Fiscal impact, or cost to government, of the relief package for coronavirus - touted to be worth Rs 20.97 lakh crore - is in the range of Rs 1.5- Rs 3.08 lakh crore, according to top ratings agencies

FM Nirmala Sitharaman will take stock of interest rate transmission to borrowers by banks and progress on the moratorium on loan repayments

In the first auction of TLTRO 2.0, RBI had received Rs 12,850 crore worth of bids, as against the notified amount of Rs 25,000 crore

Referring to the economic crisis across the world, Gadkari said that it is a golden opportunity for Indian industries and entrepreneurs to explore new businesses and attract investments from global businesses that look to exit China

The government is working on a separate scheme to address delayed payments issues of MSMEs wherein a dedicated fund will be created for payments to them, says Nitin Gadkari

Earlier on Monday, M&M had listed similar-rated, unsecured, redeemable NCDs worth Rs 1,000 crore on the BSE at a coupon rate of 6.65 per cent per annum

Unused approved credit lines, which were not disbursed in the last financial year by the banks due the lockdown, are expected to be extended to MFIs, P Satish, executive director of Sa-Dhan, a self-regulatory organisation of the industry, said

This allegedly resulted in spreads 25% to 300% higher than on \"round-lot\" trades over $1 million, which are normally conducted by institutional investors, enabling the banks to reap higher compensation while boosting retail investors' trading costs

Under the TLTRO 2.0 scheme, banks may deduct their investments in instruments issued by NBFCs from their Adjusted Net Bank Credit (ANBC) while calculating their priority sector commitment

The central bank last week announced a 60 per cent increase in the WMA limit of state governments over and above the level as on March 31.

The NCDs, which are proposed to be listed on the Wholesale Debt Market (WDM) segment of the BSE, offer coupon of 6.65 per cent per annum

SJM also welcomed RBI's clarification that the 90-day non-performing assets (NPAs) norm would not apply on moratorium granted on the existing loans by banks as well as other lending institutions

Coronavirus update: The CBDT will further issue refunds of Rs 7,760 crore to small businesses as it tries to provide relief to the MSME sector

Many people, including retired and pensioners depend on dividend income. Should investors shun banking stocks as there's risk that government or RBI will ask them to extend helping hand in crisis?

RBI Governor Shaktikanta Das addressed the media in the second such address by RBI during the lockdown. The aim of the announcements was to tide over the crisis caused by the pandemic and to maintain liquidity in the system. The Governor especially focused on NBFCs and MSMEs. Rajeev Dubey, Editor, Business Today, analyses the key announcements made by RBI during these trying times.Also Read: Coronavirus fallout: India's GDP growth rate may fall to 1.1% in FY21, says SBI Ecowrap

The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank would ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate, the rate at which banks park their fund with the central bank, by 25 basis points to 3.75 per cent. This would encourage banks to lend to the productive sectors of the economy. With regard to other measures, Das said RBI will begin with giving an additional Rs 50,000 crore through targeted long-term repo operation (TLTRO) to be undertaken in tranches. He announced a re-financing window of Rs 50,000 crore for financial institutions like Nabard, National Housing Bank and Sidbi. Watch the video for more.Also Read: Coronavirus: How Airtel is helping migrants access food, shelter via SMSes

Most sectors witnessed strong bullish momentum and closed in green territory on Friday, barring pharma and FMCG. NBFCs and banking stocks rose sharply today as RBI Chief announced measures related to bank credit flows, NPA recognition and stressed asset reclassification.

The lockdown extension could  also lead to an economic loss of Rs 12.1 lakh crore or 6 per cent of the nominal gross value added - SBI

India is expected to post a sharp turnaround and resume its pre-COVID pre-slowdown trajectory by growing at 7.4 per cent in 2021-22, says RBI Governor

Currently, the probability of loan defaults in the near future is very high. But the combo of government and the bank can help in a seamless flow of liquidity