A total of 18 companies including Biocon, Escorts, and Manappuram Finance are scheduled to announce their results today
Addressing a virtual conference organized by All India Management Association (AIMA), the CEA said the economy will witness a V-shaped recovery
Home buyers, on the other hand, will have to wait longer to take possession
Investors may pause to see the entire scheme of funding, and impact on bonds
Among 15 measures announced - 6 are for MSMEs, 2 related to EPF and 2 related to MFIs, 1 to discoms, 1 to contractors, 1 to real estate, and 2 tax measures
The credit angle is interesting for them as the Rs 3 trillion to be disbursed by banks would go as collateral free debt for four years with a 12-month moratorium
A large section of MSMEs is creditworthy and micro retail borrowers' cash flow allows them to repay bank loans fast
The FM will take stock of the credit sanction and disbursement by the banks since March 1, 2020, and the Covid-19-related emergency credit lines opened by the lenders
Moody's rating on the government of India is Baa2 with negative outlook
NPA level of public sector banks has increased from 18 per cent in December 2018 to 19 per cent in December 2019
The outflows seen in March are a quarterly and annual phenomenon whereby some institutional and corporate investors redeem and re-invest at the start of the new quarter/year, says Sivakumar
Considers 25 fresh credit proposals from shadow banks
Mutual Funds say they didn't need to use their liquidity line fully
Suggestions from various quarters, including from Indian Banks' Association, have come for the further extension of moratorium and the RBI is actively considering them, according to sources.
Relaxation likely on branch audit as Guv meets bankers
Industry has also pitched for SPV with initial funding from govt, to help refinance small and mid-sized NBFCs
The overall sectoral exposure to NBFCs, including housing finance companies, fell to 19% in March 2020
ARN is a unique code allotted to intermediaries by the Association of Mutual Funds in India (Amfi)
NBFCs may be forced to dig into their cash reserves if systemic liquidity support dries up
Reluctant to lend to NBFCs, MFIs in current situation