Page 6 - Reserve Bank Of India Rbi

RBI Guv Shaktikanta Das briefs central board on Covid-19 relief measures

The 583rd meeting of the Central Board, held via video conference, deliberated on the current economic situation and the evolving challenges posed by the pandemic

RBI's moratorium helps public sector banks post lower NPAs in Q4

On aggregate basis, gross NPAs of 8 PSBs improve by 132 bps

Govt, RBI measures have slowed down contraction in economy: NCAER

NCAER expects the economy to grow by 1.3 per cent in FY21 in case there are no supply side disruptions.

Fair solution to rate transmission in the works: FM Nirmala Sitharaman

The finance minister told the industry it needed to introspect on how businesses are run and on Aatmanirbhar Bharat, for India to realise the full potential.

Indian banks' overseas business grows 7.5-43.1% in FY20, shows data

In FY19, lenders had seen a contraction in global loan book after letters of comfort were discontinued

Bond market warms up to NBFCs, but India's top-rated companies benefit

The liquidity situation for non-banking financial companies (NBFCs), which had been facing a crunch on this front for some time now, is improving.

Hindujas' plan to hike stake in IndusInd Bank likely to face delays

The bank is promoted by holding companies IndusInd International Holdings and IndusInd, which are predominantly controlled by Ashok Hinduja, the youngest among the four Hinduja brothers.

Google Pay says all UPI transactions on its platform are fully protected

The clarification came after a buzz on social media that issues arising while transferring money through Google Pay are not protected by law as the app is unauthorised

Gadkari launches credit guarantee scheme worth Rs 20,000 cr for MSMEs

The scheme seeks to extend support to the promoters of the operational MSMEs that are stressed and have become NPAs as on April 30, 2020

Icra downgrades Yes Bank's tier-II bonds to 'D' after RBI clampdown

Agency said downgrade has factored in specific features of the instrument where debt servicing is linked to meeting regulatory norms on capitalisation, i.e., CAR of 9%

Corporate bond market starts warming up to NBFCs easing liquidity concerns

Financial companies are also lining up equity issuances, and some dollar bond issuances are planned as well. In domestic markets, gold loan companies are also getting active in raising bonds

MSMEs may see another round of restructuring as RBI moratorium eases

Small businesses remain under stress as India ends lockdown to contain coronavirus outbreak

Covid-19 impact: RBI may review extra-provisioning norms of June 7 circular

Terms on upgrade of accounts also likely to be tweaked as the central bank's June 7 circular may get a relook

Bank deposits grow at 11.3% but credit growth moderates, shows data

Banks have also lowered their lending rates following the cut in the benchmark rates by the Reserve Bank of India (RBI).

YES Bank gets approval to raise up to Rs 15,000 crore via FPO in July

The issue, to be managed by SBI Caps, will be launched at a substantial discount to the current market price to attract investors.

RBI asks banks, NBFCs to increase awareness campaigns against frauds

The central bank observed that despite the financial literacy drive it undertook, cases of frauds continue to rise

Covid-19 impact: RBI asks banks to carry out detailed stress testing

Capital-raising, precautionary provisioning may be on cards

Precautionary savings

Slowdown impact on household finances even before Covid

Mortgage norms: Tightened or relaxed?

From 50 per cent, a home finance firm's exposure to retail loans will go down to 37.5 per cent. Instead of a floor for retail loans, should the RBI look for a ceiling for wholesale loans?

Securities transaction tax mop-up rises 14% despite sharp sell-off

The department collected Rs 2,568 crore against Rs 2,262 crore in the corresponding period a year ago.