Page 595 - Finance News

RBI buys and sells bonds worth Rs 10,000 crore in 'Operation Twist'

Bid and offer pattern shows a healthy market response

IndusInd Bank reports 18% yoy dip in pre-tax profits; sequentially down 76%

The lender reported a 45 per cent jump in net interest income at Rs 3,232 crore in Q4 FY20

YES Bank scam: CBI gets custody of Kapil and Dheeraj Wadhawan till April 29

The duo was arrested on Sunday from a Mahabaleshwar-based quarantine facility, nearly 50 days after they were booked in the case also involving YES Bank CEO Rana Kapoor

NBFCs' foreign lenders face repayment risks as US dollar becomes stronger

Covid has caused disruption in the domestic and global markets, enhancing the risk of default from the rise in cost of repayments due to upheavals in the currency markets

IBA demands recast of loan accounts of small firms amid Covid-19 crisis

The RBI had permitted a one-time restructuring of existing loans to GST-registered MSME units

After pay cuts in corporate sector, youth look to P2P platforms for loans

With no upper limit, interest rates in this sphere can go as high as 35 per cent. However, even with high interest rates, many investors are turning down loan proposals.

From Tata Power to TVS, over 320 firms queue up for moratorium breather

Piramal, Tata Power, and TVS group units figure in list

Forward premia slide as markets see dollar crunch despite crude oil mayhem

The forward premium comes down when the demand for the spot is more than the future dollar

Covid-19 crisis: SBI to disburse Rs 700 cr to MSMEs in Mumbai by June

Among all banks, SBI controls a market share of 22% in the MSME lending

Coronavirus impact: RBI's TLTRO 2.0 gets cold-shoulder from banks

Reluctant to lend to NBFCs, MFIs in current situation

Currency in circulation continues to remain high amid Covid-19 lockdown

Currency in circulation (CIC), in the fortnight ended April 10 stood at Rs 49,554.30 crore

Sidbi to provide liquidity support to NBFCs, MFIs with 90-day term loans

NBFCs and MFIs have been hit on two fronts, with collections dipping due to the covid-19 lockdown, and the three-month moratorium extended to their borrowers

MFIN may pool securities to access funds for small MFIs under TLTRO 2.0

Credit enhancement would entail guarantee from bigger institutions in case of defaults up to a certain percentage

Weak economic outlook to give small finance banks more time to get listed

Five small finance banks, including Equitas SFB, are due for listing by 2021

RBI to buy and sell Rs 10,000 cr in bonds to manage its balance sheet

According to the latest available figures, the Reserve Bank of India had about Rs 9 trillion worth of bonds on its books

Govt pushes lending, asks banks for daily reports of loans allowed: Report

The finance ministry, in a letter dated April 17 and seen by Reuters, asked banks to furnish detailed data on new loans, including particulars on what sectors were getting them

Covid-19 impact: Banks ignore RBI's TLTRO in order to avoid NBFC exposure

The latest auction was part of the TLTRO 2.0, through which RBI had planned to infuse up to Rs 50,000 crore, to begin with.

NBFCs may fall by the wayside without a major forbearance package

Even after the Reserve Bank of India 'permitted' banks to offer a three-month moratorium to borrowers (of all hues), NBFCs continue to run from regulatory pillar to post to avail of it

Quick approval, grace period: Medical insurance process eased amid Covid-19

Use instalments to increase cover; benefit from quick approvals

Arrears' collection will be tricky

We need to understand the nature of the astronomical tax arrears' figure of Rs 9 trillion