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View: Reserve Bank of India’s loan restructuring; atoning past sins
After months of debate, Governor Das unveiled one that rested on the Prudential Framework for Resolution of Stressed Assets issued in June 2019, a palatable formula born out of a legal tussle between bankrupt borrowers and a regulator entrusted with safeguarding the common man’s nest egg.
Share market update: Bank stocks up ahead of RBI's policy outcome
The Nifty Bank index was trading 0.36 per cent up at 21587.8.
Finance Minister Nirmala Sitharaman's meeting with heads of public sector banks gets deferred
According to sources, the meeting has been defe...
IFC commits $10 million investment in Endiya Partners-II
Endiya said its investment strategy addresses a funding gap in the venture capital spectrum in India between Angel and Series A investments, enabling entrepreneurs to find a value accretive partner to further the development of their vision to build a sustainable business model.
MSME loan losses will rise sharply if economy takes time to revive: Amitabh Chaudhry
We have seen the most amount of moratorium coming from the MSME and SME sectors, says MD & CEO, Axis Bank. MSME loan losses will rise sharpl...
RBI stimulus: Which sectors will gain the most?
RBI has just delivered the biggest rate cut, bringing the repo rate to an all-time low of 4.40%. It has also cut the CRR by 100 basis points...
On lending by banks to NBFCs, HFCs to be part of priority sector in FY21: RBI
The move will help boost credit disbursement in the targeted segment like agriculture, MSME and housing sector. After undertaking a review, it has been decided to extend the priority sector classification for bank loans to NBFCs for on-lending for 2020-21, RBI said in a statement.
Axis Bank to raise up to Rs 10,000 crore via QIP
The banks is likely to raise around Rs 10,000 crore, ET Now said on Tuesday, adding that Bain Capital may get preferential allotment.
Public sector banks sanction loans worth Rs 5.66 lakh crore for March-April period
The borrowers represented the micro, small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors, which was indicative of an economic revival, said finance minister Nirmala Sitharaman’s office in a tweet on Thursday.
Sale of used cars in top gear in India amid coronavirus pandemic
Pandemic is only the latest blow; the headwinds have been gathering for the industry for a while. In 2019-20, passenger vehicles sales dipped by 18%, from 3.2 million in 2018-19 to touch 2.78 million. The future looks grim — in 2020-21, CRISIL forecasts that passenger vehicle sales will dip by 25% to touch 2.1 million. In this plethora of bad news, pre-owned or used car market is emerging as a silver lining.
HDFC Bank surges 5% as RBI approves appointment of the new CEO
A board meeting will also be convened in due course to approve his appointment.
YES Bank jumps 2% as Moody's upgrades lender's rating by a notch
Following the development, the stock rose 2.25 per cent to Rs 12.25 on BSE. The scrip had gained half-a-per cent in the previous session.
Sector & stock-specific play is still available in midcap segment: Aashish Somaiyaa
‘People are a bit circumspect and there is a lot of wait and watch behaviour going on’
ICICI, Yes Bank ask BharatPe to stop taking deposits in their names
The move comes amid heightened scrutiny by the Reserve Bank of India of the burgeoning digital payments ecosystem.
RBI launches latest round of quarterly survey on manufacturing sector
The RBI has been conducting the OBICUS of the manufacturing sector on a quarterly basis since 2008. The RBI further said that the company level data collected during the survey are treated as confidential and never disclosed.