Page 303 - Latest Updates on Reserve Bank of India
Banks face operational hurdles in implementing 90-day loan moratorium
With branches and call centres working with skeletal staff, communicating to customers and documenting the process are key challenges
 "Banks face operational hurdles in implementing 90-day loan moratorium")
Bank of India cuts MCLR up to 25 bps across category, deposit rate cut next
RBI has expanded liquidity in the system sizably to ensure financial markets and institutions are able to function normally, in the face of Covid-related dislocation
 "Bank of India cuts MCLR up to 25 bps across category, deposit rate cut next")
Cheap index valuation isn't inspiring
Cloudy earnings outlook in the coming quarters is likely to play spoilsport
 "Cheap index valuation isn't inspiring")
RBI relief package to help sustain businesses during coronavirus: Bankers
The Union Bank CEO said that the RBI's package would help in sustaining business at a time when a 21-day nationwide lockdown to stop the spread of the COVID-19 virus
SBI cuts lending rate by 75 bps as RBI introduces liquidity package
SBI also cut interest rates on retail term deposits by 20-50 bps. For bulk deposits, the cut was steeper, by 50-100 bps, due to huge liquidity in the system
 "SBI cuts lending rate by 75 bps as RBI introduces liquidity package")
Covid-19 relief: RBI cuts repo 75 bps; defers term-loan EMIs for 3 months
Repo down to 4.4%; reverse repo reduced by 90 basis to 4%; CRR lowered by a percentage point to 3%; inflation and growth forecast not given as they would depend on the extent of the coronavirus crisis
 "Covid-19 relief: RBI cuts repo 75 bps; defers term-loan EMIs for 3 months")
Shekhar Gupta: Because, tomorrow always comes
There are many scary scenarios about how badly we Indians may be affected or how many killed by COVID-19. But they presume 1.36 billion people will do nothing to influence their fates
 "Shekhar Gupta: Because, tomorrow always comes")
Boosting resilience against the 4 Cs
The uncertainty is sufficiently large that RBI was dissuaded from releasing projections of growth and inflation for FY21
Coronavirus impact: Comparing India's economy in the 2 major crisis periods
The GDP growth rates given in the chart are based on the 2011-12 base year
 "Coronavirus impact: Comparing India's economy in the 2 major crisis periods")
Chidambaram calls RBI's EMI deferment step half-hearted, ambiguous
'The demand is that all EMI due dates must be automatically deferred,' he said
 "Chidambaram calls RBI's EMI deferment step half-hearted, ambiguous")
Moratorium a good option for the cash-starved, banks to take final call
The moratorium is for three months on payment of all instalments due between March 1, 2020, and May 31, 2020, including credit card payments
 "Moratorium a good option for the cash-starved, banks to take final call")
RBI opens up intervention avenue in offshore rupee derivative market
The central bank is tight-lipped on its intervention strategy, but it is suspected that it recently intervened in a huge amount in the offshore markets
 "RBI opens up intervention avenue in offshore rupee derivative market")
A bit late, but the Reserve Bank has managed to surprise the market
No one expected a CRR cut at this time; 75 basis points cut in the policy rate at one shot has also been more than what most had expected
 "A bit late, but the Reserve Bank has managed to surprise the market")
RBI repayment moratorium: All loans, credit card dues will be covered
Issuing the detailed instructions on the moratorium announcement later in the day, the RBI said, The instalments include payments falling due from March 1 to May 31
 "RBI repayment moratorium: All loans, credit card dues will be covered")
Coronavirus relief: SBI takes cue from RBI; cuts lending rates by 75 bps
Consequently, the lender has also reduced interest rates on retail and bulk deposits by between 20 to 100 basis points across various tenors
 "Coronavirus relief: SBI takes cue from RBI; cuts lending rates by 75 bps")
The life and times of YES Bank's flamboyant and self-absorbed Rana Kapoor
The spectacular meltdown at YES Bank reveals the mental makeup of someone only too eager to walk on life's wild side
 "The life and times of YES Bank's flamboyant and self-absorbed Rana Kapoor")
Telangana govt to buy Kharif produce from farmers as mandis remain closed
Will need Rs 35,000 crore to buy all the standing crops in the state
 "Telangana govt to buy Kharif produce from farmers as mandis remain closed")
PM, FM, industry welcome RBI 'bazooka' of rate cut, liquidity measures
'Today RBI has taken giant steps to safeguard our economy from the impact of the Coronavirus,' said PM Modi
 "PM, FM, industry welcome RBI 'bazooka' of rate cut, liquidity measures")
Realtors say RBI decisions to boost liquidity; seek quick transmission
Anarock Chairman Anuj Puri said RBI's move will push credit flow into all industries reeling under the impact of the coronavirus
 "Realtors say RBI decisions to boost liquidity; seek quick transmission")
A quick look at RBI's measures to arrest Covid-19 slowdown
The RBI has reduced the repo rate by 75 basis points (bps) to 4.4 per cent, and the reverse repo rate by 90 bps which now stands at 4 per cent
 "A quick look at RBI's measures to arrest Covid-19 slowdown")