Bankers request extension of NPA classification norms to 180 days from 90 days currently
The SLTRO will be valid for three years. All SFBs will be eligible to participate in the scheme, which was announced by RBI Governor Shaktikanta Das on May 5 to mitigate Covid-related dislocations
Hospitals to gain most with up to 3.5% dip on cost of funds; may add half a million beds, says rating agency
Earlier, option of earning 40 bps extra was for banks using RBI's Rs 50,000-cr window
The country's foreign exchange reserves swelled by $3.913 billion to reach $588.02 billion in the week ended April 30, 2021, RBI data showed on Friday
Regulatory Review Authority (RRA 2.0) was constituted by the central bank earlier this month to streamline regulations and reduce the compliance burden of regulated entities
The banks' decision to avoid adding more dollars to their offshore account has roiled India's exchange rate in recent days
While top hospital chains reported an average borrowing cost of 9.8% in H1FY21, loans under the special RBI liquidity window for the health care sector are expected to come at around 6%
Central bank's 'immediate objective is to preserve human life and restore livelihoods', says Shaktikanta Das.
While some companies said they were open to borrowing, others felt their working capital cycle was comfortable
According to them, measures such as revisiting classification of bad loans and clearing pending dues from government agencies are also required
This was after the RBI assured the market of ample liquidity and another round of secondary market purchase of Rs 35,000 crore
Special liquidity for SFBs to help low-income groups, say experts
If you opt for restructuring, your interest cost will rise and there could be other charges
The move to avoid the moratorium route is a wise one
RBI meant strict business, with a focus on alleviating financing constraints for economic stakeholders at the grass root level bearing a disproportionate burden of the ravaging Covid second wave
Central bank's measures to mitigate impact of the second wave of infections focus on healthcare.
On tap liquidity for SFBs to address needs of small borrowers
The signal really given by the RBI is that while it does believe today that things have not taken a turn for the worse as all enterprises are better prepared than last year while facing lockdowns