Page 47 - Latest Updates on Shaktikanta Das
Govt to infuse Rs 20,000 cr in public sector banks; seeks parliamentary nod
The government has infused Rs 3.5 trillion in PSBs in the last few years, with the previous round of recapitalisation taking place in September 2019
 "Govt to infuse Rs 20,000 cr in public sector banks; seeks parliamentary nod")
Loan restructuring: This time is different
It marks a reversal in the approach to tackling bad loans, but it is not kicking the can down the road
 "Loan restructuring: This time is different")
Firms raising 3-month money at much lower than RBI's overnight rates
Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%
 "Firms raising 3-month money at much lower than RBI's overnight rates")
Capital raise isn't a reason to turn optimistic on banking stocks
Rs 47,000 crore raise by private banks in two months may be just adequate to meet the provisioning costs
 "Capital raise isn't a reason to turn optimistic on banking stocks")
Supporter of Indian industry: India Inc pays tribute to Pranab Mukherjee
RP-Sanjiv Goenka Group Chairman Sanjiv Goenka said that "a big banyan tree of Indian democracy" is no more
 "Supporter of Indian industry: India Inc pays tribute to Pranab Mukherjee")
GST compensation row: FM's 'act of God' can be a nightmare for RBI
The government has invoked "act of God" for not paying its due to the states directly
 "GST compensation row: FM's 'act of God' can be a nightmare for RBI")
Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs
Top bank executives attempted to shed the tag of being risk-averse and averred that viable businesses would get the red carpet from lenders
 "Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs")
Unlock BFSI 2.0: Not risk-averse, only careful and prudent, say bank CEOs
Most bankers who participated in the Business Standard Unlock BFSI 2.0 webinar event held on Thursday felt that they expect better indicators of the economy in the third quarter of the financial year
 "Unlock BFSI 2.0: Not risk-averse, only careful and prudent, say bank CEOs")
RBI refuses to budge on bond rates, rupee strengthens to 6-month high
Central bank seems to have briefly withdrawn from intervening in spot currency markets, even as it continued with its forwards markets intervention
Unlock BFSI 2.0: Banks' extreme risk aversion self-defeating, says RBI Guv
What is desirable is focus on governance, focus on risk management, focus on quality of decision making and building up resilience, according to RBI Governor Shaktikanta Das
 "Unlock BFSI 2.0: Banks' extreme risk aversion self-defeating, says RBI Guv")
Unlock BFSI 2.0: Time for banks to look 'deeply within', says RBI Guv Das
Current pandemic-related shock has placed a greater pressure on banks, and this may lead to an erosion of their capital. Tune in to this podcast to know Governor Shaktikanta Das' take on the matter
 "Unlock BFSI 2.0: Time for banks to look 'deeply within', says RBI Guv Das")
Indian bankers seek to counter RBI Governor on 'risk aversion' comment
Heads of various banks sought to present a counter narrative on Shaktikanta Das warning lenders about the perils of risk aversion in the pandemic-stricken environment where credit demand is waning
 "Indian bankers seek to counter RBI Governor on 'risk aversion' comment")
Top headlines: States to borrow Rs 2.35 trn, Ladakh situation 'serious'
Here are the top headlines of the day
 "Top headlines: States to borrow Rs 2.35 trn, Ladakh situation 'serious'")
RBI still has enough firepower left to handle the situation: Governor Das
There would be a very careful recalibration of emergency measures once an end to Covid-19 was in sight, RBI Shaktikanta Das said while delivering the keynote address at the BS Unlock BFSI 2.0 webinar
 "RBI still has enough firepower left to handle the situation: Governor Das")
'Banks need to look within': Here's the full text of RBI Governor's speech
He was speaking on the theme "It is Time for Banks to Look Deeply Within: Reorienting Banking Post-Covid"
Banks 'prudent, careful' as economic recovery will take long: CEOs
The bankers were responding to RBI governor Shaktikanta Das's statement that banks risked their own growth by being "extremely risk averse"
 "Banks 'prudent, careful' as economic recovery will take long: CEOs")
Can the Reserve Bank talk the bond yield down?
Why are the bond yields hardening when there is ample liquidity in the system and RBI is willing to do anything to ensure a non-disruptive market borrowing by the government?
Best of BS Opinion: Fort Narendra Modi, old times in Sri Lanka, and more
Business Standard opinion pieces for the day talk about, among other things, how the government is performing
 "Best of BS Opinion: Fort Narendra Modi, old times in Sri Lanka, and more")
Bank moratorium was a temporary solution: RBI governor Shaktikanta Das
On rate cuts, governor says RBI will intervene when needed
Kamath committee recommendations will be out by September 6: RBI Governor
The committee on business loan resolution would submit its recommendations within one month and the central bank will soon release its final guidelines on the issue
 "Kamath committee recommendations will be out by September 6: RBI Governor")