• A Peek Into The Markets: US Stock Futures Fall; Inflation Data In Focus 12 May 2021 10:15 Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones dipped over 470 points in the previous session. The Consumer Price Index for April will be released at 8:30 a.m. ET. Analysts expect consumer prices rising a …
  • RBI may put onus on lenders to monitor loan apps 12 May 2021 10:03 The Reserve Bank of India's working group on digital lending is all set to lay down strict governance and regulatory rules for loan recovery by online lending apps. Mumbai: The Reserve Bank of India’s (RBI) working group to regulate unsupervised …
  • ASX 200 sheds 52 points at closing; Australia shares end lower as inflation woes dent global equities 12 May 2021 09:48 Australian shares fell on Wednesday, dragged down by financials and miners, as global investors fretted over whether a potential spike in U.S. inflation could force the Federal Reserve to raise rates earlier than planned. The S&P/ASX 200 index …
  • Taiwan leads losses as Asian markets fall on inflation anxiety 12 May 2021 09:48 Taiwan stocks closed 4 per cent lower on Wednesday and clocked their worst day in more than a year as authorities mulled tighter restrictions to tackle COVID-19 cases, while other Asian equities fell on concerns of growing U.S. inflationary pressure. …
  • Companies temporarily halt work, help staff as coronavirus ravages India 12 May 2021 06:49 Some companies in India are temporarily halting business or offering unusual assistance to employees as a devastating wave of the coronavirus sickens and kills hundreds of thousands. Feng Tay will suspend its Indian factories for 10 working days to keep …
  • Several businesses suspend operations in India, help staff as coronavirus ravages 12 May 2021 06:07 Some companies in India are temporarily halting business or offering unusual assistance to employees as a devastating wave of the coronavirus sickens and kills hundreds of thousands. Feng Tay will suspend its Indian factories for 10 working days to keep …
  • RemitGuru to raise $50 million from a group of investors including Paytm, Infibeam 12 May 2021 05:10 Fintech startup RemitGuru is in talks to raise around $50 million or about Rs 350 crore from existing and new investors including Paytm, Avenues, Pentathlon Ventures and investor Ashish Kacholia, two people with direct knowledge of the matter said. While …
  • Loan rangers 12 May 2021 05:10 Good morning, The RBI will soon release draft rules for banks and non-banking financial institutions that will hold them accountable for the loan apps they partner with. It’s part of a wider effort to reign in unscrupulous loan apps, many from China, that …
  • Moody’s cuts India growth forecast, warns of severe and prolonged stress 11 May 2021 23:46 New Delhi, May 11 (IANS) Moody’s Investors Service on Tuesday revised its India GDP forecast down to 9.3 per cent from 13.7 per cent for fiscal 2021. “As of now, we expect the negative impact on economic output to be limited to the April to June quarter, …
  • Covid’s rural spread strains microfinance firms, NBFCs 11 May 2021 21:23 The microcredit sector was gradually recovering from the first wave when the second wave struck. Industry analysts said that while last year’s outbreak left the rural areas largely untouched, the situation is vastly different now. Collections plunged in …
  • Encouraging Signals Outweigh Realistic Concerns 11 May 2021 18:48 By Rebecca Felton, Senior Market Strategist, RiverFront Investment Group Looking Ahead to 2022 with ‘Realistic Optimism’ Stock valuations are driven by future expectations. That mindset proved beneficial to equity investors who were willing to look towards …
  • Microfinance sector seeks RBI's additional support to combat second wave 11 May 2021 17:47 The microfinance industry has sought additional support, including an extension of the emergency credit line, from the Reserve Bank of India to combat the challenges arising out of the second COVID-19 wave. Sa-Dhan an association of the microfinance sector …
