Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%
Rs 47,000 crore raise by private banks in two months may be just adequate to meet the provisioning costs
RP-Sanjiv Goenka Group Chairman Sanjiv Goenka said that "a big banyan tree of Indian democracy" is no more
The government has invoked "act of God" for not paying its due to the states directly
Top bank executives attempted to shed the tag of being risk-averse and averred that viable businesses would get the red carpet from lenders
Most bankers who participated in the Business Standard Unlock BFSI 2.0 webinar event held on Thursday felt that they expect better indicators of the economy in the third quarter of the financial year
Central bank seems to have briefly withdrawn from intervening in spot currency markets, even as it continued with its forwards markets intervention
The Reserve Bank of India (RBI) would consider a "very careful, very calibrated unwinding of emergency measures" for the economy once an end to the coronavirus pandemic was in sight, Governor Shaktikanta Das said on Thursday, urging banks to strengthen their finances. “Banks' balance sheets will be under stress — that is stating the obvious. What is more important is how banks react and respond to the challenge," Das said while delivering the keynote address at the finale of Business Standard’s six-part webinar series ‘Unlock BFSI 2.0’.
What is desirable is focus on governance, focus on risk management, focus on quality of decision making and building up resilience, according to RBI Governor Shaktikanta Das
Current pandemic-related shock has placed a greater pressure on banks, and this may lead to an erosion of their capital. Tune in to this podcast to know Governor Shaktikanta Das' take on the matter
Heads of various banks sought to present a counter narrative on Shaktikanta Das warning lenders about the perils of risk aversion in the pandemic-stricken environment where credit demand is waning
Here are the top headlines of the day
There would be a very careful recalibration of emergency measures once an end to Covid-19 was in sight, RBI Shaktikanta Das said while delivering the keynote address at the BS Unlock BFSI 2.0 webinar
He was speaking on the theme "It is Time for Banks to Look Deeply Within: Reorienting Banking Post-Covid"
The bankers were responding to RBI governor Shaktikanta Das's statement that banks risked their own growth by being "extremely risk averse"
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 >
Why are the bond yields hardening when there is ample liquidity in the system and RBI is willing to do anything to ensure a non-disruptive market borrowing by the government?
Business Standard opinion pieces for the day talk about, among other things, how the government is performing
On rate cuts, governor says RBI will intervene when needed
The committee on business loan resolution would submit its recommendations within one month and the central bank will soon release its final guidelines on the issue