WhatsApp's integration into Jio's e-com platform holds the key: Experts
Many farmers couldn't visit banks to pay dues on short-term crop loans in the wake of the Covid-19 lockdown and restrictions on movement of people
No firm decision has been reached on this, said sources. The SDF, when introduced, will become the lower bound of the corridor for the liquidity management window.
'Sectors with higher leverage will be major beneficiaries'
In an interview with Surajeet Das Gupta, Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, charts out the challenges and way forward for the economy as well as NBFCs
Asia's banking sector profitability will also decline from deteriorating asset quality and lower net interest margins, said Moody's
This, officials said, is because the bond market has factored in the Rs 4.88-trillion gross borrowing for April-September 2020
The RBI has so far not provided any clarity on whether banks will grant moratorium to the shadow lenders on the loans they have availed
With no upper limit, the interest rates in the platform can go as high as 35 per cent, on a reducing balance
Lenders to face central bank's censure; board meet in May seen leading to fresh measures
'Repo rates are at a 16 year low and this can bring the much needed stimulus to the sector, both at the retail and wholesale levels, if banks pass on the benefit to borrowers'
The latest measure has come as two of its most innovative liquidity measures worth Rs 2 trillion since February 6 did not elicit the desired effect
On Friday, the RBI said it will conduct the second tranche of targeted long-term repo operation (TLTRO 2.0) for an aggregate amount of Rs 50 billion, to begin with.
RBI by reducing reverse repo rate by 25 basis points has sent clear signals to deploy that money - either by investing markets (bonds and short term paper) or by extending credit
Experts say while the decision is positive, it may not make any significant contribution
Ways and means advances (WMAs) are short-term advances the central bank gives to help states tide over temporary mismatches in their cash flow.
The yield on the 6.18 per cent 2024 bond fell 26 basis points to 5.48 per cent.
A senior executive of a public sector bank said the IBA's management committee meeting would discuss the issue of giving a moratorium to finance firms.
Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.
DBS Bank India Economist Radhika Rao said the reduction in the reverse repo rate is meant to prod banks to consider lending activity rather than park funds with the central bank