Page 14 - Reserve Bank Of India Rbi

Top headlines: RBI announces steps to boost economy, China GDP slips, more

Business Standard brings to you a snapshot of important events of the day.

Rupee can depreciate another 4% despite RBI's liquidity support measures

The rupee did not react much to the measures announced since this was more towards a short-term liquidity measure which the markets had expected from the RBI.

RBI actions will act as lifelines for NBFCs; await steps on bond buying

In his bid to fight the coronavirus (Covid-19) induced slowdown, the governor has made it clear that he doesn't want banks to park money with the RBI.

Covid-19 impact: Banks raise concern over fresh NPAs of Rs 50K crore

The banks are expected to start credit operations from April 20, in a bid to help a staggered restart of the economic activities

Default-wary banks say won't use RBI funds for low-rated companies

The first TLTRO facility took place on March 27, and so far Rs 1 trillion has already been deployed.

Covid-19 impact: Bond and currency markets to close at 2 pm till April 30

Such curtailed hours, in which bond and currency markets operated between 10 am and 2 pm, from 9 am to 5 pm in normal times, were in force till April 17

RBI, Sebi split over default recognition; MFs, rating agencies seek clarity

In the absence of clarity, NBFCs are staring at huge repayment obligations at a time when their liquidity cover is declining

Corporate India braces for $26-bn a week loss amid coronavirus outbreak

Nation may lose close to over $5 bn due to lockdown, says Ficci

Barclays pegs economic cost of lockdown at $234 bn; sees no growth in 2020

Barclays has revised down their GDP growth forecast further to 0 per cent for calendar year 2020 (CY20) from 2.5 per cent earlier

Retail inflation slows down to 5.91% in March on easing food prices

The retail inflation based on Consumer Price Index (CPI) was 6.58 per cent in February 2020 and 2.86 per cent in March 2019

RBI to tighten private banks' succession planning with stricter timeline

Ironclad succession process could weigh on extensions for current heads

Covid-19: Ease fiscal policy, let states borrow from RBI, says Kerala FM

On Tuesday, Kerala had to offer an interest rate of 8.96 per cent for Rs 6,000 crore market borrowing for state development loan for a 15-year period

States want up to Rs 10-trn package from Centre, deficit financing from RBI

Last month, Union Finance Minister Nirmala Sitharaman had announced a Rs 1.70 trillion central package

RBI should start buying corporate bonds to provide liquidity: Deepak Parekh

According to him, interest rates will go down further, but banks must pass them on to companies.

Plea in SC challenging RBI circular on 3-month moratorium on loan repayment

It had said that repayment schedule for such loans as also the residual tenor would be shifted across the board by three months after the moratorium period

It is imperative for us to rise above partisan interests: Sonia Gandhi

Following is Sonia Gandhi's letter to Prime Minister Narendra Modi

Coronavirus outbreak: Bank credit growth falls sharply to 6.1% in FY20

Deposit accretion activity also moderated in FY20 to 7.9 per cent from 10 per cent in FY19, according to Reserve Bank of India (RBI) data.

Public sector banks overtake private banks in fresh loan sanctions

Private sector lenders have been leading on this front for some time, mostly leveraging on retail credit.

Unlisted NCDs may be treated as term loans, carry RBI moratorium benefit

Sebi is likely to allow corporate houses to treat unlisted non-convertible debentures as 'term loans'.

Coronavirus impact: Credit growth likely to remain modest, says RBI

MPC report says better transmission of rates would remain priority