Page 301 - Latest Updates on Reserve Bank of India
Ours is open-banking model of the times: PayNearby's founder & CEO Bajaj
PayNearby's managing director & chief executive officer plans to raise $50 million through equity dilution in what is inherently a 'people's business'
 "Ours is open-banking model of the times: PayNearby's founder & CEO Bajaj")
Lockdown and rewiring banks
Key areas which have been impacted are third-party vendors and their talent working on banks' premises. A changeover to move data to the vendor is a risk that needs to be evaluated by all banks
Beyond virus: Setting course for a V-shaped recovery with right decisions
It's time for thoughtful decisions through 2020 and 2021, where the desired outcome is one where private investment in 2025 is superior to the value seen in 2011 in real terms
 "Beyond virus: Setting course for a V-shaped recovery with right decisions")
Rupee payments allowed for exports to Bhutan under RBI guidelines: Expert
Acceptance of LUT for supplies of goods or services to countries outside India will be permissible irrespective of whether the payments are made in Indian currency or convertible foreign exchange
 "Rupee payments allowed for exports to Bhutan under RBI guidelines: Expert")
Covid-19: Shoring up states financial muscle in times of a crisis
According to the RBI's indicative calendar for borrowing by the states in the April-June quarter, they are expected to borrow Rs 1.27 trillion
 "Covid-19: Shoring up states financial muscle in times of a crisis")
Covid-19 relief: Staggered 180-day bad-loan breather on cards for banks
RBI may allow relaxation in delinquency period, go easy on additional collateral requirements
 "Covid-19 relief: Staggered 180-day bad-loan breather on cards for banks")
The fiscal gridlock
Budget constraints of states need immediate attention
 "The fiscal gridlock")
Decoding the 3-month moratorium
In the world of finance, a moratorium is a temporary suspension of an activity in response to sudden financial hardships
 "Decoding the 3-month moratorium")
Think twice before availing RBI moratorium on your credit card dues
The accumulated dues will be very high, given the high interest cost on credit cards
 "Think twice before availing RBI moratorium on your credit card dues")
How gold holdings can ease credit flows
If gold held by the top 30% of Indian households can be mobilised, it can be used for dollar swaps, while depositors could be provided low-cost credit for longer tenures
 "How gold holdings can ease credit flows")
RBI shortens forex, money market trading hours amid coronavirus lockdown
Apex bank announces change in market timing, trading hours to function from 10 am to 2 pm
 "RBI shortens forex, money market trading hours amid coronavirus lockdown")
RBI shortens business hours of money markets, cites impact of lockdown
The thinning out of activity is impacting market liquidity, the central bank said in a statement
 "RBI shortens business hours of money markets, cites impact of lockdown")
Covid-19 relief: Citi Bank releases FAQ on deferred EMIs and its impact
RBI had ordered a moratorium of three months on EMIs
 "Covid-19 relief: Citi Bank releases FAQ on deferred EMIs and its impact")
PSBs rescue pvt peers as states pull out deposits after RBI cut rates
Treasury heads say private banks are floating CDs of nearly Rs 5,000- 8,000 crore a day since the RBI lowered the repo and reverse repo rate last week
 "PSBs rescue pvt peers as states pull out deposits after RBI cut rates")
Currency conundrum
RBI has done well to contain excess volatility
 "Currency conundrum")
Slash dividend & prioritise shoring up balance sheet
Only after business has stabilised and there is visibility ahead should companies look at paying their shareholders
 "Slash dividend & prioritise shoring up balance sheet")
Why the three-month moratorium on your home loan EMI may not be a good idea
Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date
 "Why the three-month moratorium on your home loan EMI may not be a good idea")
Covid-19 relief: HDFC Bank releases FAQ on deferred EMIs and its impact
Here is an FAQ by HDFC Bank, explaining how the stipulation by RBI will impact its customers
 "Covid-19 relief: HDFC Bank releases FAQ on deferred EMIs and its impact")
Covid-19 relief: You can defer 3 EMIs but that may be a very costly option
SBI informed customers that in some cases, deferring 3 EMIs on a home loan may force the borrower to pay 8 more EMIs
 "Covid-19 relief: You can defer 3 EMIs but that may be a very costly option")
RBI moratorium on term and working capital loans may hurt business
Corporates may end up paying four months interest on their loans together.
 "RBI moratorium on term and working capital loans may hurt business")