Swadeshi Jagran Manch that promotes national self-reliance said that RBI has chosen to ignore the inherent value in LVB, and announced the handover to a foreign entity for free

With the infusion, sources said, CRAR of these weak RRBs rose to 9 per cent level as per the regulatory norms prescribed by the Reserve Bank of India (RBI)

Israel to begin trials of COVID-19 vaccine 'Brilife' by Oct-endIsrael has named its COVID-19 vaccine candidate 'Brilife' and its human trials will begin by October-end, according to an official press release. The prospective vaccine is being developed by the Israel Institute of Biological Research (IIBR) that was established in 1952 as part of the Israel Defence Forces' Science Corps, and later became a civilian organisation.Big Billion Days: Over 70 sellers become crorepatis in first 3 day...

Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said

Fund infusion would be for meeting regulatory capital requirements if need arises in October-December quarter. Second quarter result will give an idea as to which bank may require regulatory capital and accordingly recapitalisation bonds would be issued to them

RBI Governor Shaktikanta Das at an event in July had advised that banks need to raise capital on anticipatory basis to build up adequate capital buffers to mitigate risks arising out of coronavirus outbreak

Govt bans export of onion with immediate effectThe government on Monday banned the export of all varieties of onion except those cut, sliced or broken in powder form, to increase availability of the commodity in the domestic market and contain rising prices. There is shortage of onion in the domestic market due to heavy rainfall and floods.YouTube Shorts launched in India, hopes to fill spot vacated by TikTok banAfter Instagram's Reels, YouTube has rolled out its short video platform called Y...

Govt bans export of onion with immediate effectThe government on Monday banned the export of all varieties of onion except those cut, sliced or broken in powder form, to increase availability of the commodity in the domestic market and contain rising prices. There is shortage of onion in the domestic market due to heavy rainfall and floods.YouTube Shorts launched in India, hopes to fill spot vacated by TikTok banAfter Instagram's Reels, YouTube has rolled out its short video platform called Y...

Govt bans export of onion with immediate effectThe government on Monday banned the export of all varieties of onion except those cut, sliced or broken in powder form, to increase availability of the commodity in the domestic market and contain rising prices. There is shortage of onion in the domestic market due to heavy rainfall and floods.YouTube Shorts launched in India, hopes to fill spot vacated by TikTok banAfter Instagram's Reels, YouTube has rolled out its short video platform called Y...

Government's plan to infuse Rs 20,000 crore into public sector banks puts no pressure on the Centre, but the lenders have to be ready with enough capital if matters go south

Of the additional expenditure of Rs 2.36 lakh crore, the most notable expenditures include Rs 44,340 crore to provide additional allocation under Post Devolution Revenue Deficit Grant to states

Opposition members, including Shashi Tharoor of the Congress and Saugata Roy of the Trinamool Congress, opposed the bill, accusing the Centre of encroaching on the rights of states

The government has sought Parliament's approval to infuse Rs 20,000 crore in public sector banks through issue of government securities

Gandhi said 'distractions' through media won't help the poor or make the 'economic disaster disappear'

Moratorium on repayment of loans and their restructuring may have a negative impact on the financial health of the banks going ahead, unless they are closely monitored and judiciously used, the RBI said in its 2019-20 annual report

Talking about India's short- and medium-term growth prospects, Subbarao expressed that they appear grim and the Centre should not make much of the economic activity coming back from the depressed base of coronavirus-induced lockdown

Kumar, a retired 1984 batch IAS officer from Jharkhand cadre, has a 30-year-long career behind him with experience in public policy and administration across sectors

Solutions to shadow banking risks are well-documented: tightening regulations, extending central banks' cover as lender-of-last-resort, mandating deposit insurance to prevent overnight collapse, controlling trade in highly complex, opaque and high-risk derivatives and changing short-term-funding-long-term-lending business model

India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit

According to Acharya, the loan moratorium facility to borrowers can't go on forever as it's crucial for public sector banks to enforce borrower discipline