Page 276 - Reserve Bank Of India

RBI refuses to budge on bond rates, rupee strengthens to 6-month high

Central bank seems to have briefly withdrawn from intervening in spot currency markets, even as it continued with its forwards markets intervention

Operating profits of manufacturing companies declined in Q4FY20: RBI

The operating profits of services companies (IT and non-IT) decelerated due to moderation in sales growth during the last quarter of 2019-20, it said

RBI may not extend moratorium on repayment of loans beyond Aug 31: Report

The six-month moratorium period comes to an end on August 31

Stagflation risks grip bond markets, high yields are here to stay: Report

The initial trigger for the spurt in the bond yields was the MPC decision to hold the rates, citing the spike in the inflation print on August 6

RBI launches surveys on consumer confidence, inflation expectations

The results of these surveys "provide useful inputs for monetary policy", the RBI said while announcing the launch of September 2020 round of CCS and IESH through two statements

Covid-19: MIAL headed for debt restructuring under RBI's special window

RBI has formed a panel under the chairmanship of K V Kamath to advise on debt restructuring of corporate borrowers facing stress due to the pandemic.

States' GST revenue shortfall can be bridged by monetising debt, NSSF: SBI

The Centre said a special window can be provided to the states, in consultation with the RBI, for borrowing at a reasonable interest rate

Bank credit grows 5.52% to Rs 102.2 trn in fortnight ended Aug 14: RBI data

Credit to the services sector continued to grow at a robust, albeit decelerated, rate at 10.7 per cent in June 2020 vis-a-vis 13 per cent in June 2019

Next tranche of gold bond opens on Aug 31, issue price at Rs 5,117/gm

The Sovereign Gold Bond Scheme 2020-21 series VI will open for subscription on August 31, 2020 and close on September 4, 2020

Centre gives states two options to meet GST compensation cess shortfall

States given two options to borrow: Rs 97,000 crore or Rs 2.35 trillion, burden of repayment on extension of cess period

Top headlines: States to borrow Rs 2.35 trn, Ladakh situation 'serious'

Here are the top headlines of the day

No pressure from govt to participate in MSME scheme, says SBI chief

Leading bankers welcome term loan installment moratorium announced as economic relief

Unlock BFSI 2.0: Banking — Capital is the key

In this special Business Standard webinar, where RBI Governor Shaktikanta Das delivers the keynote address, the biggest names in the banking industry discuss the importance of capital in these times >

RBI's order could spell trouble for ARC-owning PE funds, say experts

The RBI had recently rejected a resolution plan - approved by the National Company Law Tribunal in June - that proposed selling Aircel's assets to UV Asset Reconstruction Company (UVARC)

Bad bank not only necessary but unavoidable in present situation: Subbarao

D Subbarao made a strong case for setting up a bad bank saying it is not just necessary but unavoidable in the present circumstances when NPAs are likely to balloon

Maintaining macroeconomic stability

It would not be easy to increase interest rates when the output is contracting

Another flaw in PSBs

Containing frauds will need wider reform

Don't hide behind RBI, clarify your stand on loan moratorium: SC to govt

A Bench headed by Justice Ashok Bhushan said the government had failed to clear its position on the issue despite the fact that ample powers were available with it under the Disaster Management Act

RBI surplus transfer to govt lowest in last 7 years, says S C Garg

Earlier this month, the RBI board approved a surplus transfer of Rs 57,128 crore to the central government for Accounting Year 2019-20 (July-June)

Overseas direct investment norms to be made simpler, based on principles

The regulator also intends to introduce late submission fee for delayed reporting of overseas direct investments (ODI) by Indian parties and resident Indians