  • Mid-Day Market Update: 3D Systems Rises After Upbeat Earnings; Larimar Therapeutics Shares Slide 11 May 2021 16:17 Midway through trading Tuesday, the Dow traded down 1.36% to 34,272.01 while the NASDAQ fell 0.49% to 13,336.62. The S&P also fell, dropping 1% to 4,146.49. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total …
  • Gold futures drop below Rs 47,800/10 gm, silver near Rs 71,750/kg: Should you take positions? 11 May 2021 15:58 Domestic gold futures remained under pressure for the most part of the day after giving up initial gains on Tuesday as international spot rates took a breather a day after touching a three-month peak. Sharp losses in equities and weakness in the dollar …
  • Microfiance sector seeks RBI's additional support to combat COVID-19 second wave 11 May 2021 15:55 NEW DELHI : The microfinance industry has sought additional support, including an extension of the emergency credit line, from the Reserve Bank of India to combat the challenges arising out of the second COVID-19 wave. Sa-Dhan an association of the …
  • Mid-Morning Market Update: Markets Open Lower; TransDigm Profit Tops Estimates 11 May 2021 15:04 Following the market opening Tuesday, the Dow traded down 1.68% to 34,157.88 while the NASDAQ fell 1.65% to 13,181.13. The S&P also fell, dropping 1.67% to 4,118.33. The U.S. has the highest number of coronavirus cases and deaths in the world, …
  • CRYPTOCURRENCY AND MONETARY POLICY OF INDIA 11 May 2021 13:49 INTRODUCTION Cryptocurrency is a virtual or Digital currency. It is the outcome of consistent growth of information technology in the last three decades. The fear is expressed whether emergence of this digital currency would render Central Banks obsolete. …
  • Moody's lowers FY22 growth forecast to 9.3 per cent 11 May 2021 13:08 Global economic research and sovereign rating firm Moody’s on Tuesday lowered India’s growth forecast to 440 basis points per cent for FY 2021-22. However, it has upped the estimate for FY 2022-23 to 170 basis points. (One hundren basis points mean one …
  • Benign food prices likely dragged April inflation to three-month low: Poll 11 May 2021 12:40 Indian retail inflation likely eased to a three-month low in April on softening prices for vegetables and other perishable foods, a Reuters poll suggested, bringing the headline rate closer to the midpoint of the Reserve Bank of India’s medium-term target. …
  • IPL ads, Dogecoin frenzy may have triggered 'informal' curbs on crypto exchanges 11 May 2021 10:33 Indian banks enforced “informal restrictions” on cryptocurrency trading after concerns surfaced around money laundering at Indian crypto exchanges, the Dogecoin frenzy among investors and following an aggressive marketing push through repeated TV ads …
  • Flipkart on the hunt 11 May 2021 10:33 Good morning, Flipkart, which plans to go public towards the end of the fiscal, is in talks to raise at least $1 billion—and up to $2 billion—from a group of investors. Also in this letter: Banks’ cryptic rules for crypto Karnataka bars ‘non-essentials’ …
  • Building Materials Skyrocket; How Much Higher Can Lumber, Copper, Iron... 11 May 2021 09:36 First it was lumber. Then copper. Now, it’s iron ore. Price pressures in building materials are just skyrocketing in the United States as an economy rip-roaring in its recovery from COVID-19 sets up an inflationary environment possibly not even seen after …
  • Microfinance institutions want more from RBI 11 May 2021 09:26 Anticipating fresh erosion of collection efficiency and liquidity following the catastrophic second wave of the coronavirus pandemic, the microfinance sector has lobbied for further financial assistance from the Reserve Bank of India. Industry association …
  • Wall Street opens lower led by more drops in Big Tech stocks 11 May 2021 07:41 BANGKOK -- Stocks are opening lower on Wall Street again as Apple and other Big Tech companies give up more ground. The S&P 500 index fell 1.2% in the early going Tuesday. The tech-heavy Nasdaq, which is coming off its biggest drop since March, lost 1. …
  • Benign food prices likely dragged India's April inflation to three-month low: Reuters poll 11 May 2021 05:02 By Vivek Mishra BENGALURU (Reuters) - Indian retail inflation likely eased to a three-month low in April on softening prices for vegetables and other perishable foods, a Reuters poll suggested, bringing the headline rate closer to the midpoint of the …
