Kolkata: Coal India and its subsidiaries are helping each other with loans to be able to pay salaries and tide over the acute liquidity crisis from rising dues from consumers and falling cash flow during the lockdown. Coal India has lent Rs 300 crore to subsidiary Central Coalfields while Bharat […]
liquidity
NEW DELHI: Microfinance lender Satin Creditcare Network (SCNL) on Tuesday said it can cater to liabilities for the next six-seven months, assuming a scenario of zero collection due to the COVID-19 pandemic, and its liquidity stood at Rs 1,600 crore at March-end 2020. The company said its liquidity position is […]
New Delhi: The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said. Vodafone has advanced infusion of $200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that […]
NEW DELHI: The RBI measures will revive credit flow by commercial banks and targeted long-term repo operation (LTRO) would further activate the corporate bond market and also provide much needed liquidity to NBFCs, Niti Aayog vice chairman Rajiv Kumar said on Friday. The RBI on Friday further eased bad-loan rules, […]
Specialised lending institutions such as NABARD, NHB and SIDBI have been provided a liquidity facility of Rs. 50,000 crores to enable lending to SMEs and the housing sector. Tightening of financial conditions in the wake of the COVID-19 pandemic has made it difficult for these institutions to raise resources from […]
Reserve Bank of India has provided some benefits to banks like maintaining lower liquidity coverage ratio, but at the same time has asked them to raise provisions against accounts which are showing stress. The central bank has reduced the liquidity coverage ratio (LCR) requirement for banks to 80 per cent […]
The RBI today announced a second tarnche of liquidity boost for the economy wth a 25 basis point reverse repo cut taking it to 3.75 per cent from 4 per cent earlier. The move has been taken to allow banks to lend more. It also announced relaxation of asset classification […]
Mumbai: Surplus cash in the banking system has surged to as much as Rs 4.74 lakh crore, surpassing liquidity levels seen four years ago during the demonetisation period. But, the liquidity glut is not bringing interest rates down, as risk-averse banks stay off from fresh loans amid an alarming Covid-19 […]
Mumbai: How many borrowers will use the moratorium on loans? It’s a key question that many banks are grappling with. Some lenders, particularly private sector institutions, fear that if a large number of borrowers refuse to service loans, Reserve Bank of India’s measures to soften the blow from Covid-19 could […]
Former Chairman of SBI, Arundhati Bhattacharya has called for measures to provide liquidity to mutual funds and Non-Banking Financial Institutions (NBFCs) to mitigate the impact of the country- wide lockdown to check the spread of novel coronavirus, saying they need “backstop.” Referring to RBI’s measures announced last Friday to fight […]