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Thursday, April 02, 2020

Sandeep Singh


COVID-19 Effect: Even as FDs turn dull, stay with safe instruments in current times
Wed, Apr 01, 2020

It will be difficult for small banks and NBFCs to raise deposits easily as the perception of deposits being safe have taken a hit after troubles at PMC Bank and Yes Bank.

Naushad Forbes interview: ‘Income support scheme runs risk of leaving some needy out’
Wed, Apr 01, 2020

My sense is that the lockdown was the right thing to do and it does seem like that was the only way of preventing and delay the rise in number of cases and, in the meantime, prepare the facilities, medical equipments and infrastructure to fight it out, says Naushad Forbes.

Banks, HFCs to offer moratorium option to all, but short-term relief comes at big cost
Wed, Apr 01, 2020

Since the RBI has said that interest will continue to accrue on the outstanding portion of the loan during the moratorium period, it may increase the customers’ burden significantly.

Not enough ventilators, so PSUs and corporates start ramping up production
Sun, Mar 29, 2020

With the number of COVID-19 cases rising, the country might need anywhere between 1,10,000 and 2,20,000 ventilators by May 15 in the worst-case scenario, according to an analysis by think tank Brookings India.

Big booster dose but interest waiver could have given small borrower a firmer cushion
Sat, Mar 28, 2020

RBI Governor Shaktikanta Das Tuesday slashed the policy rate, flushed the financial system with liquidity using multiple instruments, and used conventional as well as unconventional tools to support the economy.

RBI opens window to defer EMIs: here’s the deal
Sat, Mar 28, 2020

Amid lockdown, RBI has permitted banks to allow a 3-month moratorium on term loan repayments. But this is not a waiver — and banks will take the final call

Government steps in after retailers and e-commerce players stopped
Thu, Mar 26, 2020

While some authorities including Delhi Police, Gurugram Police, Noida Police and Ahmedabad Municipal Corporation instituted mechanisms for allowing home deliveries, many raised concerns over non-adherence of Union Ministry of Home Affairs orders in different states.

Relax NPA norms, increase liquidity and cut rates, says Aditya Puri
Tue, Mar 24, 2020

As the spread of the coronavirus is creating a scare in society, business and markets, Aditya Puri, MD at HDFC Bank, told Sandeep Singh that while monetary policy should look to relax NPA norms, increase liquidity and cut repo rate, the government should focus on limiting spread of virus, providing stimulus and not prioritise fiscal […]

Market Plunge: Small investors are hit hard but coronavirus deeper worry than crash
Sun, Mar 22, 2020

The coronavirus pandemic is these small investors’ first introduction to “severe market risk” and, experts hope, to opportunity as well.

Despite being ineligible in offer document, retail investors were sold Rs 1,000 crore of AT-1 bonds
Thu, Mar 19, 2020

Even as the bonds were not meant to be sold to resident individuals, Yes Bank branch officials sold it to individuals through various financial institutions.

Yes Bank: ED summons Anil Ambani, Subhash Chandra, Naresh Goyal, 3 others
Tue, Mar 17, 2020

ED has summoned promoters of at least 6 leading corporates — Anil Ambani (ADA Reliance Group), Subhash Chandra (Essel Group), Kapil Wadhawan (DHFL/Wadhawan Group), Naresh Goyal (Jet Airways), Gautam Thapar (Avantha Group) and Peter Kerkar (Cox & Kings Group) — for questioning over the next 5 days.

Bank, Boom, Bust
Sun, Mar 15, 2020

While the State Bank of India announced equity infusion of Rs 7,250 crore on March 12, ICICI Bank, Kotak Mahindra Bank, HDFC and Axis Bank on Friday said their boards have approved investments of Rs 1,000 crore, Rs 500 crore, Rs 1,000 crore and Rs 600 crore, respectively, in Yes Bank

Malls see decline in footfall; work from home, drop in airport trips hit taxi cos
Sat, Mar 14, 2020

Despite the sudden hit due to COVID-19, mall companies believe that bleeding in the short term to contain the outbreak is better than the disease continuing to spread.

Explained: As Indian markets fall, should you sell, hold or invest?
Fri, Mar 13, 2020

At a time when investors are witnessing sharp erosion in their wealth on account of fall in equity valuations, market participants say the bottom line is not known.

Silver lining: Sharpest oil slump since 1991 may help ease pressure on deficit
Tue, Mar 10, 2020

In the biggest slump since the 1991 Gulf War, crude oil prices fell as much as 33 per cent between Friday and Monday and hit a level of $33 per barrel — as Saudi Arabia and Russia signalled they would hike output despite sliding demand globally.

44 companies from 10 big groups account for Rs 34,000-crore Yes Bank bad loans
Thu, Mar 12, 2020

While at least nine companies of the Anil Ambani Group accounted for NPAs worth Rs 12,800 crore, at least 16 companies belonging to Subhash Chandra’s Essel Group made up Rs 8,400 crore worth of bad loans of Yes Bank.

Explained: Markets fall on coronavirus impact but crash in crude prices a silver lining
Mon, Mar 09, 2020

The crude prices have crashed by over 30 per cent between Friday and Monday and hit a level of $33 per barrel, lowest since February 2016 when it fell lower than that.

Forex reserves hit new high as Brent crude price sees steep fall
Mon, Mar 09, 2020

Since September 20, 2019, when Finance Minister Nirmala Sitharaman announced a cut in corporate tax rates, the reserves have been rising week-on-week — this was the 23rd consecutive week of rise.

Private banks lag in cutting lending rates, but slash deposit rates faster than PSBs
Mon, Mar 09, 2020

Banking industry executives said transmission is relatively faster on fresh loans, but that on outstanding portfolio takes times to adjust to new regime.

Rana Kapoor questioned on DHFL firm’s loan to family company
Sun, Mar 08, 2020

Kapoor is being questioned over a Rs 600-crore loan from a non-banking financial company (NBFC), which is an associate company of Dewan Housing Finance Limited (DHFL), to DoIT Urban Ventures (India) Private Ltd, a company owned by Kapoor’s family.