Page 298 - Reserve Bank Of India

Cash-starved and desperate, states borrow at steep rate in lockdown

According to the schedule, 19 states had lined up to borrow up to Rs 37,500 crore, but they managed to raise Rs 32,560 crore.

Pandemic distress

We need businesses up and running and people back at work - and swift extraordinary actions to make this happen

Covid haze in an Indian maze

India's unique characteristics may add a layer of uncertainty to its Covid outcome; policymakers should be prepared

Covid-19 impact: Confusion over moratorium norms hit smaller MFIs hard

Many are worried about not being able to meet their loan obligations this month; several either have started defaulting or are about to

SBI reduces MCLR by 35 bps, cuts savings rate by 25 bps on all deposits

SBI rate cut: The savings rate has been reduced to 2.75 per cent from 3 per cent

RBI relaxes overdraft facility norms for states, UTs until September 30

The number of days for which a state/ UT can be in overdraft in a quarter has been increased to 50 working days from the current 36 working days

Rush hour and tougher questions ahead for both Mint Road and banks

Piecemeal regulatory forbearance will not go far and tougher questions will be asked of both Mint Road and banks, reports Raghu Mohan

Ours is open-banking model of the times: PayNearby's founder & CEO Bajaj

PayNearby's managing director & chief executive officer plans to raise $50 million through equity dilution in what is inherently a 'people's business'

Lockdown and rewiring banks

Key areas which have been impacted are third-party vendors and their talent working on banks' premises. A changeover to move data to the vendor is a risk that needs to be evaluated by all banks

Beyond virus: Setting course for a V-shaped recovery with right decisions

It's time for thoughtful decisions through 2020 and 2021, where the desired outcome is one where private investment in 2025 is superior to the value seen in 2011 in real terms

Rupee payments allowed for exports to Bhutan under RBI guidelines: Expert

Acceptance of LUT for supplies of goods or services to countries outside India will be permissible irrespective of whether the payments are made in Indian currency or convertible foreign exchange

Covid-19: Shoring up states financial muscle in times of a crisis

According to the RBI's indicative calendar for borrowing by the states in the April-June quarter, they are expected to borrow Rs 1.27 trillion

Covid-19 relief: Staggered 180-day bad-loan breather on cards for banks

RBI may allow relaxation in delinquency period, go easy on additional collateral requirements

The fiscal gridlock

Budget constraints of states need immediate attention

Decoding the 3-month moratorium

In the world of finance, a moratorium is a temporary suspension of an activity in response to sudden financial hardships

Think twice before availing RBI moratorium on your credit card dues

The accumulated dues will be very high, given the high interest cost on credit cards

How gold holdings can ease credit flows

If gold held by the top 30% of Indian households can be mobilised, it can be used for dollar swaps, while depositors could be provided low-cost credit for longer tenures

RBI shortens forex, money market trading hours amid coronavirus lockdown

Apex bank announces change in market timing, trading hours to function from 10 am to 2 pm

RBI shortens business hours of money markets, cites impact of lockdown

The thinning out of activity is impacting market liquidity, the central bank said in a statement

Covid-19 relief: Citi Bank releases FAQ on deferred EMIs and its impact

RBI had ordered a moratorium of three months on EMIs