Page 600 - Finance News

Promoter, PE stake may go up in private banks; IndusInd, HDFC Bank to gain

Lenders are staring at unexpected asset quality losses due to the slowdown in economic activity after the countrywide lockdown.

Banks borrow Rs 2,000 crore from RBI under mutual fund liquidity window

The special repo window, under which banks can borrow up to 90 days to extend loans or buy debt papers of MFs, remains open till May 11. The total amount banks can borrow is Rs 50,000 cr

RBI opens Rs 50,000-crore special liquidity window to support mutual funds

According to the available data, the credit risk fund category saw its assets under management (AUM) dip by another 12 per cent in April to Rs 48,392 crore

RBI to open Rs 50,000-cr special liquidity window to support mutual funds

The liquidity strains have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects

Credit disbursement: Banks face pressure to avoid large-scale slippages

Public sector bank executives point out that banks understand the need to provide critical support to borrowers hit by the lockdown, imposed to contain the spread of Covid-19.

Govt needs clear 'entry and exit plan' on fiscal expansion: Shaktikanta Das

Banks unwilling to take on credit risk in their balance sheets beyond a point, says central bank governor

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