Page 292 - Reserve Bank Of India

Covid-19: What India needs right now is a programme to help the destitute

The need of the hour is a rehabilitation programme for those trapped in destitution or near-bankruptcy by the lockdown

New-look inter-creditor agreement on the cards as IBC process suspended

The Indian Banks' Association can be expected to begin formal discussions with the wider banking fraternity over the next fortnight

Time to boost P2P lending

As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders

Only knowledge of the product can protect you against mis-selling

It's important to question the intermediary so that you know more about the product

In search of the right prescription

Policy predictability and an unambiguous long-term blueprint are essential for private investors

Delhi HC asks RBI, Centre to respond to plea for action against Google Pay

The petitioner approached the high court after Google Pay did not allow him to contribute to the PM CARES Fund, without making another VPA or UPI ID on its own app.

Foreign exchange reserves surge by $4.2 bn to $485.31 bn, says RBI

The gold reserves rose by $13 million to $32.291 billion in the reporting week

A lot more needs to be done

While the measures over the last two days focus on some of the structural changes, the economy is now looking forward to steps that would lead to an increase in demand

RBI slaps Rs 5 lakh fine on UCO Bank for violating govt bond holding norms

The Reserve Bank of India has imposed a penalty of Rs 5 lakh on UCO Bank for bouncing of SGL forms

RBI googly on adherence to new Press Note 3 norms puts AIFs in a bind

Raises doubts over drawing down capital from Chinese LPs

Data deficiency

MPC will have to work with an incomplete inflation picture

Banks, NBFCs may see some rally after Rs 6 trn relief package by FM

Investors may pause to see the entire scheme of funding, and impact on bonds

Kotak Bank profit before tax slips 10.6% at Rs 2,674 cr for March 2020 qtr

Profit down due to Covid provisioning and lower other income

China's digital currency moves

With pilot runs for a digital yuan underway, its monetary system could well become an exemplar for other countries

Why RBI shouldn't finance govt borrowings

In a crisis, it is imperative that a country borrows and spends more

Provide govt-backed Rs 3 trn liquidity line to coronavirus-hit unit: FICCI

Govt support to banks estimated at upto Rs 40,000 cr over 5 years

Economy in 'very bad' state, expect financial package in 2-3 days: Gadkari

The minister for MSME, and Road Transport and Highways said the government stands with the industry but it also needs to understand the government's limitations

Fiscal prudence still matters

Govt will need to spend more, but should credibly commit through institutional reform to future transparency and prudence

Beyond borrowings

Govt must present a credible macroeconomic picture

Bond yields expected to jump 15-20 bps on govt's extra borrowing

The excess borrowing will, however, ease the pressure on the RBI's liquidity operation as banks will absorb the excess G-Secs