Sunday, November 28, 2021


Reserve Bank’s MPC begins deliberations

Industry expects a status quo on benchmark rate on account of uncertainty over the impact of Covid second wave

Non-food bank credit grows at 5.7 pc in April: RBI data

Growth in loans to micro and small industries accelerated to 3.8 per cent in April this year as compared to a contraction of 2.2 per cent a year ago.

Banks begin process of restructuring of loans up to Rs 25 cr

The Bank of India has sent messages to its eligible customers to submit their willingness to debt recast online.

Let the wheels of economy roll

Creating safe working zones is necessary, for it is not possible to perpetually fear and abstain from livelihood activities

RBI flags risk of bubble in Indian equity markets

The stock markets are mainly driven by money supply and foreign portfolio investor (FPI) investments, the apex bank said.

Industry body FTCCI seeks support for MSMEs

Moratorium should be extended up to March 2022 on all EMIs of term loans as well as interest on cash credit accounts.

Banks need to closely monitor asset quality, prepare for higher provisioning: RBI

The waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020 may put stress on banks' financial health.

CII wants RBI to review circular on appointment of bank, NBFC auditors

It also suggested to re-consider severe restrictions on capacity and eligibility requirements, limit on number of audits.

Editorial: No cause for celebration

Painting a rosy picture based on April's GST collections could be a miscalculation as all indicators point to a grim picture of the economy

Shaktikanta Das asks PSBs to quickly implement measures announced by RBI

Earlier this month, the governor had announced a slew of measures, including term liquidity facility of Rs 50,000 crore to ease access to emergency health services.

Editorial: RBI’s timely succour

It is up to the Centre now to complement RBI’s efforts to revive the economy with appropriate policy interventions

Rs 50K cr on-tap term liquidity facility opened to ease access to emergency health services

Banks desirous of deploying their own resources without availing funds from the RBI under the scheme for lending to the specified segments mentioned above will also be eligible for the incentives.

RBI announces Rs 50K cr liquidity window for Covid-related health services

Banks may deliver these loans to borrowers directly or through intermediary financial entities regulated by the RBI.

RBI allows loan restructuring for individuals, MSMEs hit by COVID-19 wave

Borrowers that are individuals and micro, small and medium enterprises (MSMEs) having an aggregate exposure of up to Rs 25 crore would be considered for the new scheme.

RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

However, non-deposit taking NBFCs with asset size below Rs 1,000 crore have the option to continue with their extant procedure.

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