The Real Estate Sector Would Take A Bit Longer To Recover From The Current Covid-19 Pandemic Crisis. With Such All-Pervasive Uncertainty, It Is Going To Be A Roller Coaster Ride For The Remainder Of 2020. Real estate needs money to complete the last mile projects, partially completed projects and t... Read more...
Dr. Joseph Thomas, Head of Research - Emkay Wealth Management on RBI unanimously voting to maintain the status quo on policy rates. As expected, it is status quo on rate, and the emphasis is more on continuing with the accommodative stance, and liquidity enhancement measures, and the restructurin... Read more...
The Reserve Bank of India’s one-time loan restructuring will bring relief to many stressed borrowers. However non-banking financial companies (NBFCs), have been left out of the list of eligible entities. Industry experts believe that this could turn credit negative for NBFCs, which are already ... Read more...
In a major relief to corporate and retail borrowers, the Reserve Bank of India (RBI) allowed banks to go for one-time restructuring of loans that are facing Covid-19 stress, while keeping interest rates unchanged because of prospects of high inflation rates and perilous state of the economy. RBI ... Read more...
Economic experts have welcomed the monetary policy of the Reserve Bank of India (RBI) announced. The Monetary Policy Committee (MPC) has chosen inflation as its priority and kept the key lending rates unchanged at four per cent and reverse repo rate unchanged at 3.35 per cent. Dr Niranjan Hiranan... Read more...
Shobhit Agarwal, MD & CEO – ANAROCK Capital Due to the COVID-19 and subsequent lockdowns across the country, the RBI allowed banks and other lending institutions a three-month loan moratorium on EMIs from March to May 2020. This was later extended by an additional three months up ... Read more...
NITI Aayog had asked Govt to make several banks private by selling them off to private firms. Now, Govt may not sell these banks to private sector, at least not in this financial year. However, Govt is all set to reduce their stake in some PSU banks, as suggested by the RBI. Govt wants to clearly... Read more...
The government is in talks with the Reserve Bank of India to allow borrowers facing financial stress due to Covid-19, put-off their loan repayments further than August 31. Nirmala Sitharaman said her ministry and RBI are working on loan restructuring for certain sectors such as real estate and hospi... Read more...
Reserve Bank of India governor Shaktikanta Das called for the setting up of a resolution corporation to revive failed financial firms. Speaking at the State Bank of India economic conclave, Das said this proposal was part of the Financial Resolution and Deposit Insurance Bill 2017, which was later w... Read more...
The finance ministry said financing requests of close to Rs 10,000 crore have been received under the special liquidity scheme worth Rs 30,000 crore for stressed NBFCs and HFCs whose financials further deteriorated due to the Covid-19 crisis. The scheme was launched on July 1. The Reserve Bank of... Read more...