  • Gold turns flat as US yields negate firmer dollar 11 May 2021 04:40 Gold prices were steady on Tuesday as a retreat in U.S. Treasury yields countered a slight rebound in the dollar, while investors awaited key data on inflation due later this week. FUNDAMENTALS Spot gold was steady at $1,836.26 per ounce by 0134 GMT, after …
  • Stocks in the news: GCPL, Linde India, HFCL, IOB, JMC Projects and IndiGo 11 May 2021 02:56 Nifty futures on the Singapore Exchange traded 183 points, or 1.22 per cent, lower at 14,895.50 signaling that Dalal Street was headed for a negative start on Tuesday. Here are a dozen stocks which may buzz the most in today's trade: GCPL, & …
  • Lenders grow cautious on high-risk unsecured loans 11 May 2021 02:56 Mumbai: Lenders are going slow once again on micro finance loans, credit cards and personal loans, as they see these unsecured loans to have become riskier amid the second wave of the pandemic. Performance of these loans is worsening given the low capital …
  • ‘Centre, states need to bolster RBI steps via vaccination, better health infra’ 11 May 2021 01:16 New Delhi, May 10 (IANS): As the country struggles amid the second wave of Covid-19 and economic activities again halt, an SBI report has commended measures taken by the Reserve Bank of India (RBI) amid the pandemic to support the economy and has suggested …
  • Why Citi is exiting India 10 May 2021 23:06 The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps! Manojit Saha reports. IMAGE: In India Citibank started the consumer banking business in 1985. Photograph: PTI Photo   In 2000, the foreign banks' …
  • Carry positions can hurt exchange rate and cause inflation, says SBI 10 May 2021 20:13 A huge buildup of carry positions could negatively impact the exchange rate and lead to inflation, State Bank of India’s (SBI)’s economic research arm warned on Monday. “With significant open positions in USD-INR carry trade, a vibrant non-deliverable …
  • Rupee levels too crucial for inflation management: Report 10 May 2021 20:04 Exchange rate management by the Reserve Bank of India will help the central bank manage inflation according to economists. Inflation could be impacted by 0.1-0.13% for every 1% change in exchange rate, according to their study. The SBI research report …
  • Private banks allowed to undertake agency jobs for central and state govts without any fresh approval: RBI 10 May 2021 19:02 Private banks, which worked as agency banks for government businesses prior to 2012, are allowed to undertake such agency jobs for central and state governments without any fresh approval, Reserve said Monday. Banks seeking fresh approval from RBI for …
  • Bar on recovery, fewer work days cast shadow over banks in Kerala 10 May 2021 18:48 The government on 5 May said banks will be allowed to open only three days a week and barred them from any physical loan recovery during the lockdown period. Following the announcement, Kerala-based CSB Bank on Saturday said it expects a slowdown in …
  • RBI appoints Jose J Kattoor as Executive Director 10 May 2021 18:19 MUMBAI: The Reserve Bank of India has appointed Jose J Kattoor as Executive Director (ED), the central bank said in a statement on Monday. Prior to being promoted as ED, Kattoor was heading Bengaluru Regional Office of the Reserve Bank as Regional Director …
  • PNB looking to raise Rs 1,800 cr via QIP 10 May 2021 17:48 Kolkata: (PNB) is looking to raise up to Rs 1,800 crore by selling shares to institutional investors, about 44% its targeted fund raising announced earlier. The state-owned lender has set the floor price for the sale at Rs 35.51 per equity share. Banks are …
  • Small MFIs expected to get Rs2,000-3,000 crore from SFBs, says report 10 May 2021 16:09 The Reserve Bank of India’s (RBI) move to classify loans by small finance banks (SFBs) to certain microfinance lenders as priority sector is expected to boost lending by about ₹2,000-3,000 crore, said Acuite Ratings and Research. On 5 May, RBI governor …
