Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.
Among other important announcements, he announced a reduction in reverse repo rate by 25 basis points from 4 per cent earlier to 3.75 per cent now
In his bid to fight the coronavirus (Covid-19) induced slowdown, the governor has made it clear that he doesn't want banks to park money with the RBI.
The RBI has indicated that it expects inflation to come down by September, which means that more rate cuts are in the offing
Avoid banks and NBFCs with a high proportion of unsecured and small, medium enterprises loans
In the absence of clarity, NBFCs are staring at huge repayment obligations at a time when their liquidity cover is declining
The approach, according to people familiar with the RBI, is that the regulator can only enable the banks to take such commercial decisions
Muthoot Finance's Ba2 CFR is affirmed and its outlook changed to negative from stable.
Lockdown was a brave decision. Now, policy-making requires a similar display of boldness
Repayment moratorium should be extended to NBFCs
Here's a selection of Business Standard Opinion pieces for the day
The only way to save the financial system and the economy is the Reserve Bank relaxing banks' asset classification norms
Most banks are yet to decide on giving moratorium to shadow lenders
Sebi is likely to allow corporate houses to treat unlisted non-convertible debentures as 'term loans'.
Business Standard brings to you the top headlines of the day
RBI had announced a relief package which included a three-month moratorium on payment of all term loans outstanding as on March 1, 2020
We need businesses up and running and people back at work - and swift extraordinary actions to make this happen
PayNearby's managing director & chief executive officer plans to raise $50 million through equity dilution in what is inherently a 'people's business'
It's time for thoughtful decisions through 2020 and 2021, where the desired outcome is one where private investment in 2025 is superior to the value seen in 2011 in real terms
In the world of finance, a moratorium is a temporary suspension of an activity in response to sudden financial hardships