A large section of MSMEs is creditworthy and micro retail borrowers' cash flow allows them to repay bank loans fast
The FM will take stock of the credit sanction and disbursement by the banks since March 1, 2020, and the Covid-19-related emergency credit lines opened by the lenders
Moody's rating on the government of India is Baa2 with negative outlook
NPA level of public sector banks has increased from 18 per cent in December 2018 to 19 per cent in December 2019
The outflows seen in March are a quarterly and annual phenomenon whereby some institutional and corporate investors redeem and re-invest at the start of the new quarter/year, says Sivakumar
Considers 25 fresh credit proposals from shadow banks
Mutual Funds say they didn't need to use their liquidity line fully
Suggestions from various quarters, including from Indian Banks' Association, have come for the further extension of moratorium and the RBI is actively considering them, according to sources.
Relaxation likely on branch audit as Guv meets bankers
Industry has also pitched for SPV with initial funding from govt, to help refinance small and mid-sized NBFCs
The overall sectoral exposure to NBFCs, including housing finance companies, fell to 19% in March 2020
ARN is a unique code allotted to intermediaries by the Association of Mutual Funds in India (Amfi)
NBFCs may be forced to dig into their cash reserves if systemic liquidity support dries up
Reluctant to lend to NBFCs, MFIs in current situation
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.
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
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
According to Sebi data, MFs had Rs 1.38 trillion debt exposure to NBFCs, of which Rs 51,014 crore was in less than 90-day debt papers, as of March 31, 2020
In an interview with Surajeet Das Gupta, Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, charts out the challenges and way forward for the economy as well as NBFCs
The RBI has so far not provided any clarity on whether banks will grant moratorium to the shadow lenders on the loans they have availed