Page 15 - Reserve Bank Of India Rbi

RBI admits GDP forecasts prior to coronavirus outbreak were off the mark

RBI failed to gauge a greater-than-anticipated contraction in gross-fixed capital formation and continuing weak activity, especially in the rural areas.

Coronavirus impact: Centre's borrowing won't be cheap this time

Wary of supply, bond dealers asked for sharp increase in rates from state governments during Wednesday's auction.

Govt unlikely to grant any package for industry to pay workers' salaries

"The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.

RBI to examine buyback of outstanding amount of Rs 84,574 cr in AT-1 bonds

Could disallow retail investments directly and through MFs in the instrument

RBI increases overdraft period of states, UTs until September 30

The number of days for which a state or UT can be in overdraft in a quarter has been increased to 50 working days from the current stipulation of 36 working days, the RBI said.

States can borrow Rs 3.2 trillion in April-Dec after discussions with RBI

The amount that the states have been given permission to raise through open market borrowings is a little more than Rs 3.2 trillion.

NBFC-MFIs seek clarity from RBI on 3-month moratorium on loans

RBI seeks data on drawdowns, bank loans, exposure to NCDs and CPs

Top headlines: Sebi curbs MF timings, Bajaj Finance loses 350,000 customers

Business Standard brings you top business headlines of the day

Trading hour to circuit breakers: Markets globally take steps amid Covid-19

Many markets have shortened trading hours, and others are mulling whether to follow suit

Coronavirus impact: States can now borrow up to 50% of limit in April

Centre's resource crunch owing to dwindling revenues prompts move

It'll be a positive surprise if earnings grow in FY21, says Jigar Shah

Further fall will depend on whether the coronavirus (Covid-19) situation lasts beyond May-June 2020

Job seekers, firms see 'pessimism' in market sentiment: RBI Survey

A separate survey conducted to capture the impact of coronavirus showed "very sharp deterioration in sentiment across all sectors for Q4FY20, and stark pessimism for Q1FY21

Relief measures announced by govt, RBI not enough, says India Inc

Most CEOs favour a partial lifting of the lockdown after April 14

Small savings schemes continue to score despite the steep rate cut

Despite the steep rate cut, you are unlikely to find better paying schemes without taking excessive risk

RBI increases WMA limit of states, UTs by 30%, relaxes export rules

The central bank also said banks don't need to activate countercyclical capital buffers (CCyB) for one more year, which means the banks can utilize the capital earmarked for the buffer

Questions about borrowing

The funding need can change materially

Most private banks choose 'opt-in' option on loan repayment moratorium

Largest private sector lender HDFC Bank said it would encourage customers with adequate funds to continue repayments to avoid the extra interest charges and tenor extension of the loan

EMI moratorium: No big gains for borrowers, banks to charge interest later

Experts feel that the three-month moratorium on repayment on loans to help people fight the impact of coronavirus seems to be benefiting banks rather than borrowers

PPF to fetch 7.1%, NSC 6.8% as govt cuts small savings interest rates

This is because the government went for one of the steepest cuts of up to 1.4 percentage points in these interest rates to facilitate banks to lower their rates.

RBI reallocates portfolios of deputy governors after Vishwanathan retires

RBI now functions with three deputy governors - B.P. Kanungo, M.K. Jain and Michael Patra