George Mathew

At a time when the economy is under stress and the growth is expected to contract in 2020-21, the rising forex reserves have come as a breather for the economy as it can cover India’s import bill of more than one year.

The RBI has cleared a loan restructuring scheme for borrowers under stress because of the pandemic. How will the scheme work, and what safeguards are in place to prevent misuse?

The RBI monetary policy review has kept interest rates on hold, contrary to broad market expectations. A look at how concerns around inflation and growth led to this decision, and other key highlights.

Kaizad Bharucha, executive director and head of wholesale banking at HDFC Bank, was the next choice and Sunil Garg, global CEO of Citi Commercial Bank, was third.

While there have been over 37,000 Covid deaths so far, Life Insurance Corporation (LIC), the nation's largest life insurer, has only seen 561 Covid death claims, amounting to Rs 26.74 crore.

Technically, bank deposits are fetching negative real returns of nearly one per cent (-0.99 per cent) as one-year fixed deposit rate has come down to 5.10 per cent (State Bank of India rate) whereas inflation in June was 6.09 per cent.

“In my opinion, the divestments are a first step ... divestment beyond majority stake, because they will help relax the fiscal constraint,” former RBI Deputy Governor Viral Acharya said

Corporates and high net-worth individuals comprise more than 90 per cent of the aggregate assets under management for debt funds.

Sectors such as tourism, hospitality and real estate have been seeking this relief to tide over the business slump resulting from effects of COVID-19 pandemic induced economic downturn.

The RBI had announced a three-month moratorium on repayments in March to help borrowers tackle the impact, especially lockdown, of the Covid-19 pandemic.

In his new book Overdraft: Saving the Indian Saver, Patel has said that the Supreme Court's April 2019 verdict had not found the RBI’s February 2018 one-day default regulation on the insolvency process “problematic”

Bank managements and unions have agreed to introduce the system of performance-linked incentive (PLI) in public sector banks for the first time.

PSU bank employees salary: The wage hike will benefit employees of old generation private banks and some foreign banks as the agreement has been signed by 11 state-owned banks, 12 private sector banks and seven foreign banks.

Gold Price: Why is the yellow metal continuing its dream run at a time when Covid-19 pandemic has pushed the global economy into a contraction mode? Will the gold prices continue the upward momentum?

Standard gold on Wednesday rose to hit a record high of Rs 50,000 per 10 gram in Mumbai, reflecting firmness in the international market.

RIL Chairman Mukesh Ambani said Jio has designed and developed a complete 5G solution that’s ready for launch as soon as spectrum is made available next year.

The health segment has contributed 36% of the domestic general insurance premium with premium income of `9,122 crore during April-May in FY21.

The data compiled by the RBI shows banks deployed Rs 5,522 crore from their own resources under the Special Liquidity Facility for Mutual Funds (SLF-MF) scheme for Rs 50,000 crore announced by the regulator.

Between April 1 and July 13, RIL has gained $81 billion in market capitalisation and has climbed 47 places from being the 98th most valued company on April 1 to 51st most value company now.

According to RBI Governor Shaktikanta Das, the liquidity measures announced by the RBI since February 2020 aggregate to about Rs 9.57 lakh crore — equivalent to about 4.7 per cent of 2019-20 nominal GDP.

The proposal to set up the resolution corporation has gathered momentum after the financial sector witnessed a series of failures and emergence of stressed firms

Calling the Covid outbreak the “worst health and economic crisis in the last 100 years during peace time with unprecedented negative consequences for output, jobs and well-being,” Das cautioned on the road ahead.

The regulator has set up a nine-member committee headed by IRDAI Executive Director Suresh Mathur to recommend the structure and operating model for the pool and submit its report within eight weeks.

In the case ‘moderate sickness’, NABH-accredited hospitals (including entry level) can charge Rs 10,000 per day (including Rs 1,200 for PPE) and for non-NABH accredited hospital) it would be Rs 8,000 (including including cost of PPE Rs 1,200).