  • Reserve Bank of India appoints Jose J Kattoor as new Executive Director 10 May 2021 16:04 The Reserve Bank of India (RBI) has appointed its Bangalore regional head, Jose Kattoor as executive director (ED) with effect from May 04, 2021. As ED Kattoor will look after human resource management, corporate strategy, budget and rajbhasha departments …
  • Jose Kattoor named RBI Executive Director with effect from May 4 10 May 2021 14:03 The Reserve Bank of India on Monday said it has promoted Jose J. Kattoor as Executive Director (ED) with effect from May 04, 2021. He will look after the Human Resource Management Department, Corporate Strategy and Budget Department and Rajbhasha …
  • BharatPe raises Rs50 crore in debt from Northern Arc 10 May 2021 13:00 BENGALURU : Lending and digital payments startup, BharatPe, on Monday said that it has raised Rs50 crore (or $7 million) as debt funding from non-banking financial company (NBFC) Northern Arc Capital, in a bid to bolster its credit operations. The New …
  • Don't be fooled by stock indices, Covid shakeup is happening all over 10 May 2021 09:57 Investors are bracing for market fallout as state after state locks itself down in India to contain the spread of the coronavirus as infections and deaths surge. More than two thirds of states are shut if assessed by their contribution to national output, …
  • Economic activity down in April, May but shock less severe than 2020: Fitch 10 May 2021 09:40 Fitch Ratings on Monday said the shock to economic activity from the latest wave of COVID-19 pandemic will be less severe than the one in 2020, but recovery is likely to be delayed as economic activity dropped in April-May. The global rating agency said …
  • LIC's holding in listed companies at all time low on profit booking 10 May 2021 09:35 The housing finance major has entered into a share purchase agreement for sale of 44,12,000 equity shares, representing 0.62% of the issued and paid-up share capital of HDFC ERGO. The stake sale is being done in accordance with the direction of the Reserve …
  • Risks to financial institutions mounting as second wave surges across India: Fitch Ratings 10 May 2021 08:26 Risks to India’s financial institutions were mounting as the second wave of Covid-19 was sapping the economy’s near term recovery momentum, said global rating agency Fitch Ratings. While the shock to the economy may not be as severe as last year, risks …
  • SGX Reports Market Statistics For April 2021 10 May 2021 07:37 Risk-management demand stays robust across equities, FX and commodities Secondary fundraising on SGX rises to highest amount in six months Singapore Exchange (SGX) today released its market statistics for April 2021. Demand to manage portfolio risk across …
  • Rupee rallies 18 paise to 73.33 against U.S. dollar in early trade 10 May 2021 07:24 The Indian rupee advanced by 18 paise to 73.33 against the U.S. dollar in opening trade on Monday supported by positive domestic equities. At the interbank forex market, the local unit opened at 73.34 against the U.S. dollar, then inched higher to 73.33, …
  • RBI relief will only delay stress for financial institutions, says Fitch 10 May 2021 07:13 Relief measures announced by India's central bank last week to help lenders and borrowers during the new devastating wave of COVID-19 infections will only delay the stress for financial institutions, Fitch Ratings said on Monday. The Reserve Bank of …
  • Relief to only postpone financial stress from India's Covid surge: Fitch 10 May 2021 07:13 Reserve Bank of India's Covid-19 relief package will provide some relief to financial institutions (FIs) in the next 12-24 months. However, it will largely be at the expense of postponing the recognition and resolution of underlying asset-quality …
  • Nifty may kiss 15000 again 10 May 2021 06:53 Indian markets are expected to open higher on Monday, thanks to positive global cues. The SGX Nifty, which currently rules at 15,006 (8 am IST) on the Singapore Stock Exchange, indicates at least 130 points gap-up opening for Nifty futures, which on Friday …
  • Sensex jumps as bank, pharma, metal stocks lift D-Street: What's driving market today 10 May 2021 06:51 NEW DELHI: Dalal Street saw an extended 'hope rally' on Monday even as the Covid-19 pandemic continued to rattle the country. Benchmark indices advanced about one per cent thanks to buying in metal and pharma spaces. The resilience of the market in …
