Page 8 - Reserve Bank Of India Rbi
Allow banks to release sanctioned loans to Amrapali homebuyers: SC to RBI
A bench headed by Justice Arun Mishra issued the directions after observing that the construction of the housing projects had come to a standstill due to lack of funds
 "Allow banks to release sanctioned loans to Amrapali homebuyers: SC to RBI")
Centre likely to rework NHAI financing plans amid Covid-19 crisis
A committee, under the chairmanship of Nilesh Sathe, former member of the Insurance Regulatory and Development Authority of India (IRDAI), has been set up.
 "Centre likely to rework NHAI financing plans amid Covid-19 crisis")
RBI proposes major changes in securitisation norms for robust market
The RBI said the revision in guidelines is an attempt to align the regulatory framework with the Basel guidelines on securitisation that have come into force effective January 1, 2018
 "RBI proposes major changes in securitisation norms for robust market")
IndusInd Bank promoters to buy more of its shares in secondary market
They currently hold 14.68% of the lender's paid-up share capital. As per RBI rules, the promoters can buy 0.32% additional stake as of now
 "IndusInd Bank promoters to buy more of its shares in secondary market")
Reserve Bank proposes comprehensive guidelines for sale of loan exposures
RBI's proposed guidelines for sale of loan exposures deals with various issues like asset classification of the loan to be transferred, nature of entity purchasing loan and mode of transfer of loans.
We should see relief rally sustain, though with interruptions: S Mukherjea
'India accounts for a mere $3 trillion of economic activity in a world with nearly $80 trillion of activity'
 "We should see relief rally sustain, though with interruptions: S Mukherjea")
Street signs: 'Buy the dip' say chartists, rising free-float trade and more
The commentary by technical analysts has moved from 'sell on rallies' to 'buy the dips', with most expecting the bullish momentum, seen over the past three weeks, to sustain
 "Street signs: 'Buy the dip' say chartists, rising free-float trade and more")
NCLT needs clear set of protocols to flatten bankruptcy curve, say experts
Debt restructuring schemes under company law, and introduction of Code-based pre-packs are worth exploring, say experts
 "NCLT needs clear set of protocols to flatten bankruptcy curve, say experts")
'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian
Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon
 "'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian")
MPC members see Covid-19 lockdown dealing a multi-year hit to economy
Demand impact will continue to weigh heavily on economic activity for some time, says Shaktikanta Das, but is optimistic about rural economy due to good farm harvest
 "MPC members see Covid-19 lockdown dealing a multi-year hit to economy")
Top headlines: Govt says no new schemes, Abu Dhabi fund to invest in Jio
From Modi government planning for the eighth term at UNSC, RBI creating Payments Infrastructure Development Fund to Elon Musk calling for a breakup of Amazon, here are the top headlines of the day
 "Top headlines: Govt says no new schemes, Abu Dhabi fund to invest in Jio")
Covid-19 pandemic eats into consumer confidence, shows RBI survey
Consumers reported sharp cuts in discretionary spending and also do not expect much improvement in the coming year, the RBI survey said
 "Covid-19 pandemic eats into consumer confidence, shows RBI survey")
Intuition, not prediction
The Covid crisis makes "data driven" projections inaccurate, as the past provides zero guidance for the future.
 "Intuition, not prediction")
Preserve the IBC
Suspension should not result in unintended consequences
 "Preserve the IBC")
Bank of Mauritius approaches RBI to clear the air on NBFC impasse
Bank of Mauritius has written to its Indian counterpart, explaining the mechanism by which investments are greenlighted via the country, and highlighted importance of Mauritius as an investment hub
 "Bank of Mauritius approaches RBI to clear the air on NBFC impasse")
Covid-19 and the job crunch
Having realised that there is really no contradiction between "jaan" and "jahaan", states are gradually reopening their economies. But they are locking the stable doors after the horses have bolted
 "Covid-19 and the job crunch")
Interest waiver will impact financial viability of banks: RBI to SC
The RBI also said that the moratorium on loans, which was recently extended to August 31, is in the nature of a deferment and cannot be construed to be a waiver
 "Interest waiver will impact financial viability of banks: RBI to SC")
E-way bills in May treble from April levels; Still behind pre-March levels
This indicates that GST revenue for May, but collected in June, could recover after reporting a close to 85% shortfall in April vis-a-vis last year
 "E-way bills in May treble from April levels; Still behind pre-March levels")
Despite Moody's rating downgrade, indicators point to rupee revival
Currency dealers say the Reserve Bank of India (RBI) intervened in the currency markets, and may have even bought some bonds anonymously from the secondary markets.
 "Despite Moody's rating downgrade, indicators point to rupee revival")
Top private banks' Q4 profits nearly halve on Covid-19 provisioning
The pressure on earnings will continue, say experts
 "Top private banks' Q4 profits nearly halve on Covid-19 provisioning")
