Page 288 - Latest Updates on Reserve Bank of India
Loss-making banks back to black but little to cheer
Pain and uncertainty will be a way of life for many banks in 2021. For a few, the light at the end of the tunnel has turned into a flicker
Eight shortlisted for post of RBI deputy governor; interview on July 23
The selected name from the interview will be sent to the Appointments Committee of the Cabinet headed by the Prime Minister for final approval
 "Eight shortlisted for post of RBI deputy governor; interview on July 23")
Banks must raise capital well in time to build resilience: RBI Governor
Building buffers and raising capital (for all kind of banks) will be very crucial for credit flow and resilience in financial system, says Shaktikanta Das
 "Banks must raise capital well in time to build resilience: RBI Governor")
Coronavirus will result in high NPAs and capital erosion: RBI Governor
There is need for a structured mechanism with legal backing to deal with stressed assets, says the governor
 "Coronavirus will result in high NPAs and capital erosion: RBI Governor")
NPAs are everybody's problem
Vivek Kaul's Bad Money: Inside the NPA Mess and How it Threatens the Indian Banking System provides the answer and I am wiser years after having taken the loan
 "NPAs are everybody's problem")
Madras HC issues notice to RBI to respond to PIL challenging NPA norms
Petitioner says every sector of the Indian economy has been hit by the one-size-fits-all 90-day NPA rule which is grossly unjust and cripples the entire banking system
 "Madras HC issues notice to RBI to respond to PIL challenging NPA norms")
Way to go
It is important that banks and NBFCs work together in the co-lending domain to ensure economic revival
UTI MF to side-pocket debt exposure to Zee Learn following downgrade
Rating revision factored in likelihood of default on payments due on Wednesday
 "UTI MF to side-pocket debt exposure to Zee Learn following downgrade")
Power crisis
Discoms can pose risk for state government finances
 "Power crisis")
Letter to BS: Bad bank a good idea but IBA might not be the right sponsor
The bank may ideally be floated by the government with it holding a 26% stake and the rest with some large banks
 "Letter to BS: Bad bank a good idea but IBA might not be the right sponsor")
RERA to approach RBI for one-time debt recast to overcome liquidity crisis
CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans and making them eligible for fresh borrowings
 "RERA to approach RBI for one-time debt recast to overcome liquidity crisis")
Protection stocks offer opportunity; opt for insurance and gold finance cos
Quality stocks in banking and financial services sector are still available at attractive valuations
 "Protection stocks offer opportunity; opt for insurance and gold finance cos")
RBI asks banks, NBFCs to reclassify MSMEs as per revised criteria
Last month, the government notified new criteria for classification of micro, small and medium enterprises (MSMEs) on the basis of turnover and investment in plant and machinery
 "RBI asks banks, NBFCs to reclassify MSMEs as per revised criteria")
Moody's extends review for downgrade on Hero FinCorp's Baa3 rating
The expectation was that the company's asset quality will deteriorate on the back of rising loan delinquencies and defaults
 "Moody's extends review for downgrade on Hero FinCorp's Baa3 rating")
RBI's draft code on governance: Another attempt at passing the buck?
The RBI's draft code on governance is seen as being out of kilter even though well-intentioned, reports Raghu Mohan
 "RBI's draft code on governance: Another attempt at passing the buck?")
A perilous journey ahead for NBFCs: Cheaper funds, slipping credit profile
Recent measures by govt and RBI will help those issuing bonds. But the need is to cover term loans also, says chief of NBFC lobby group
 "A perilous journey ahead for NBFCs: Cheaper funds, slipping credit profile")
Cut govt salaries, review RBI role: RSS-linked body writes to PM Modi
Arth Yagna describes itself as an organisation of nationalist professionals.
 "Cut govt salaries, review RBI role: RSS-linked body writes to PM Modi")
Covid-19, economic 'comorbidities' put India's progress since 1991 at risk
By the time the debris of this economic earthquake settles, it may have buried the progress India has made since 1991
RBI to do buy-sell OMO of Rs 10,000 cr keeping in mind liquidity in banks
Such bond buy and sell operations soften long-term yields that help govt borrow cheap; they also give apex bank enough long-term bonds to support its liquidity operations
The huge disconnect
Gloomy economic narrative does not justify stock market highs
 "The huge disconnect")