  • RBI's relief measures to only delay stress for financial institutions: Fitch 10 May 2021 06:33 Relief measures announced by Reserve BnakBank of India last week to help lenders and borrowers during the new devastating wave of COVID-19 infections will only delay the stress for financial institutions, Fitch Ratings said on Monday. The Reserve Bank of …
  • IDBI Bank again puts MF arm on the block 10 May 2021 06:32 Mumbai: has revived the sale of its asset management company IDBI Mutual Fund. The bank expects about Rs 200 crore from the sale that could help it improve its capital position. Last year, the Reserve (RBI) had turned down the proposal of to acquire IDBI’s …
  • Will limits on UPI transaction impact fintechs? 10 May 2021 06:31 The National Payments Corporation of India (NPCI) released the “Guidelines on volume cap for Third Party App Providers (TPAP)” (Circular). As per the Circular, effective January 1, 2021, TPAPs are required to ensure that the total volume of transactions …
  • Investors brace for market fallout as most of India's states lock down 10 May 2021 05:28 Investors are bracing for market fallout as state after state locks itself down in India to contain the spread of the coronavirus as infections and deaths surge. More than two thirds of states are shut if assessed by their contribution to national output, …
  • Sensex jumps as bank, pharma, metal stocks lift D-Street: What's driving market today 10 May 2021 04:46 NEW DELHI: Dalal Street saw an extended 'hope rally' on Monday even as the Covid-19 pandemic continued to rattle the country. Benchmark indices advanced about one per cent thanks to buying in metal and pharma spaces. The resilience of the market in …
  • IDFC First Bank planning to make home loans 40% of total portfolio 10 May 2021 04:43 After stablising the liabilities (deposits) side of business, private lender IDFC First Bank intends to become aggressive in home loans to make it 40 per cent of total loan portfolio in long run. The bank has liabilities with a low cost Current Account and …
  • RBI not keen to pull banks out of PCA framework 10 May 2021 02:38 The Reserve Bank of India (RBI) may delay regularising struggling state-run lenders that are under the prompt corrective action (PCA) framework as it has reservations over their capital adequacy levels. The sector regulator has raised questions over the …
  • Doge's weekend crash 10 May 2021 02:37 Good morning, Elon Musk, whose tweets have fuelled a ludicrous surge in the price of “joke” cryptocurrency Dogecoin, hosted Saturday Night Live this weekend. Most expected the value of Dogecoin to spike again during the show, but Musk had a twist in store. …
  • National Asset Reconstruction Company to be operational next month: IBA CEO 09 May 2021 10:24 National Asset Reconstruction Company Ltd (NARCL), the name coined for the bad bank announced in the Budget 2021-22, is expected to be operational in June. Bad bank refers to a financial institution that takes over bad assets of lenders and undertakes …
  • Bandhan Bank's Q4 net profit declines 80% due to higher provisioning 08 May 2021 13:19 Kolkata-based private sector lender Bandhan Bank has reported an 80 per cent drop in net profit in the March quarter of FY21, missing Street estimates, due to higher provisions. In Q4FY21, the profit after tax of the lender fell to Rs 103 crore compared to …
  • News24.com | What defiant Magashule had to say about split ANC: 'The soul and character of the ANC have changed' 08 May 2021 07:14 ANC president Cyril Ramaphosa and suspended ANC secretary-general Ace Magashule. (Photo: Rajesh Jantilal/AFP) Ace Magashule has accused a dominant faction in the NEC of running the organisation. Magashule believes divisions in the ANC are caused by the …
  • Has India realised full potential of its currency? 08 May 2021 03:29 Government paper currency was introduced in India in 1861. Some 160 years later, digital payments are gaining currency, and a central bank digital currency is around the corner. But paper currency is still here to stay. Notes in circulation will, in …
