Move will help restart projects stuck due to Covid-19. Both buyers and developers will stand to gain when these projects eventually see the light of day
Says outstanding debt on date of invocation will be eligible for restructuring under regulatory scheme for borrowers facing financial stress due to Covid-19
The RBI has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related resolution framework issued in Aug
Industrial activity bore the brunt of localised lockdowns and work restrictions in August, chipping away nearly a tenth of the factory output
After Vishwanathan demitted office in March, these departments were allocated to the remaining three deputy governors
It pared repo rate by 40 bps on May 22, on top of a 75 bps cut on March 27, brought liquidity enhancing steps that stabilised bond yields even in the face of a Rs 12 trn borrowing programme
Rao was executive director of the Reserve Bank before being elevated to the post of deputy governor. He took the new charge last week
Here's a selection of Business Standard opinion pieces for the day
By facilitating the OMOs, the central bank is assuming a much bigger role than earlier. Some have started comparing the RBI with European Central Bank
RBI has a difficult task of meeting multiple targets
UltraTech, Shree Cement, JK Cement, and Ambuja Cements among analyst picks
By value, they have grown from Rs 920.38 trillion to Rs 1,623.05 trillion, clipping at a CAGR of 15.2%
RBI said, a long moratorium exceeding six months can impact the credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments
Here's a selection of Business Standard opinion pieces for the day
RBI's accommodative policy may benefit companies as India heads into the festive season
Helped by pent-up demand and inventory push ahead of the festive season, earnings growth in September quarter is anticipated to be better than June's performance
Extend gains for seventh straight session; Sensex rises 326.82 points
The TLTRO will be for tenors of up to three years and for a total amount of up to Rs 1 trillion at a floating rate linked to the policy repo rate for banks
As growth recovers, the MPC said inflation would moderate towards the range 4.5-5.4 per cent in the remainder of FY21.
RBI to run 'accommodative' stance as long as necessary and even entering the next year