Nirmala Sitharaman to meet PSU bank chiefs on Friday; to review credit flow to prop up virus-hit economy
The meeting with PSU bank chiefs was earlier scheduled on 11 May, but due to the stimulus package announcements, it was deferred,
Public sector banks have sanctioned loans worth Rs 42,000 crore to the MSME sector and corporates since the start of the lockdown.
Coronavirus Outbreak: RBI cuts repo rate by 75 bps, extends loan EMI payments, injects liquidity; key takeaways from Shaktikanta Das press conference
The RBI governor announced that the Repo rate stands at 4.20 percent now vs 5.15 percent earlier
Govt asks state-run banks to provide liquidity support to corporate borrowers; SBI rolls out emergency credit line
Small businesses have been approaching banks to provide additional liquidity support, also warning that loan repayments may be delayed.
Mehul Choksi claims innocence, says not related to two firms involved in over Rs 14,000 cr PNB fraud
In a statement issued by his lawyers, the raids against Choksi were on the basis of "an old and dated (KYC) document" given to PNB
YV Reddy’s warning on farm doles: Biggest enemy of Indian farmer is the power-hungry politician flashing freebies
Reddy even pitched for an alternative for farm sector freebies in the form of an agricultural distress fund contributed by both the states and Centre, rather than the ongoing measure of arbitrary scheme announcements.
Indian cos raised Rs 6 lakh crore from equity, debt markets in 2018; volatile market conditions brought down kitty by 30%
Data shows the debt market remains the most preferred route for raising funds to support business needs of the corporate world.
Court rejects Vijay Mallya's plea against Enforcement Directorate's proceedings for fugitive economic offender tag
Special judge MS Azmi rejected Vijay Mallya's plea and said the court will hear arguments on the main ED plea to declare the beleaguered industrialist an FEO on 22 November