  • Disbursed Rs 14,572 crore to investors of six shuttered schemes, says FT 07 May 2021 18:24 Franklin Templeton (FT) Mutual Fund announced that its six shuttered debt schemes had distributed Rs 14,572 crore to investors as on May 3. In the letter to the investors, Sanjay Sapre, president, Franklin Templeton Asset Management (India), said that 58 …
  • Uco Bank shareholders approve settling Rs 12,537 cr accumulated loss using share premium balance 07 May 2021 17:49 Kolkata: Shareholders of state-owned have approved setting off accumulated losses of Rs 12,537 crore against the balance in the share premium account. The special resolution was passed with 99.99% majority. A majority of the shareholders cast their votes …
  • Bank credit shrinks by Rs 89,087 cr in April on second wave impact 07 May 2021 15:54 Commercial bank credit in India shrunk by Rs 89,087 crore in April, reflecting a lean period at the start of new financial year (FY22) and the effect of the second wave of pandemic. The outstanding credit as on April 23 stood at Rs 108.60 trillion, …
  • Indian banks' loans rose 5.7% y/y in two weeks to April 23, says central bank 07 May 2021 14:59 Indian banks' loans rose 5.7% in the two weeks to April 23 from a year earlier, while deposits climbed 10.3%, the Reserve Bank of India's weekly statistical supplement showed on Friday. Outstanding loans fell by 280.39 billion rupees ($386.57 …
  • RBI to conduct SLTRO of Rs 10,000 crore for small finance banks on May 17 07 May 2021 13:35 MUMBAI: The Reserve Bank on Friday said it will conduct the first auction for special long-term repo operations (SLTRO) of Rs 10,000 crore for Small Finance Banks (SFBs) on May 17. To provide further support to small business units, micro and small …
  • European stocks creep up ahead of US jobs data 07 May 2021 12:28 European equities edged higher ahead of a US jobs data release that investors expected would underscore the recovery of the world’s largest economy from the coronavirus pandemic but would not persuade the Federal Reserve to tighten monetary policy. The …
  • Dow, S&P 500 rally to records as weaker-than-expected April jobs report cools fears of hawkish Fed 07 May 2021 11:40 The Dow Jones Industrial Average was trading higher midday Friday, after opening in negative territory, and the technology-laden Nasdaq Composite rose sharply, even as the April nonfarm payrolls report came in way below estimates, raising questions about …
  • IDBI expects 2% of small borrowers to opt for recast 07 May 2021 02:28 Mumbai: Private lender expects just about 2 per cent of its individual and MSME borrowers to seek restructuring under the central bank window that allows borrowers with up to Rs 25 crore exposure to avail the facility. It recast about 2 per cent of its …
  • Decoded: Why higher circulation of currency is normal in abnormal times 06 May 2021 21:58 Theoretically, the currency with the public should expand in sync with the nominal income, which again moves in relation to the nominal growth rate of the economy. But the correlation breaks easily when other factors come into play, says Anup Roy. In India …
  • India reaffirms independent foreign policy approach 06 May 2021 21:26 India’s independent world view has been reaffirmed in the recent days with the fact that while it has worked closely with the USA on medical supplies to fight Covid it has not shied away from steps against US financial firms for violating local laws. …
  • Majority of SMEs qualify for restructuring says Crisil 06 May 2021 16:29 About 97% or 3400 of the 3500 small and medium enterprises (SMEs) rated by qualify for the Reserve Bank of India's (RBI) latest restructuring window as they are still standard accounts as of March 2021, the rating agency said. The RBI has allowed banks …
  • 'What kind of government does this?': Morrison under fire on Q+A 06 May 2021 16:19 Australia may be set to resume flights from India next week to get stranded citizens home, but the Morrison government received a lashing on Q+A from guest Mannie Kaur Varma, who said Australians of Indian heritage are not being seen as equals by the Prime …
