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 […]
RBI
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 said. The move […]
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 defaulters had […]
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, rated by it, include Air India Express, ONGC Petro Additions, entities from […]
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 % over the 3% […]
Colombo: Sri Lanka is set to enter into an agreement with the Reserve Bank of India for a currency swap worth $400 million to boost the foreign reserves and ensure the financial stability of the country which is badly hit by the COVID-19 pandemic, a top minister has said. The […]
NEW DELHI: The Reserve Bank of India’s (RBI) measures to help facilitate funds to the NBFC sector is unlikely to boost the credit flow to the broader economy as NBFCs would shore up their own liquidity rather than on-lending to customers, Moody’s Investors Service said on Sunday. Moody’s Investors Service […]
New Delhi: Small currency exchange providers stuck with excess foreign exchange for the past one month following travel bans want RBI to direct State Bank of India (SBI) and other PSU banks to buy currency from them as they expect a 6-8 month lull in international travel following the Covid-19 […]
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, […]
The Reserve Bank on Friday announced an asset classification standstill for three months to May 31 but asked banks to set aside additional money as provisions against loan accounts where the 90-day moratorium on repayments has been utilised. On March 27, it had given term-loan borrowers the option of a […]