lift needed: The extraordinary scale of disruption caused by Covid-19 requires a sharp fiscal response
The economic consequences of the Covid-19 outbreak are unprecedented. Governments across the world are in uncharted waters, and we could be looking at a Great
Rs 2000, Rs 500, Rs 200 or any note can spread Coronavirus! SBI Research suggests an alternative – The Financial Express
In order to prevent the spread of novel Coronavirus through cash, SBI Research has suggested the government to examine the possibility of using polymer currency
covid: Covid-19: Why India needs a stimulus package quickly – The Economic Times
Recently, a group of professional associations appealed to the finance ministry for an extension to the March 31 deadline for paying disputed tax, under the
Ashish Gupta: The man who saw India’s banking crisis early warns of new peril – The Economic Times
The government-backed rescue of Yes Bank Ltd., until recently India’s fourth-largest private lender, may further reduce banks’ willingness to provide credit to the economy. Ashish
MSMEs: Govt mulls late repayment of loans for MSMEs to tide over coronavirus impact – The Economic Times
New Delhi: The government is mulling measures like allowing late repayment of loans by the micro, small and medium enterprises to support the sector amid
coronavirus impact: Indian banks seek easier loan repayment, NPA classification due to Covid-19 – The Economic Times
MUMBAI: Indian bankers want the regulator to ease rules on loan recovery timelines to give borrowers the breathing space and monetary health they need to
The Yes Bank mystery–Times of India
The happenings in Yes Bank have a very mysterious look about them. The only thing that stands stark naked is that thousands of crores belonging
MSME layoffs: MSMEs prepare for layoffs, closures, if impact is felt beyond April–Economic Times
MUMBAI: Medium and small businesses are bracing themselves for extended pain, layoffs, and even closure if the Covid-19 pandemic continues beyond April as they lack
SBI announces emergency credit line in light of COVID-19 – The Economic Times
Mumbai: India’s largest lender State Bank of India became the first bank to open an emergency credit facility for borrowers affected by the Coronavirus outbreak.
MSME lending: How data-driven access to online loans will empower small businesses – The Financial Express
By Alok Mittal Credit and Finance for MSMEs: Narayan was in dire need of working capital funds to manage booming demand at his restaurant. However,
Why have private bank stocks fallen sharply? – The Hindu BusinessLine
While IndusInd has fallen 70% since January, HDFC Bank, ICICI Bank and Axis Bank have lost 30-40% this year The turbulence in the stock market
Global health crisis needs multilateral response – The Hindu BusinessLine
Monetary policy alone cannot stop a coronavirus-induced recession. A coordinated public policy focussed on health is needed Back in September, the UNCTAD’s flagship publication, the
RBI sets contingency plan in motion, identitifies property to host personnel – The Hindu
Aim is to protect financial markets The Reserve Bank of India (RBI) has put in motion a contingency plan in the wake of the spread
Parley | Should distressed private banks be saved by PSBs? – The Hindu
It should be the last resort, but right now, the government is facing severe fiscal constraints A day after the government imposed a moratorium on
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