Month: April 2020

The bank said it has not been compelled to tap the Reserve Bank of India’s emergency marginal standing facility and that its well capitalised with total capital adequacy ratios of … Read More

Possible beneficiaries could be traditional banks as investors look to shed risky assets.   – Stocks-Markets-Economic Times

Companies face higher burden of costs including interest payments and other overheads.   – Stocks-Markets-Economic Times

“At this point of time, one can do nothing except curtail costs and postpone capex plans. Those are the only immediate solutions we have. We are watching the markets closely … Read More

Sebi refuses exemption from trading curbs that come into effect during declaration of results.   – Stocks-Markets-Economic Times

The Reserve Bank of India (RBI) has rejected requests for standstill in asset classification from banks, dashing the hopes of lenders as well as companies seeking to avoid the defaulter … Read More

Some lenders appear to be flouting the Reserve Bank of India’s (RBI) directive to banks to offer moratorium to borrowers on repayment of loans for the month of March.   … Read More

States’ short-term borrowing limits have been increased by as much as 30% as they face pressure on revenues with economic activity coming to a halt and the transfers from the … Read More

The merger of United Bank of India (UBI) and Oriental Bank of Commerce (OBC) with Punjab National Bank has made it the second-largest state-owned bank.   – Stocks-Markets-Economic Times