The RBI increased from 75 per cent to 90 per cent the permissible loan-to-value ratio (LTV) for banks to give loans against pledge of gold ornaments and jewellery for non-agricultural purposes
Businesses that didn't slip into NPA till March 1, and were treated as 'standard' accounts will benefit from the scheme which will have to be implemented by March 1, 2021
The committee highlighted that inflation risks emanate from supply chain disruptions, high vegetable prices, increased taxes on fuels, and volatility in financial markets
The hub aims to bring solutions to the financial sector by tapping into areas such as cybersecurity, data analytics, delivery platforms, and payment services
It intends to align them with emerging national priorities and bring a sharper focus to inclusive development
The measures will lower credit cost to some extent, but analysts are sceptical of asset quality of such loans
Rate cut off the table for now; focus is on other measures to ease stress in system
The scheme is aimed at encouraging customers to opt for digital payments even in those places where the internet connectivity is poor
High consumer inflation likely till September
In a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Credit (CC) or OverDraft (OD) account
The RBI since February 2019 has slashed the benchmark lending rate by 250 basis points (bps). Of this, 115 bps cut has taken place this year
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The NITI Aayog had recently recommended to the government that long-term private capital should be allowed into the banking sector
Suitors may prefer individual projects while bidding
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
BofA says the RBI will not only cut rates now, but will follow it up with another 75 bps cut in rest of the financial year 2020-21 (FY21)
Portfolio's quality, liquidity vital concerns in debt funds
The central bank has been taking steps proactively to limit the damage to the economy caused by the pandemic and lockdown
The issue of financial stability in monetary policy has always been an unsettled issue, ever since the global financial crisis
Bond dealers say such quick benchmark setting can create some confusion in the markets on rate setting