Page 84 - Latest Updates on Reserve Bank of India
Inflation targeting: Indian experience may have lessons for the world
Rather than butting heads with the fiscal authority, or meekly toeing its line, the central bank should insist on pragmatic, rules-based cooperation
 "Inflation targeting: Indian experience may have lessons for the world")
SC adjourns hearing on loan moratorium as RBI seeks time to file affidavit
The apex court ordered that all decisions taken by the RBI, the Government of India or the banks be placed before it for consideration
 "SC adjourns hearing on loan moratorium as RBI seeks time to file affidavit")
India's road to economic recovery will be a long, hard and painful one
Real GDP in 2021-22 will be lower than in 2019-20 and the economic, social and strategic consequences will be profoundly negative
 "India's road to economic recovery will be a long, hard and painful one")
Economy needs action; govt should exit its bubble and listen to advice
Govt must be open to economists' advice and correct course
 "Economy needs action; govt should exit its bubble and listen to advice")
Why the massive expansion in RBI's balance sheet isn't really extraordinary
As a share of nominal GDP, the balance sheet is well within the levels of the past few years; yet it could influence every sphere of economic activity in the country
 "Why the massive expansion in RBI's balance sheet isn't really extraordinary")
RBI constructing e-payment index to assess extent of digitisation: Official
RBI is in the process of constructing a digital payment index to assess the extent of digitisation in the country and innovation in existing modes and channels to bridge digital divide
 "RBI constructing e-payment index to assess extent of digitisation: Official")
RBI's loan restructuring scheme: Here's how it benefits you
The debt restructuring process involves a reduction of the interest rates on loans or an extension of its repayment tenure, or both
 "RBI's loan restructuring scheme: Here's how it benefits you")
Explained: How to solve the financial sector's capital shortfall
Given that PSBs account for 90% of the shortage, a credible divestment plan would reveal some well-capitalised suitors among private banks
 "Explained: How to solve the financial sector's capital shortfall")
Kamath panel recommendations: 1,027 listed firms eligible for debt recast
These exclude banks, insurers, and NBFC
Loan recast: Things should be back on track in 2 years, says K V Kamath
In an interview to Abhijit Lele, Kamath said challenges faced by non-banking financial companies (NBFCs) should be dealt separately by the regulator
 "Loan recast: Things should be back on track in 2 years, says K V Kamath")
'Sufficient comfort': State-owned lenders back RBI loan restructuring norms
Loan recast ratio guidelines will ensure strong companies make use of the restructuring window, says one executive
 "'Sufficient comfort': State-owned lenders back RBI loan restructuring norms")
Stressed infrastructure accounts see little hope in new RBI norms
The resolution effort may find itself in a conundrum where most road companies may not need it, and power companies may not benefit, say experts
 "Stressed infrastructure accounts see little hope in new RBI norms")
States' unhappiness index on the rise
Centre's proposals on settling states' demand for GST compensation can throw up new challenges
 "States' unhappiness index on the rise")
Resolving stressed assets
The new package should not be used to kick the can down the road
 "Resolving stressed assets")
72% loans affected due to Covid-19, economic recovery improving: K V Kamath
Speaking about the loan restructuring, the chairman said that there will be complications, but "sure that bankers will take a considered decision to reach an equitable proposal"
 "72% loans affected due to Covid-19, economic recovery improving: K V Kamath")
Bond traders in India on edge again amid conflicting signals from RBI
The RBI also said it would inject one trillion rupees via 56-day repo operations while offering to take back longer duration one- and three-year cash
 "Bond traders in India on edge again amid conflicting signals from RBI")
Kamath committee: Analysts applaud criteria, but fear not all may benefit
Analysts remain skeptical of the timeline to implement the restructuring guidelines and the number of companies that may meet the eligibility criteria
Kamath panel identifies 26 stressed sectors, outlines rules for recast
Bankers estimate loans worth Rs 4-4.5 trillion would need recast going by the panel rules
 "Kamath panel identifies 26 stressed sectors, outlines rules for recast")
A silver lining
Expected surplus farm output will need careful handling
 "A silver lining")
Real estate sector welcomes RBI approval of Kamath panel's debt recast plan
The committee has selected 26 sectors, including real estate, which will require restructuring based on its analyses of financial parameters hit due to the economic crash caused by the Covid-19
 "Real estate sector welcomes RBI approval of Kamath panel's debt recast plan")
