Page 5 - Reserve Bank Of India Rbi

Inevitability of defaults: Promoters gripe over loans being sold to ARCs

'Once the moratorium is lifted, we expect several companies to default. The bank will have no other option but to either restructure the loan or sell it to ARCs,' says a banker

PNB chief hopeful of RBI allowing one-off loan restructuring by October

Rao also said that the normalcy is still too far which is making it difficult to assess the situation of companies in terms of cash-flows

M K Saggar to take over as ED in charge of RBI's monetary policy dept

This will also mean that Saggar will be included the six-member monetary policy committee (MPC) as an internal RBI member.

SC questioning RBI on moratorium unfortunate: HDFC chairman Deepak Parekh

In his frank address, Parekh was critical of the Supreme Court for questioning the Reserve Bank of India's (RBI) move to allow banks and housing finance companies (HFC) to charge interest

Bank credit grows 6.18% to Rs 102.5 trn, deposits up 11%: RBI data

In the fortnight ended June 21, 2019, bank credit had stood at Rs 96.48 trillion and deposits at Rs 124.92 trillion

Clermont Group likely to join Clix Capital in Lakshmi Vilas Bank deal

PE firm may infuse $150-200 million for up to 20% stake in bank before merger

SBI Cap to float special purpose vehicle for NBFC debt purchase, says RBI

The government, on May 21, had said it will support creating a SPV that will buy such papers from NBFCs

RBI to gain regulatory control over co-operative banks in a phased manner

For now, the new Ordinance has been made effective from June 29 to cover multi-state co-operative banks, others will be covered at a later date

Covid-19 crisis: Banking credit shrinks 1.7% in May as lockdown bites

According to Reserve Bank of India (RBI) data, gross bank credit was down to Rs 91.08 trillion in May, from Rs 92.63 trillion in March.

India needs to increase fiscal stimulus to revive economy: Pronab Sen

The government in May announced a staggering Rs 20.97 trillion economic package, or about 10 per cent of GDP, which included Reserve Bank's Rs 8.01 trillion crore worth of liquidity measures

FDI up by $19 bn in FY20; portfolio investment down by $13.7 bn: RBI

"Overall, net claims of non-residents on India declined by $57.6 billion during the year," RBI said

Mamata urges PM to withdraw RBI's supervisory role over state co-op banks

The RBI was thus far overseeing the banks' capital adequacy, risk control and lending norms, while management responsibilities were entrusted to the Registrar of Cooperative Societies of the state

Govt's total liabilities rise by 0.8% to Rs 94.62 trillion in Q4FY20

During January-March 2020, the government raised Rs 2.3 trillion through the issuance of Cash Management Bills

Loan recasts may push NPAs up to 14% in FY21 due to Covid-19: S&P

"The Covid-19 pandemic may set back the recovery of India's banking sector by years, which could hit credit flows and, ultimately, the economy," the agency said

Top headlines: RBI's one-time recast plan, monetising fiscal deficit

From the possibility of RBI's one-time recast plan to be limited, RBI likely to monetise fiscal deficit in second-half of FY21, a glance at GST's completion of 3 years tomorrow, here are the top news

Govt may get RBI to monetise fiscal deficit in second half of FY21

A final decision on the matter will be taken before the borrowing calendar for October 2020-March 2021 is announced in late-September

RBI extends enhanced borrowing limit to banks under MSF till Sept 30

Banks may continue to access overnight funds under the MSF against their excess SLR holding

Liquidity window for mutual funds induced confidence in system: SEBI

Under the special liquidity scheme, the RBI will conduct repo (repurchase agreement) operations of 90-day tenor at a fixed repo rate of 4.40 per cent for banks

RBI board meets digitally to take stock of Covid-19 impact on economy

While there was an expectation that the board would also discuss one-time restructuring scheme for stressed assets of banks, it was not there in the agenda for the board meet

Is Urjit Patel's return to policy space a sign of reconciliation with govt?

In many ways, this is Patel's home ground. Two of his papers, co-authored with Willem H Buiter, on fiscal policies and deficits were acclaimed by economists