Page 300 - Latest Updates on Reserve Bank of India
Come September, bad loans will zoom
The only way to save the financial system and the economy is the Reserve Bank relaxing banks' asset classification norms
 "Come September, bad loans will zoom")
Uncertainty looms over Rs 2.1-trn divestment target amid coronavirus spread
In its April Monetary Policy report last week, the Reserve Bank of India said the global economy is expected to go into recession after taking into account the impact of the Covid-19 pandemic
 "Uncertainty looms over Rs 2.1-trn divestment target amid coronavirus spread")
As many as 10 mn borrowers can't benefit from moratorium. Here's why
These investors are yet to approve the moratorium on underlying loans and reschedule most PTC repayments
 "As many as 10 mn borrowers can't benefit from moratorium. Here's why")
Top headlines: NBFCs to face liquidity crisis, IndiGo to stop on-board food
Business Standard brings to you the top headlines of the day
 "Top headlines: NBFCs to face liquidity crisis, IndiGo to stop on-board food")
NBFCs to face liquidity crunch on lack of clarity on RBI moratorium: Crisil
RBI had announced a relief package which included a three-month moratorium on payment of all term loans outstanding as on March 1, 2020
 "NBFCs to face liquidity crunch on lack of clarity on RBI moratorium: Crisil")
Centre sails through this fiscal's first borrowing of Rs 19,000 crore
The 10-year bond yields closed at 6.49%, which is more than 200 bps above the policy repo rate
 "Centre sails through this fiscal's first borrowing of Rs 19,000 crore")
'Covid-19 hangs over future like spectre': RBI in Monetary Policy Report
While efforts are being mounted on a war footing to arrest its spread, Covid-19 would impact economic activity in India directly through domestic lockdown, the central bank has said
 "'Covid-19 hangs over future like spectre': RBI in Monetary Policy Report")
Freeze asset quality norms to help borrowers, says RBI director Marathe
In a letter to PM Narendra Modi, RBI director said the lockdown, imposed to contain spread of Covid-19, and the earlier slowdown have disrupted operations of manufacturing units
Rupee to hover around 75/dollar; crude basket at $35/barrel in FY21: RBI
The developments comes as rupee recovered from record low levels to settle 6 paise higher at 76.28 against the US dollar
 "Rupee to hover around 75/dollar; crude basket at $35/barrel in FY21: RBI")
Coronavirus impact: Investor outreach programmes see spike in March
Companies have reached out at a higher rate than before to assuage investors
 "Coronavirus impact: Investor outreach programmes see spike in March")
Gain some, lose some: What India's Covid-19 relief package means for biz
As India manages life under a 21-day lockdown, the government and the RBI have moved to help the economy and the poorest. A look at who gains from these moves and who loses out
 "Gain some, lose some: What India's Covid-19 relief package means for biz")
For personal or credit card loans, it's time to scout for good rates
You can raise cheaper personal loans online to repay unsecured loans. For home loans, banks are taking documents online, but property verification may take time
 "For personal or credit card loans, it's time to scout for good rates")
The long shadow of FY20 on Centre's finances can not be missed by anybody
There may be no official word yet on how the Centre's tax revenue assumptions for the current year have gone awry
Cash-starved and desperate, states borrow at steep rate in lockdown
According to the schedule, 19 states had lined up to borrow up to Rs 37,500 crore, but they managed to raise Rs 32,560 crore.
 "Cash-starved and desperate, states borrow at steep rate in lockdown")
Pandemic distress
We need businesses up and running and people back at work - and swift extraordinary actions to make this happen
Covid haze in an Indian maze
India's unique characteristics may add a layer of uncertainty to its Covid outcome; policymakers should be prepared
 "Covid haze in an Indian maze")
Covid-19 impact: Confusion over moratorium norms hit smaller MFIs hard
Many are worried about not being able to meet their loan obligations this month; several either have started defaulting or are about to
 "Covid-19 impact: Confusion over moratorium norms hit smaller MFIs hard")
SBI reduces MCLR by 35 bps, cuts savings rate by 25 bps on all deposits
SBI rate cut: The savings rate has been reduced to 2.75 per cent from 3 per cent
 "SBI reduces MCLR by 35 bps, cuts savings rate by 25 bps on all deposits")
RBI relaxes overdraft facility norms for states, UTs until September 30
The number of days for which a state/ UT can be in overdraft in a quarter has been increased to 50 working days from the current 36 working days
 "RBI relaxes overdraft facility norms for states, UTs until September 30")
Rush hour and tougher questions ahead for both Mint Road and banks
Piecemeal regulatory forbearance will not go far and tougher questions will be asked of both Mint Road and banks, reports Raghu Mohan
 "Rush hour and tougher questions ahead for both Mint Road and banks")