Page 603 - Finance News

RBI steps increase lending, but sector-specific package must: Bankers

RBI by reducing reverse repo rate by 25 basis points has sent clear signals to deploy that money - either by investing markets (bonds and short term paper) or by extending credit

Covid-19: MSMEs cautiously welcome RBI measures, exporters want more

Calls for economic package for distressed sectors continue

RBI promises liquidity support to NBFCs, MFIs dealing with cashflow issues

RBI has put the ball in banks' court on the moratorium issue

IBA to discuss the issue of giving a moratorium to NBFCs on Saturday

A senior executive of a public sector bank said the IBA's management committee meeting would discuss the issue of giving a moratorium to finance firms.

Muthoot Finance to re-open all branches across India from April 20

The branches will function as usual and will adhere to all instructions laid down by the state governments for corporates resuming services from April 20, 2020.

RBI has made life a bit easier for NBFCs, MFIs amid Covid-19 pandemic

The RBI has indicated that it expects inflation to come down by September, which means that more rate cuts are in the offing

RBI measures sufficient, not substantial; Guv doing balancing act: Experts

RBI governor is walking a tightrope, says a former chief statistician

Covid-19: RBI slashes reverse repo rate by 25 bps, no change in repo rate

Earlier, the RBI had reduced the repo rate to a 15-year low of 4.40 per cent by announcing a steep cut of 75 basis points on March 27, only two days after the national lockdown was imposed

Covid-19 impact: Banks raise concern over fresh NPAs of Rs 50K crore

The banks are expected to start credit operations from April 20, in a bid to help a staggered restart of the economic activities

Default-wary banks say won't use RBI funds for low-rated companies

The first TLTRO facility took place on March 27, and so far Rs 1 trillion has already been deployed.

Lenders want more time to finalise working capital needs of large firms

A senior State Bank of India (SBI) executive said in the case of large corporates, where there is consortium and social banking, the decision will be taken in consultation with all the lenders.

Decoding the bullishness on ICICI Bank as other lenders follow caution

All analysts tracking it are optimistic on the stock, which hasn't seen any downgrade so far

Banks to seek extension of moratorium on loan repayments beyond June

CII has sought an increase in credit limits for all regular banking accounts by 25 per cent

Low consumption deepens SBI Cards' woes as Covid-19 lockdown gets extended

Worsening business conditions and sell-off by anchor investors have taken the stock southward

Covid-19 outbreak, YES Bank rescue make small banks vulnerable: Moody's

Public trust in public sector banks will remain strong, underpinned by a perception of strong government protection for them, Moody's said

RBI wants banks to take call on package, moratorium extension for NBFCs

The approach, according to people familiar with the RBI, is that the regulator can only enable the banks to take such commercial decisions

Indian banks issue gag orders to employees over overcrowding: Reports

Some branch staff have complained on social media of the difficulty in imposing social distancing in such conditions, earning a rebuke from employers and even from the police

Private lenders may lose deposits to PSBs due to YES Bank bailout: Report

Moody's said the Yes Bank episode places the country's financial system on "alert" and the rescue in itself "exposes weaknesses in the process to support a failing private sector bank"

Covid-19 impact: Moody's takes rating action on three Indian NBFCs

Muthoot Finance's Ba2 CFR is affirmed and its outlook changed to negative from stable.

ADB triples financial aid for members to $20 billion to fight virus

The Asian Development Bank said it has also approved measures to streamline its operations for quicker and more flexible delivery of assistance