  • A Peek Into The Markets: US Stock Futures Edge Higher Ahead Of Jobless Claims, Fed Speakers 06 May 2021 10:20 Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade after the Dow Jones added around 100 points in the previous session. Investors are awaiting earnings results from Moderna Inc (NASDAQ: MRNA), Kellogg Company (NYSE: K) and …
  • Indian shares rise as central bank outlines relief measures 06 May 2021 08:47 Indian shares gained on Wednesday, led by heavyweight financials, as the central bank rolled out a series of measures to support the coronavirus-ravaged economy, including allowing certain small borrowers more time to repay loans. Reserve Bank of India ( …
  • IDBI Bank shares up almost 15% intraday on Govt decision to divest stake 06 May 2021 07:11 IDBI Bank’s shares rose almost 15 per cent in Thursday’s trading vis-a-vis the previous close as the Government decided on a strategic disinvestment of its stake and transfer of management control in the Bank. In intraday trading so far, the bank’s shares …
  • Rabi Sankar Named New Deputy Governor Of Reserve Bank Of India (RBI) 06 May 2021 06:16 Mr Sankar, an executive director at RBI, will hold the new post for a period of three years A government panel approved the appointment of career central banker T. Rabi Sankar as a deputy governor at the Reserve Bank of India. Mr Sankar, an executive …
  • Resolution of Covid stress of Individuals and Small Biz: RBI asks lenders to frame policies within a month 06 May 2021 05:22 The Reserve Bank of India (RBI) has asked lenders to frame Board approved policies within a month to implement viable resolution plans for stressed advances of individuals and small businesses under the “Resolution Framework – 2.0” relating to Covid-19 …
  • IDBI Bank shares zoom 15% as Cabinet gives in-principle nod to divestment 06 May 2021 04:51 Shares of IDBI Bank surged 15 per cent to Rs 43.50 on the BSE in the intra-day trade on Thursday after the Cabinet Committee on Economic Affairs gave its in-principle approval for strategic disinvestment along with transfer of management control in IDBI …
  • RBI allows recast of home, personal & small biz loans 06 May 2021 03:59 The central bank also loosened its purse strings to fund the war against the pandemic by providing a Rs 50,000 crore liquidity window to ramp up healthcare infrastructureMumbai: Reserve Bank of India on Wednesday extended relief to individuals and small …
  • India’s Covid surge spreads to Nepal 06 May 2021 03:37 Nepal is being overwhelmed by a Covid-19 surge as India's outbreak spreads across South Asia, the International Federation of Red Cross and Red Crescent Societies said yesterday. "We need to act now and we need to act fast to have any hope of …
  • Govt okays IDBI Bank strategic divestment 06 May 2021 03:14 The government has approved the strategic disinvestment and transfer of management control in Ltd. The Cabinet Committee on Economic Affairs, which met under the chairmanship of Prime Minister Narendra Modi, gave its in-principle go ahead, according to an …
  • India announces $6.7 billion to boost pandemic battle 06 May 2021 03:03 Mumbai: India released $6.7 billion in cheap financing for vaccine makers, hospitals and other health firms on Wednesday, to counter the devastating coronavirus surge gripping the country. Reserve Bank of India governor Shaktikanta Das also vowed to deploy …
  • Third wave of COVID-19 inevitable in India, says principal scientific advisor 06 May 2021 03:02 A third wave of COVID-19 outbreak is inevitable in India given the higher levels of the circulating virus, said Principal Scientific Advisor to India's Federal Government K. Vijay Raghavan on Wednesday.   "But it is not clear on what time scale …
  • India G7 team in Covid scare as crisis deepens back home 06 May 2021 02:30 NEW DELHI: India´s foreign minister was forced to abandon face-to-face G7 meetings on the pandemic in London on Wednesday because he may have been exposed to COVID-19, as the crisis deepened back home with his nation´s daily death toll hitting a record at …
  • IDBI Bank offers KYC updation facility through video identification process 06 May 2021 02:23 Giving immediate response to the Reserve Bank of India's (RBI's) initiative for rationalisation of compliance to KYC requirements, the IDBI Bank has launched the facility of periodic KYC updation through the V-CIP (Video based Customer …
