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RBI offers more short-term support for state governments

Mumbai, April 7 -- Reserve Bank of India (RBI) on Tuesday relaxed the norms for state governments facing short-term mismatches by extending the overdraft facility for a longer period of time until 30 ... Read More


RBI widens states' overdraft facility

Mumbai, April 7 -- Reserve Bank of India (RBI) on Tuesday relaxed the norms for state governments facing short-term mismatches by extending the overdraft facility for a longer period of time until 30 ... Read More


Bajaj Finance reports 22% sequential fall in new loans booked in Q4

MUMBAI, April 6 -- Bajaj Finance on Monday reported a 22% sequential fall in new loans booked during the March quarter to 60 lakh. The company had booked 77 lakh new loans in the previous quarter. On... Read More


NBFCs confused as banks differ over term loan moratorium

MUMBAI, April 5 -- Non-banking finance companies (NBFCs) are in a fix as banks apply different rules to offer term loan moratorium under the relaxations announced by the Reserve Bank of India (RBI). ... Read More


RBI amends timings for debt markets from April 7

mumbai, April 4 -- The Reserve Bank of India on Friday announced a change in debt money market timings from the existing 9 am-5 pm to 10 am-2 pm, in view of the lockdown. The new arrangement will come... Read More


RBI announces change in market timings, trading hours now 10 am-2pm

MUMBAI, April 3 -- The Reserve Bank of India (RBI) on Friday announced that money markets will function from 10 am to 2 pm, effective 7 April, as the 21-day lockdown and social distancing norms have h... Read More


RBI amends timings for debt markets from 7 April

New Delhi, April 3 -- The Reserve Bank of India on Friday announced a change in debt money market timings from the existing 9 am-5 pm to 10 am-2 pm, in view of the lockdown. The new arrangement will c... Read More


RBI's moratorium to hurt corporate borrowers

Mumbai, April 1 -- Reserve Bank of India's move to allow banks to give a 3-month repayment moratorium to borrowers may stand to hurt corporate customers who have taken working capital loans. Speaking ... Read More


RBI should classify NBFCs as essential service: Shriram Transport

MUMBAI, April 1 -- With the nationwide lockdown disrupting truck movement across the country and fracturing the supply chain, truck financiers are also in a state of flux. Shriram Transport Finance Co... Read More


Despite liquidity in banking system, it's still survival of the fittest

Mumbai, April 1 -- Reserve bank of India may have infused Rs.3.75 lakh crore liquidity into the system, however bankers say there will still be flight to quality as they prefer highly rated borrowers,... Read More