Page 17 - Anup Roy

RBI's curb on current account use may hit private banks in the short term

Move can also bring a huge change in the way business is done in India, where firms use multiple current accounts, often for even individual projects, making them difficult to monitor

One-time loan recast: Tricky road lies ahead for Kamath panel, say experts

Govt appoints four more members; norms in 30 days after recommendations

RBI names three other members in the Kamath committee on loan recast

The committee will also be fully empowered to consult or invite any person it deems fit, and can devise its own procedures for its internal functioning, the RBI said

Monetary policy: RBI measures preserved financial stability, says Das

The RBI's monetary policy committee has kept the repo rate unchanged at 4 per cent, amid rising inflationary pressure and a grim economic outlook

RBI hits pause button on monetary policy, applies balm on Covid-19 wounds

Decides to use future rate cuts "judiciously to maximise beneficial effects", gifts India Inc and individuals loan restructuring to ease pandemic-induced stress

Debt raising brings respite but financial condition is fragile: Economists

Taking advantage of low rates overseas and relatively relaxed norms by the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad

India has more scope for policy support despite limited fiscal space: IMF

Says the country's measures are tilted towards 'below-the-line' support such as food subsidy and other measures, rather than direct fiscal spending

Disconnect between financial markets and real sector growing: RBI report

Report says despite broad stability in financial markets, pandemic could amplify financial vulnerabilities, including corporate and household debt burden in the case of severe economic contraction

Economy may witness more pain as workers return and remittances fall

Getting back to their jobs abroad is uncertain for most workers now. This is particularly true for the Gulf region, from where over 60 per cent of India's remittances flow in

Not just banks, find other ways to finance infra, RBI guv tells India Inc

Lists progress achieved in infra space in past five years, stresses that funding of $4.5 trn by 2030, as estimated by NITI Aayog, cannot be done by banks alone

Make the most of emerging shifts in economy, RBI's Das to industry captains

RBI governor favours a domestic free trade in agriculture, says policies undertaken by govt should be able to encourage private investment in supply chain infra

The Indian banking system is safe, but NPAs may shoot up, says RBI

The gross NPA ratio may rise from 8.5 per cent in March to 12.5 per cent by March 2021, but could worsen to 14.7 per cent under a very severely stressed scenario. However, no bank will fail

Indian financial system sound but Covid could spike bad loans: RBI

Gross NPAs of banks may rise from 8.5% this March to 12.5% by March 2021 but could worsen to 14.7% under very severely stressed scenarios. However, no bank will fail, apex vank says in FSR

Govt's Zero MDR move has hit payments industry badly, says RBI committee

Panel believes move will discourage innovation, has already led to contraction in national gross value of services

Digital transactions could reach Rs 15 trillion a day by 2025: RBI

Daily transactions average 100 million now for a volume of Rs 5 trillion; just before Covid, they daily were averaging 125 million a day, or more than five times the volume in June 2016

Axis Bank Q1 profit down 19% on higher provisions, other income also dips

Gross non-performing assets (GNPA) stood at 4.72 per cent, compared with 5.25 per cent in the year ago quarter and 4.86 per cent in the fourth quarter

Demand for currency could rise despite digitisation, says RBI study

Analysts are predicting that the nominal GDP growth rate could be negative in the present financial year, but that doesn't mean that the currency in circulation would fall

Trade surplus could be more a reason for alarm than rejoicing: Economists

They say the underlying cause could be a huge drop in demand, which is not good for economic growth

Relocation of supply chains from China to benefit India the most: Nomura

Some of the global supply chains will move out from China and will flow mostly to Asian countries, with India poised to be the top beneficiary

Bharat Bond ETF second tranche launched, base issue size of Rs 3,000 cr

Green shoe option of Rs 11,000 cr; NFO starts July 14 and ends July 17