Credit Flow

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Credit Flow - Total results - 10
Meeting FY21 fiscal deficit target to be very challenging; RBI yet to make decision on monetisation: Shaktikanta Das
Business

Meeting FY21 fiscal deficit target to be very challenging; RBI yet to make decision on monetisation: Shaktikanta Das

The RBI announced long-term and targeted long-term repo operations (TLTRO) to ensure credit flow from banks to NBFCs but banks used the money to buy government bonds or top-rated corporate debt.

Moody's slashes India's GDP growth in 2020 to 2.5% from 5.3% earlier; expects sharp fall in incomes
Business

Moody's slashes India's GDP growth in 2020 to 2.5% from 5.3% earlier; expects sharp fall in incomes

Moody's said, at the 2020 estimated growth rate, a sharp fall in incomes in India is likely, further weighing on domestic demand and the pace of recovery in 2021.

Lending from CRR buffer to get 5-year exemption; special window to enable improved credit flow to needy sectors: RBI
Business

Lending from CRR buffer to get 5-year exemption; special window to enable improved credit flow to needy sectors: RBI

The window opens on 14 February for six months ending 31 July 2020, but the net demand and time liabilities (NDTL) will be calculated as of 31 January 2020, the RBI circular said.

Current economic conditions may pose challenges to banking sector, says Shaktikanta Das; urges banks to tackle stressed assets resolution in a co-ordinated manner
Business

Current economic conditions may pose challenges to banking sector, says Shaktikanta Das; urges banks to tackle stressed assets resolution in a co-ordinated manner

Shaktikanta Das' remarks come amid a slowdown in economic growth to a six-year-low at 4.5 percent for the September quarter. The RBI has also cut its growth estimate sharply to 5 percent for the fiscal year

SBI to roll out co-lending business model with 4-5 NBFCs soon; to help bank meet priority sector lending target
Business

SBI to roll out co-lending business model with 4-5 NBFCs soon; to help bank meet priority sector lending target

It has been a year since the Reserve Bank of India (RBI) laid out the framework for co-origination of loans by banks and NBFCs in the priority sector

Liquidity crisis: As NBFC crisis lingers on, SBI sews up maiden 'co-origination' pact to lend to MSMEs
Business

Liquidity crisis: As NBFC crisis lingers on, SBI sews up maiden 'co-origination' pact to lend to MSMEs

MSMEs used to be a major customer-base for the crippled financiers, a top official said on Tuesday.

Non-food bank credit grows at 15.6% year-on-year at Rs 97.32 lakh crore, fastest pace since demonetisation
Business

Non-food bank credit grows at 15.6% year-on-year at Rs 97.32 lakh crore, fastest pace since demonetisation

Adjusted non-food bank credit includes non-food bank credit and total non-statutory liquidity ratio (SLR) investments of banks in commercial papers, shares and bonds/debentures.

MSME loan restructuring: Indeed a relief to small firms but not enough to save crisis-ridden sector
Business

MSME loan restructuring: Indeed a relief to small firms but not enough to save crisis-ridden sector

The recent scams involving PNB forced banks to develop cold feet towards the MSME sector.

5 reasons why interest rates won't come down soon
Economy

5 reasons why interest rates won't come down soon

Credit growth continues to outstrip deposit growth, while the overnight money market is also flashing red on liquidity stress. Also the market is refusing to accept lower-interest bonds.