Page 6 - Anup Roy

Status check: Banks are yet to build up a robust 'Covid loan book'

The RBI came up with the scheme on May 7, mainly for the health sector. It subsequently increased the amount to include contact intensive sectors to ease the hardship

Reserves remove doubt on ability to act: RBI Governor Shaktikanta Das

Economic activities are expected to improve further going into July or into the second half, says Governor Das

New 10-year bond at 6.1% signals RBI's tolerance for higher yields

Bond dealers welcome move, say this would help correct distortion in the yield curve

RBI to banks: Phase out Libor soon, move to alternative reference rates

However, lenders say they're not sure which alternative will be more reliable

Bonds rally after RBI guv indicates accommodative policies will continue

"Any hasty withdrawal of monetary policy support will negate the nascent or incipient recovery that is taking place," RBI Governor Shaktikanta Das told Business Standard in an interview

Hasty withdrawal of easy policy can undo gains: RBI Guv Shaktikanta Das

Inflation is showing signs of stickiness, but it is only a "transitory hump" that should moderate in the third quarter, he said.

NUE may make India the cradle of cutting-edge global payment systems

The NUE will be a direct competitor to NPCI and develop the payments infrastructure for the country, similar to what NPCI has done

Reserve Bank of India changes methodology to ensure bond auction success

Adopts uniform price auction for bonds up to 14 years till further notice

Averse bankers, willing RBI push companies towards the bond market

The corporate bond market is still dominated by financial companies, but non-financial companies have marked their presence in the past one year

Treasury arm of finance firms can invest in global assets through IFSC

The treasury can be used to raise credit facilities and equity for group entities from the global markets

Longer wait for depositors as RBI extends curbs on PMC Bank till Dec 31

There was considerable buzz among depositors after RBI gave in-principle nod to Centrum Financial Services and BharatPe to set up an SFB in lieu of a restoration scheme of PMC Bank

RBI holds back selling 10-yr bond indicating advent of new benchmark paper

Govt has raised over Rs 1.19 trillion against existing bond, a limit after which a new paper is issued to ease redemption pressure

RBI tightens dividend payout norms for NBFCs, links them to bad debt

NBFCs can give dividend only if accounts are clean, NPAs not hidden, and are below 6 per cent for the last three years

After a washed-out Q1, bankers hope to cash in on revival starting July

Demand expected to rise, but more gradually than last year

Household savings slide in third quarter amid Covid-19 pandemic cloud

The ratio of household (bank) deposits to GDP declined to 3 per cent in the third quarter from 7.7 per cent in the previous quarter

Save jobs or protect savers? A new monetary policy dilemma amid Covid-19

The model suggests that interest rates can be kept low for the greater good.

RBI likely to go against convention on raising funds through bonds

This gives credence to the theory that the central bank may not want to issue a fresh set of 10-year paper in a hurry and would rather continue with the existing security

MFIs in Assam, borrowers set to get major relief as govt steps in

According to CRIF Micro Credit, Assam was one of the most stressed states in terms of microfinance loans

MPC chose loose policy to nurse growth, felt inflation wasn't demand-driven

Loss in momentum of activity could be temporary and restricted to the first quarter of FY22, RBI governor Shaktikanta Das is quoted to have said in minutes of MPC meetings

Rupee downward slide expected after hawkish Fed stand, say experts

The rupee has been under depreciation pressure in the recent past