Once bitten, twice shy: That’s the best way to describe wary savers who had parked their money in Yes Bank or PMC Bank, and are
Category: RBI–Banks
Nirmala Sitharaman: Tax filing dates extended, business rules eased, ATM, bank charges waived off in Covid relief measures. Here are key announcements by Nirmala Sitharaman – The Economic Times
Here are the key announcements: Tax measures *For Financial year 2018-19, last date for returns extended to June 30, 2020. Delayed payments made till June
covid-19: Omidyar Network India announces Rapid Response Funding for Covid-19 – The Economic Times
MUMBAI: Omidyar Network India has announced a call for proposals for rapid response funding to tackle the challenges posed by the Covid-19 situation and the
yes bank crisis: Former RBI governor Bimal Jalan blames Yes Bank for the crisis – The Economic Times
New Delhi: Former RBI governor Bimal Jalan has blamed Yes BankNSE -12.33 % for the crisis at the private lender and said some steps could
Covid-19: Can RBI mimic Fed’s actions to bring economy back on track? – The Hindu BusinessLine
RBI may have to don the lender’s suit as desperate times call for desperate measures The US Federal Reserve went full throttle on Monday, announcing
YES Bank AT1 bonds write-down exposes gaps in our ratings systems, yet again – The Hindu BusinessLine
The regulator will have to take rating agencies to task and impose strict penal action for their murky role in recent episodes Even as depositors
Social distancing a luxury that workers on Rs 152 a day can’t afford – The Economic Times
By Bibhudatta Pradhan and Archana Chaudhary Baby Devi has already lost 80% of her monthly earnings to the spread of the coronavirus — and the
aditya puri: Economy in ICU, says HDFC Bank chief, but downplays Covid risks to loan quality – The Economic Times
India’s longest serving bank chief Aditya Puri on Monday said that it was just a matter of time before the RBI and the government give
coronavirus lockdown violation: Venturing out during a lockdown? You may be booked under these clauses – The Economic Times
Strict adherence to government order has become the need of the hour. As the nationwide count crossed 430, various state governments have ordered a complete
Coronavirus outbreak: Bimal Jalan pitches for fiscal stimulus – The Economic Times
NEW DELHI: Former RBI governor Bimal Jalan has pitched for fiscal stimulus to mitigate the impact of coronavirus outbreak which, he said, could lower India’s
On lending by banks to NBFCs, HFCs to be part of priority sector in FY21: RBI – The Economic Times
Mumbai, Mar 23 (PTI) The Reserve Bank on Monday said bank credit to registered NBFCs towards agriculture, MSEs and housing sector up to prescribed limits
7.3 million jobs at stake, restaurant body writes to Finance Minister for financial bailout package – The Economic Times
Last week, the NRAI had issued an advisory to all its members to shut down their dine-in operations till 31st March, 2020. Citing the possibility
Time for RBI to buy corporate bonds–Economic Times
The Reserve Bank of India (RBI) has been vigorously conducting open market operations (OMO) and purchasing government bonds in the secondary market, to shore up
MSMEs may not survive if cash flow problem occurs amid lockdown, FICCI tells govt; suggests steps – The Financial Express
Credit and Finance for MSMEs: As MSMEs stare at a bigger cash flow problem ahead if the current lockdown continues by the government, there is
Loans to MSMEs, India lockdown to make Axis Bank’s bad loans worse | Business Standard News
Even when Axis Bank posted a few quarters of losses in the past years, its stock price didn’t come crashing as it did on Monday.
Covid-19 impact: MSMEs require support to survive, says industry expert | Business Standard News
Over 22% of the over 75 Million MSME’s units in India will be shut if the lockdown in cities extends beyond 4 weeks and a
MSMEs in Pune auto hub demand government’s intervention to tackle financial crisis – The Hindu BusinessLine
Say Covid-19 is ‘last straw’ amid plunging sales About 12,000 MSMEs in Maharashtra’s auto hub have demanded the government’s intervention to tackle the financial crisis
Banks to provide relief to borrowers whose operations are impacted by Covid-19 outbreak – The Hindu BusinessLine
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
Modi’s local ‘champions’ to take Indian manufacturing to Rs 10 lakh crore; here’s govt’s mega plan – The Financial Express
Union Communications Minister Ravi Shankar Prasad said that two long term policy decisions have been taken to make India a big hub of manufacturing: first
FPIs: Coronavirus mayhem: FPIs pull out over Rs 1 lakh crore in March so far – The Economic Times
New Delhi: Foreign portfolio investors (FPI) have pulled out over Rs 1 lakh crore from the Indian capital markets in March so far amid heightened
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