  • Deaths May Double in India in Coming Weeks – India COVID Forecasters 06 May 2021 01:15 New Delhi, India, 05/05/2021 / KISS PR News Bureau / The second wave of coronavirus has plunged India into the biggest health crisis of the world, and there are higher probabilities that it may worsen in the coming weeks. Some research …
  • RBI allows recast of home, personal & small business loans 05 May 2021 23:30 MUMBAI: Reserve Bank of India on Wednesday extended relief to individuals and small businesses who have loans up to Rs 25 crore by allowing them to seek a loan restructuring if they are affected by the second wave of the Covid-19. Announcing a series of …
  • RBI unleashes another round of quantitative easing to limit economic damage of the second wave 05 May 2021 22:38 The Reserve Bank of India this morning announced a series of measures to limit the economic damage caused by the advent of the second wave of Covid-19. It builds on last year’s quantitative easing (QE), an increase in the amount of potential money supply …
  • Reserve Bank Of India (RBI) Governor Shaktikanta Das Meets Heads Of Small Finance Banks 05 May 2021 18:59 RBI Governor Shaktikanta Das (file photo) Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday held a virtual meeting with managing directors and CEOs of small finance banks to gauge potential stress on their balance sheets in the backdrop of …
  • Should India pile its reserves with gold? 05 May 2021 18:41 The Reserve Bank of India’s transactions in gold have always attracted much attention. The pledging of gold with the Bank of England in 1991 to meet the balance of payment crisis is still considered a nadir for the Indian economy. There was also much …
  • Fino Payments Bank goes live with enhanced deposit limit of ₹2 lakh 05 May 2021 16:41 Fino Payments Bank has increased the end of the day account balance limit to ₹ 2 lakh for its customers. The move is in line with the revised guidelines announced by the Reserve Bank of India. The bank, which became profitable in the fourth quarter of 2020 …
  • India sees record 3,780 COVID-19 deaths in 1 day 05 May 2021 15:13 NEW DELHI. KAZINFORM India on Wednesday recorded its highest single-day death toll caused by the coronavirus since the pandemic began, as hospitals in the country continue to struggle with the massive patient load. According to Health Ministry figures …
  • India announces $6.7 bln to help vaccine, health firms boost pandemic battle 05 May 2021 11:56 MUMBAI-Agence France-Presse India released $6.7 billion in cheap financing for vaccine makers, hospitals and other health firms on May 5, to counter the devastating coronavirus surge gripping the country. Reserve Bank of India governor Shaktikanta Das also …
  • Cabinet approves strategic disinvestment in IDBI Bank 05 May 2021 11:13 The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd on Wednesday. "The extent of respective …
  • India pledges $6.7 billion in COVID loans amid record daily deaths 05 May 2021 11:06 India’s central bank on Wednesday pledged $6.7 billion in cheap loans for vaccine makers, hospitals and other health firms to help the country battle a massive surge in coronavirus. The announcement came as India recorded its highest daily death toll, …
  • India Central Bank Unveils Measures To Counter COVID-19 Impact 05 May 2021 11:05 India's central bank unveiled a slew of measures on Wednesday as the second wave of the coronavirus pandemic cause severe strains on healthcare and medical facilities. In an unscheduled speech, Reserve Bank of India Governor Shaktikanta Das announced …
  • India asks state banks to protect dollar assets on Cairn concern 04 May 2021 22:31 Indian authorities asked state-run banks to protect their dollar deposits on concern they could be frozen if Cairn Energy Plc moves to seize India’s offshore assets as part of a tax dispute, according to people with knowledge of the matter. Lenders aren’t …
  • Reserve Bank to strengthen risk-based supervision of banks, NBFCs 02 May 2021 10:35 The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges. The RBI uses the RBS model, including both qualitative and …