Page 601 - Finance News

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

HFCs: Home alone

'The burden of unsold inventory of over half a million housing units in the top 7 cities will worsen due to impact of the pandemic. Business process re-engineering will hold the key to the future'

RBI asks banks to continue with incentives on crop loans, govt to foot bill

Many farmers couldn't visit banks to pay dues on short-term crop loans in the wake of the Covid-19 lockdown and restrictions on movement of people

NBFCs stare at 30-70% fall in FY21 earnings due to coronavirus pandemic

According to an Edelweiss report, Rs 1 trillion non-convertible dentures (NCDs) and Rs 1.2 trillion commercial papers (CPs) are due for maturity in May and June

Fearing NPAs, banks shoot off notices to malls for loan repayment

Banks want tenants to make payment in escrow accounts

RBI extends deployment time limit to 45 days from 30 under TLTRO 2.0

The extension has been granted based on the feedback received from banks and taking into account the disruptions caused by COVID-19, RBI said in a statement

ICICI Bank confirms exposure to Singapore-based oil trader Hin Leong

The Bank did not elaborate the extent of its exposure and the steps it is taking to protect its interest