Page 590 - Finance News

RBI extends loan moratorium till Aug 31, silent on one-time restructuring

The central bank has increased group exposure limits of lenders from 25% to 30%

Retail, MSME loans to get cheaper as RBI cuts repo rate in surprise action

HDFC Bank cuts base rate by 55 bps; SBI calls ALCO meeting to take call

RBI forecasts economic contraction, announces a sharp 40-bp rate cut

The six-member MPC also kept policy stance unchanged at 'accommodative' for "as long as necessary" to revive growth

Govt seeks to raise Rs 14,000 cr from second tranche of Bharat Bond ETF

Two new series will have maturities of April 2025 and April 2031.

RBI gives exporters, importers liquidity and more time amid Covid-19 crisis

RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector

RBI buttresses earlier position forcefully; economic forecasts conservative

The central bank cut the repo rate by 40 bps to 4% and the reverse repo rate was brought down to 3.35%

RBI says India GDP will contract in FY21, cuts repo rate by 40 bps to 4%

RBI extends the moratorium on loan repayments by three more months

Bank credit growth slowed in Dec quarter on muted industrial demand

Loans sanctioned by public sector banks (PSBs) at the end of May 8 stood at Rs 5.95 trillion

It will be a long road to recovery from Covid-19: Axis Bank chief

In a Q&A, the lender's MD & CEO, Amitabh Chaudhry, also dwells on the stimulus package announced by the government, and risk aversion by banks

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings

Credit costs could touch Rs 2.7 trillion

Lockdown 4.0: Normalcy returning for shadow lenders, albeit at a slow pace

Enquiries for fresh loans see uptick

Covid-19 crisis: Banks seek relaxed NPA norms, moratorium extension

Senior bank executives said the Indian Banks' Association (IBA) has already approached the Reserve Bank of India with a plea for easing regulatory norms

Covid-19: Banking slippages may rise by Rs 5.5 trn this fiscal, says report

While slippages from the corporate sector may rise by Rs 3.4 trillion, for non-corporate segments it may increase by Rs 2.1 trillion in FY21

FM Sitharaman to review banking situation, credit offtake with PSB chiefs

The meeting was earlier scheduled on May 11, but due to the stimulus package announcements, it was deferred, they added

Bank credit up 6.74% at Rs 102.69 trn; deposits grow 9.82% to Rs 137.11 trn

In the year-ago fortnight, bank loans had stood at Rs 96.20 trillion and deposits at Rs 124.83 trillion

Govt to use RBI money to support struggling NBFCs for just three months

NBFCs cry foul as they were expecting a two-three year support

It may be time to change the way UCBs and NBFCs raise retail deposits

It may be time to link the higher deposit insurance cover and the way co-operative banks and select non-banks raise retail resources, writes Raghu Mohan

RBI may need to slash rates alongside providing fiscal stimulus: Economists

The only way to boost demand may be lowering interest rates to boost consumption, analysts said

RBI refuses a dozen licences to NBFCs with investments from Mauritius

PE, VC funds domiciled in the island nation on the radar

Moratorium to strain NBFC liquidity even further, bad debts to rise

These firms operate with very little short-term liquidity, which can become even more strained as customers start defaulting even after the moratorium