Page 295 - Reserve Bank Of India

Head versus heart

This is a false dichotomy, the Indian economy can be rebooted and the Covid-19 virus contained concurrently

RBI to buy and sell Rs 10,000 cr in bonds to manage its balance sheet

According to the latest available figures, the Reserve Bank of India had about Rs 9 trillion worth of bonds on its books

Covid-19 impact: Banks ignore RBI's TLTRO in order to avoid NBFC exposure

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.

NBFCs may fall by the wayside without a major forbearance package

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

HFCs: Home alone

'The burden of unsold inventory of over half a million housing units in the top 7 cities will worsen due to impact of the pandemic. Business process re-engineering will hold the key to the future'

Is this a good time to invest in gold bonds? Yes, but do it wisely

The advantages are plenty. There are no hassles such as purity checks, making charges, and locker charges

The fiscal response challenge

In terms of policy response, governments and central banks are intervening aggressively in the advanced economies

Top 10 biz headlines: Brent crash adds to oil chaos; bank notice to malls

Here are the top 10 business headlines on Wednesday

RBI extends deployment time limit to 45 days from 30 under TLTRO 2.0

The extension has been granted based on the feedback received from banks and taking into account the disruptions caused by COVID-19, RBI said in a statement

Top headlines: Oil plunges below zero, Sebi heat on Chinese investors, more

Here are the top 10 headlines for Tuesday

Covid-19 impact: RBI increases centre's WMA limit sharply to Rs 2 trillion

Ways and means advances (WMA) are temporary liquidity line given by the central bank to the government to meet short-term expenditure needs of the government

Coping with the lockdown

Given the scale of demand contraction, we need a fiscal package of at least 3-4 per cent of GDP

A long haul

India should not declare a premature victory against Covid-19

Protecting crown jewels

India has done well to follow in the footsteps of Germany, France and Australia among others by introducing provisions to safeguard its businesses

Debt market friction

A slow recovery will increase credit risk

Letter to BS: RBI's measures to tackle Covid-19 are in the right direction

By lowering the reverse repo rate further, the RBI has disincentivised banks from parking their surplus funds with it

Can rate cut force banks to lend?

Credit guarantee by the government for banks' fresh loans to certain segments might do the trick at a small fiscal cost

Watch out for April SIP numbers

Treat exit by retail investors as a contrarian signal for entering equities

RBI moratorium: 10% provisioning may shave Rs 35,000 cr off bank profits

Banks will have to categorise the moratorium loans as special mention accounts (SMA) wherein loans are in the 0-90 days overdue buckets

Covid-19: At Rs 43.5 trn by March, Indian households' debt at record high

Indian households had debts worth nearly Rs 43.5 trillion at the end of March this year, up from Rs 6.6 trillion at the end of March 2008 and Rs 19.3 trillion five years ago at the end of FY15