Business Tit-Bits: India’s Bad Banks
In this episode of the Business Tit-Bits, Our Business Editor Mr Akhilesh Bhargava shares his take on the crumbling banking system in India with respect...
Tag : RBI
RBI Governor Shaktikanta Das Tests Positive For Covid-19, Will Continue To Work In Isolation
Shaktikanta Das said, “Those who have come in contact with me recently have been warned.” He said that work in the RBI will continue as...
Why Restructuring Can Fail
The RBI says that enough freedom has been given to banks to determine restructuring norms, particularly for sectors like aviation, automobiles, road and wholesale trading,...
Do Further Interest Rate Cuts Matter?
The RBI itself admits that discretionary spending has almost vanished from the economy and will take a long time to come back. With India’s growth...
RBI Keeps Rates Unchanged, Predicts -9.5% GDP For 2020-21
Shaktikanta Das, the RBI governor, today said that the country’s economy is likely to contract 9.5 per cent in the current financial year, “with risks...
Big Relief on Loan Moratorium! Centre Likely To Waive Interest On Loans Up To 2 Crores
In the affidavit filed in the SC, Finance Ministry said the Govt will bear the burden on banks due to the waiver of interest or...
PM-CARES Received Rs 205 Crore From Salaries Of RBI, Govt Banks and LIC Staff
As per the RTI queries answered by these institutions and banks to the Indian Express, 15 of them made a total contribution of Rs 349.25...
What Will Happen To Banks If Moratorium Is Extended? Banking Expert Vishwas Utagi Answers
The moratorium announced by the RBI on Loan repayment technically ended on August 31 but will it extend further or not there is a lot...
RBI Knew About PMC Bank Fraud From 2011
It has been a year since the PMC Bank Scam came to light. However, the plight of PMC Bank Account Holder doesn’t seem to end...
RBI Report Says Economic Contraction Can Extend Till September Quarter
The central bank, at a time when the economy has been severely hampered due to the pandemic, expects a severe contraction in the gross domestic...