Page 321 - Reserve Bank Of India

Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020

Note suggests liquidity support, govt guarantee for securities issued by SPVs

Low enough? Emerging central banks deliver more rate cuts to push growth

November marks the 10th straight month of net cuts - the longest easing cycle for emerging market central banks since 2013

Flush with liquidity, RBI is quietly buying bonds from the open market

Till November 22, the central bank bought Rs 4,300 crore of bonds

Only up to Rs 1 lakh of depositor money insured in banks: RBI subsidiary

The corporation covers all commercial banks, including branches of foreign banks functioning in India, local area banks and regional rural banks

HDFC Bank sees signs of rural revival as wider economy remains sluggish

For HDFC Bank, the weaker economy had led to a slowdown in loan growth, which eased to 15 per cent in the September quarter from 23 per cent a year earlier

The monetary dilemma

Effectiveness of the policy needs to be questioned

RBI monetary policy: MPC should go for rate cut of 15 bps, says expert

MPC has room to pause, alongside other central banks, to consider future plans

Experts see 25 bps rate cut by RBI in December, FY20 GDP forecast at 6%

Repo rate now stands at 5.15%, lowest in nine years. A sixth cut this year would mark the longest streak of consecutive rate cuts since the current interest rate framework was introduced 20 years ago

RBI likely to cut rate by 25-35 basis points: Deutsche Bank's Kaushik Das

Real GDP growth has averaged 4.8% YoY in 1HFY20, as against India's potential growth rate of about 6.5-7%

Brace up for the sixth rate cut in a row

In his toughest policy, Shaktikanta Das, who completes his first year at RBI this month, must reassure the market that the fiscal slippage is priced in

India's deepening economic slowdown opens the door for more rate cuts

The Reserve Bank of India will meet days after a report showed growth collapsed to 4.5 per cent in the July-September quarter, the first time it's been below 5 per cent since 2013

Q2 GDP, core sector data may push RBI to cut rates in December: economists

The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services

RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT

DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion

Crisis-hit Yes Bank poised to reveal crucial fund-raising details

Yes Bank Ltd. is expected to name the investors and the amount of money they will contribute after its board signs off on the plan at a meeting on Friday

MFI sector growth falters and defaults rise with Assam protests, slowdown

Natural calamities, over-lending and liquidity issues with NBFCs add to the sector's woes

Top 10 business headlines: ICICI consent plea, labour laws and more

From ICCI's consent plea in Videocon case to extension to 15th Finance Commission, here are the top business headlines of the day

The Mudra problem

Directed lending always builds up bad loans in banks

PMC scam: Court approves sale of two jets, yacht owned by HDIL's Wadhawans

A court here has allowed the RBI- appointed administrator for PMC Bank to sell two airplanes and a yacht belonging to HDIL group promoters Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 4,355-crore scam at the cooperative lender. The administrator had moved the metropolitan court here, seeking its direction to sell movable assets attached by probe agencies in connection with the scam at Punjab & Maharashtra Co-operative Bank (PMC Bank). According to the Mumbai Police's Economic Offences Wing (EOW), the PMC Bank management, in cahoots with the Wadhawans, concealed from the banking regulators' scrutiny huge loan defaults by HDIL group firms. Over 70 per cent of the bank's advances went to HDIL group, which led to a huge crisis when the realty group defaulted on repayment, the EOW had said. The RBI had on September 24 imposed operational curbs on PMC Bank and appointed an administrator following detection of alleged financial irregularities.

RBI to use social media platforms to demystify banking to youths

The focus is on "two-day communication" with the public which is anchored by "transparency, timeliness and credibility"

RBI deputy guv M K Jain flags concerns over rising stress in Mudra loans

Banks need to focus on repayment capacity at the appraisal stage and "monitor the loans through the life cycle much more closely, said M K Jain