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Business News

NBFCs ask RBI for one-time restructuring of all loans till Mar 2021

May 5, 20203 min read Lois C. Ferrara

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

loans, Mar, NBFCs, onetime, RBI, restructuring
Business News

RBI may raise promoter holding cap in private banks

April 30, 20203 min read Lois C. Ferrara

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

banks, cap, holding, private, promoter, raise, RBI
Business News

Based on RTI response of RBI: Rahul Gandhi accuses govt of trying to hide names

April 29, 20202 min read Lois C. Ferrara

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

accuses, based, Gandhi, Govt, hide, names, Rahul, RBI, response, RTI
Business News

RBI: About 328 entities opt for RBI’s 3-month moratorium: Icra

April 25, 20203 min read Lois C. Ferrara

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

3month, entities, ICRA, moratorium, opt, RBI, RBIs
Business News

Finance Commission against RBI lending to centre

April 25, 20203 min read Lois C. Ferrara

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

centre, Commission, Finance, lending, RBI
Business News

Sri Lanka to seek $ 400 million financial facility from RBI to meet short term needs

April 24, 20203 min read Lois C. Ferrara

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

facility, financial, Lanka, meet, million, RBI, seek, short, Sri, term
Business News

RBI measures for NBFCs unlikely to boost credit flow to broader economy: Moody’s

April 19, 20202 min read Lois C. Ferrara

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

boost, broader, credit, economy, flow, measures, Moodys, NBFCs, RBI
Business News

Money changers ask RBI to direct PSU banks to buy forex from them

April 18, 20202 min read Lois C. Ferrara

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

banks, buy, changers, Direct, forex, money, PSU, RBI
Business News

RBI measures to expand bank credit, boost liquidity: Niti Aayog

April 17, 20202 min read Lois C. Ferrara

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

Aayog, Bank, boost, credit, expand, liquidity, measures, Niti, RBI
Business News

In relief to borrowers and banks, RBI exempts accounts with moratorium benefits from asset recognition norms for 90 days

April 17, 20203 min read Lois C. Ferrara

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

accounts, asset, banks, benefits, borrowers, days, exempts, moratorium, norms, RBI, recognition, relief

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