The RBI also said it would inject one trillion rupees via 56-day repo operations while offering to take back longer duration one- and three-year cash
Analysts remain skeptical of the timeline to implement the restructuring guidelines and the number of companies that may meet the eligibility criteria
Bankers estimate loans worth Rs 4-4.5 trillion would need recast going by the panel rules
Expected surplus farm output will need careful handling
The committee has selected 26 sectors, including real estate, which will require restructuring based on its analyses of financial parameters hit due to the economic crash caused by the Covid-19
RBI will conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore each on September 10, the central bank said on Monday
Central bank allowed lenders to grant loan moratorium for three months on EMIs falling due between March 1 and May 31; it later extended the scheme until August 31
A week after India reported a significant contraction in its GDP during the April-June quarter of 2020-21 fiscal, Raghuram Rajan has said that the negative GDP growth numbers should alarm everyone
Say Centre, RBI should ensure their policies don't stoke inflation
Changes in priority sector lending should be revisited
There are enough filters in the Covid-19 loan restructuring scheme to prevent misuse, but is it a tool to delay the growth in banks' bad loans? We will know after two years
The financial sector has seen earnings downgrade of nearly 30 per cent amid uncertainty over NPAs build-up
The revised LFAR format will be put into operation for the period covering 2020-21 and onwards, the central bank said
The panel was formed to advise the RBI on the debt restructuring of corporate borrowers facing stress due to the pandemic.
The Reserve Bank of India has told banks that if they buy another 3 trillion rupees ($41 billion) of government bonds, they can park them in a bin that doesn't have to be marked to market
Given the systemic risk aversion, credit growth may take a few quarters to revive on the back of these norms
Advances to weaker section now 12% of credit for scheduled banks and SFBs, rule doesn't apply to foreign lenders with under 20 branches. RRBs already have to lend 15% to weaker sector
Lending limit for health infrastructure doubled to Rs 10 crore, says central bank.
According to India Ratings estimates, retail loans - home, personal, auto, and credit cards - amounting to Rs 30,000 crore may come up for recast
Hopefully, the court will recognise that the legal system should not undermine the financial system