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What CMs told PM Modi during video meet on COVID-19

Prime Minister Narendra Modi on Monday held a video conference with chief ministers on Monday on ways to strengthen the COVID-19 containment strategy and stepping up of economic activities in a......

Yes Bank crisis: Rahul slams PM for destroying economy

"No Yes Bank," Congress leader Rahul Gandhi said on Friday, taking a dig at the Bharatiya Janata Party-led government over the moratorium placed on Yes Bank, and alleged that Prime Minister......

When a Nobel Laureate comes to town!

What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?Text: Prasanna D Zore/Rediff.com. Photographs: Rajesh Karkera/Rediff.com IMAGE: Nobel Laureate Abhijit Banerjee......

RBI readies plan to check health of banks

The central bank has not set a deadline for banks to conclude the stress-test exercise, but senior bankers opine that some were already looking at this, and will now fast-track it by September-end,......

PMC Bank depositors can now withdraw Rs 100,000

With the latest relaxation on withdrawal, more than 84 per cent of the depositors of the bank will be able to withdraw their entire account balance, the RBI said. In a relief to the depositors of......

Explained: How P2P lending can help us

'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay. Illustration:......

Govt unlikely to tweak GST rates on non-essential items

Retaining the GST rate assumes importance since states are under pressure to increase their revenues, hit hard by lockdown. Also, the Centre has not fully compensated states for their revenue......

Moratorium extended: Borrowers get time till Aug to repay loans

As a result of this moratorium, individuals' EMI payments of loans taken will not be deducted from their bank accounts, providing much needed liquidity to borrowers whose income has been disrupted......
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Foreign banks fret over RBI’s proposal for a board in India

The foreign lenders are flummoxed by the regulator’s suggestion to form board of directors in India. ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/foreign-banks-fret-over-rbis-proposal-for-a-board-in-india/articleshow/76761401.cms
Former Union minister Suresh Prabhu to head forum for promoting cooperative movement

Seven prominent cooperative leaders would be part of the forum. They are C P Yadav, MP and President of NCUI; U S Awasthi, MD of IFFCO; Dileep Bhai... ...

https://economictimes.indiatimes.com/news/economy/policy/former-union-minister-suresh-prabhu-to-head-forum-for-promoting-cooperative-movement/articleshow/76706355.cms
How do you fix Rs 5-lkh cr in dues

Liquidity is the oxygen a business runs on, but the MSME sector has long been plagued by an acute shortage of it. At the heart of the problem is... ...

https://economictimes.indiatimes.com/small-biz/sme-sector/the-big-owe-how-do-you-fix-rs-5-lakh-crore-in-dues-strengthen-treds/articleshow/76703769.cms
RBI readies plan to check health of banks

The central bank has not set a deadline for banks to conclude the stress-test exercise, but senior bankers opine that some were already looking at... ...

http://www.rediff.com/money/report/rbi-readies-plan-to-check-health-of-banks/20200629.htm
RBI board debates 90-day NPA cap

board on Friday discussed the need for extending the non-performing assets (NPA) recognition date beyond 90 days, citing widespread distress in the... ...

https://timesofindia.indiatimes.com/business/india-business/rbi-board-debates-90-day-npa-cap/articleshow/76680910.cms

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