Sandeep Singh

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.

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.

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.

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.

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

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.

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 […]

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

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.

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.

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

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.

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.

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.

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.

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.

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.

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

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.