Only way a bank can survive is by growing or else NPAs will become unmanageable: KV Kamath tells Network18
The interest rates have started dropping, but they need to drop even further if the banks have to come around without too much pain, veteran banker KV Kamath tells Network18 Group Editor-in-Chief Rahul Joshi in an exclusive interview.
FII ownership in Nifty-500 hits five-year low during Q4; promoter holdings up post-COVID-19 outbreak: Motilal Oswal
Both FIIs and domestic institutional investors (DIIs) increased stake in telecom on a quarter-on-quarter basis by 190 and 220 basis points respectively.
Realtors' apex body CREDAI has written a letter to RBI, complaining that banks are not passing lower rate benefits to home loan borrowers and cash-starved developers
PayNearby partners with IndusInd Bank for contactless payments; expands hyperlocal direct to consumer business
PayNearby, a fintech startup has now expanded its hyper local discovery and purchase application ‘BuyNearby’ for pan-India operations with IndusInd Bank
About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast: Chairman Rajnish Kumar
The SBI chairman advised borrowers to pay their loans if they are not facing any funding challenge.
Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings
Fitch Ratings on Wednesday said support measures announced by the government for non-banking finance companies seek to ease borrower strain and boost funding conditions for NBFIs, but successful implementation will be the key
Coronavirus Outbreak: Stimulus package for financial sector to ease asset risks, but won't fully offset pandemic blow, says Moody's
Moody's Investors Service on Tuesday said the measures announced by the government for financial institutions as part of Rs 20 lakh crore-economic package will help ease their asset risk, but will not fully offset the negative impact from the COVID-19 outbreak
SIAM says auto sector left out in economic package; to seek govt's direct intervention for revival of industry
SIAM said it had several engagements with the government at various levels and was looking forward to some direct fiscal measures for the auto industry from the Centre in the Rs 20 lakh crore stimulus package.
Non-banking financial companies (NBFCs) on Friday requested the Reserve Bank of India (RBI) to allow them to draw-down from their reserves for making additional provision for expected losses due to COVID-19 pandemic
Narendra Modi says announcements made by Nirmala Sitharaman will address problems of MSMEs, empower entrepreneurs
"The steps announced will boost liquidity, empower the entrepreneurs and strengthen their competitive spirit," Modi said.
Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman's first package of details to flesh out Prime Minister Narendra Modi's Rs 20-lakh-crore stimulus
Markets recover: Benchmark indices close day's session with minor losses; Vedanta, ITC, NTPC among top gainers
At close, the benchmark indices recovered sharply: Sensex was down 190.10 points or 0.60 percent at 31371.12, and the Nifty was down 42.65 points or 0.46 percent at 9196.55.
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 borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown
Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation
Operations of NBFCs have commenced from Monday as the government eased restrictions for the lockdown.
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.
Sensex settles 416 points higher at 31,743, Nifty below 9,300-mark; IndusInd Bank, Britannia among major gainers
At close, the Sensex was up 415.86 points or 1.33 percent at 31743.08, and the Nifty was up 127.90 points or 1.40 percent at 9282.30. About 1,286 shares have advanced, 1076 shares declined, and 180 shares are unchanged.
Bears grip markets after two sessions of bullish show: Sensex, Nifty end on negative note; all sectoral indices close in red
Sensex, Nifty end on negative note after a volatile session on 24 April
As feared by the industry and money market watchers, the first auction under the version two of the targeted long-term repo operations (TLTRO 2.0) on Thursday received a muted response from banks as the Reserve Bank received only a little over 50 percent bids for the Rs 25,000 crore on offer
Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs
SIDBI will offer liquidity to banks, NBFCs and MFIs as term loans for a tenor of 90 days and for a maximum period of one year,
The Reserve Bank of India (RBI) on Thursday received Rs 12,850 crore worth of bids for the first targeted long term repo operations (TLTRO 2.0) conducted for an amount of Rs 25,000 crore with a three-year tenor