by Lois C. Ferrara | May 5, 2020 | Business News
Mumbai: Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown. NBFCs have also demanded for extension of the Reserve Bank of India’s moratorium to them, relaxation on […]
by Lois C. Ferrara | Apr 30, 2020 | Business News
Mumbai: The Reserve Bank of India (RBI) is looking to raise the 15% ceiling on promoter shareholding in private sector lenders as part of new rules that are being drawn up, said people with knowledge of the matter. Voting rights will however be capped at 15-20%, they...
by Lois C. Ferrara | Apr 29, 2020 | Business News
NEW DELHI: Based on the Right to Information response of the Reserve Bank of India, Congress leader Rahul Gandhi on Tuesday accused the Centre of trying to hide the names of the “friends of the BJP” who are among the defaulters. Gandhi’s question on the top 50 bank...
by Lois C. Ferrara | Apr 25, 2020 | Business News
MUMBAI: At least 328 entities across sectors, including state-owned and those backed by big conglomerates, have opted for availing the Reserve Bank’s three-month moratorium on their debt repayments, rating agency Icra said on Saturday. The list of entities,...
by Lois C. Ferrara | Apr 25, 2020 | Business News
NK Singh, chairman of the 15th Finance Commission, said the Fiscal Responsibility and Budget Management (FRBM) Act allows the Reserve Bank of India (RBI) to lend to the government, but he doesn’t favour such a move. Singh said states can use the escape clause of 0.5 %...
