Page 296 - Latest Updates on Reserve Bank of India
Microfinance institutions on a knife-edge with collections taking a big hit
With collections taking a big hit, microfinance institutions will be put through the wringer, reports Raghu Mohan
 "Microfinance institutions on a knife-edge with collections taking a big hit")
Rating disruption due to moratorium will pinch markets: Raters to Sebi
Extension of moratorium also discussed with Sebi
 "Rating disruption due to moratorium will pinch markets: Raters to Sebi")
Govt appoints Tarun Bajaj as Director on Reserve Bank Central Board
As a Joint Secretary in the Department of Financial Services for four years, he was looking after the insurance division
 "Govt appoints Tarun Bajaj as Director on Reserve Bank Central Board")
Financing business revival without pain
Here is the design of an impactful, fiscally responsible programme that removes the bottlenecks in credit decision-making
 "Financing business revival without pain")
Axis Bank's Q4 loss reflects rise in systemic risks in banking sector: S&P
Axis' credit costs for the quarter ended March 31, 2020 are higher than anticipated, but some of it is precautionary
 "Axis Bank's Q4 loss reflects rise in systemic risks in banking sector: S&P")
Banks park Rs 8.42 trn of surplus funds with RBI, hinting lending pause
The record amount is a worrying sign for the economy: either there is no demand for credit or banks are scared to lend.
 "Banks park Rs 8.42 trn of surplus funds with RBI, hinting lending pause")
In dire straits
Financing needs of states must be addressed urgently
 "In dire straits")
About time the govt stopped discussing a stimulus package and announced it
There is no sight of reform measures as well
 "About time the govt stopped discussing a stimulus package and announced it")
Allow restructuring of loans, ask raters not to downgrade: NBFCs to RBI
Mutual Funds say they didn't need to use their liquidity line fully
 "Allow restructuring of loans, ask raters not to downgrade: NBFCs to RBI")
An unclear path
Lockdown extension will increase economic uncertainty
 "An unclear path")
How to bring banks back to the credit market
Concerted efforts are required from the central bank and the government
 "How to bring banks back to the credit market")
All eyes on May indicators
The high speed indicators, as the lockdown eases, may offer clues on the strength of the future rebound
Best of BS Opinion: The economic fallout, coronavirus outbreak, and more
Here is a summary of Business Standard opinion pieces for the day
 "Best of BS Opinion: The economic fallout, coronavirus outbreak, and more")
Reserve Bank extends truncated market hours amid coronavirus outbreak
The bond and currency markets are open now between 10 am and 2 pm, from their usual 9 am to 5 pm
 "Reserve Bank extends truncated market hours amid coronavirus outbreak")
Regulatory benefits for banks helping mutual fund industry, says RBI
On April 27, the RBI had introduced the Rs 50,000-crore liquidity line for the MF industry
 "Regulatory benefits for banks helping mutual fund industry, says RBI")
Covid-19 impact: Credit growth decelerates in almost all sectors in March
SBI, however, notes that incremental credit to industry is highest in 147 months
 "Covid-19 impact: Credit growth decelerates in almost all sectors in March")
Letter to BS: RBI should take Monetary Policy Committee into confidence
RBI has to not only take MPC into confidence but has to see if ultimately the purpose of providing relief to the ailing sectors is served
 "Letter to BS: RBI should take Monetary Policy Committee into confidence")
RBI extends benefits under special liquidity facility for MFs to all banks
Decision taken based on requests received from banks; exposures under this facility will not be reckoned under large exposure framework or for determining priority sector targets
 "RBI extends benefits under special liquidity facility for MFs to all banks")
Policy credibility
Monetary policy framework should not be undermined
Retail unsecured loans, cross-selling may decline post moratorium
Lenders say the larger challenge is to communicate to borrowers the difference between moratorium and waiver
 "Retail unsecured loans, cross-selling may decline post moratorium")