April 22, 2020 01:20 IST
With the lockdown in place and courier service not being allowed to function by local authorities despite the Centre mandating a restart post April 20, bankers say they are unable to replace the expired cards.
Wed, Apr 22, 2020April 21, 2020 03:50 IST
While trucks could be seen idling in yards alongside the Delhi-Jaipur highway, an executive with an automobile manufacturer said the drivers are refusing to take the trucks with cars and other goods, and goods worth crores are stuck on roads.
Tue, Apr 21, 2020April 20, 2020 00:00 IST
As per insurance sector experts, demand for health insurance is expected to rise as the pandemic has spread across the country and insurance regulator Irdai has included more illnesses under the health cover.
Mon, Apr 20, 2020April 17, 2020 04:05 IST
Coronavirus (COVID-19): According to experts, despite the government’s fresh guidelines that selectively lift restrictions on economic activities from April 20, business is likely to stay crippled because of the high impact of the pandemic in these 170 districts.
Fri, Apr 17, 2020April 16, 2020 04:21 IST
Coronavirus (COVID-19): Some half-a-million restaurants across the country are hoping the Centre and the state governments announce quick relief measures — otherwise, many fear they could be forced out of business altogether.
Thu, Apr 16, 2020April 16, 2020 02:08 IST
Coronavirus (COVID-19): Insurance experts said the viability of such a pool can be studied and implemented if found suitable. “There are viability issues. But it’s worth exploring,” said former IRDAI Member KK Srinivasan.
Thu, Apr 16, 2020April 13, 2020 04:50 IST
Data from the Reserve Bank of India shows that the average monthly increase in currency with public stood at Rs 23,895 crore. During 2019-20, the currency with public increased 14 per cent or Rs Rs 2,86,741 crore to Rs 23,41,851 crore.
Mon, Apr 13, 2020April 07, 2020 03:10 IST
The decline in equity AUM is much lower than the mark to market losses (on account of the fall in the equity markets) and industry players say it has been compensated by continued net inflows from investors.
Mon, Apr 06, 2020April 03, 2020 02:29 IST
It is learnt there was a concern among bankers that even if the lockdown is lifted on April 14, operations of a number of companies in specific sectors will not see business getting back to normal as the labour has moved out and the production may not be able to restart.
Fri, Apr 03, 2020April 01, 2020 04:00 IST
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.
Wed, Apr 01, 2020April 01, 2020 03:15 IST
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.
Wed, Apr 01, 2020March 31, 2020 02:15 IST
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.
Wed, Apr 01, 2020March 29, 2020 02:07 IST
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.
Sun, Mar 29, 2020March 28, 2020 04:38 IST
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.
Sat, Mar 28, 2020March 27, 2020 13:38 IST
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
Sat, Mar 28, 2020March 26, 2020 03:59 IST
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.
Thu, Mar 26, 2020March 24, 2020 03:43 IST
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 […]
Tue, Mar 24, 2020March 22, 2020 05:53 IST
The coronavirus pandemic is these small investors’ first introduction to “severe market risk” and, experts hope, to opportunity as well.
Sun, Mar 22, 2020March 19, 2020 01:53 IST
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.
Thu, Mar 19, 2020March 17, 2020 04:35 IST
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.
Tue, Mar 17, 2020March 15, 2020 03:30 IST
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
Sun, Mar 15, 2020March 14, 2020 01:39 IST
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.
Sat, Mar 14, 2020March 13, 2020 04:30 IST
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.
Fri, Mar 13, 2020March 10, 2020 04:46 IST
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.
Tue, Mar 10, 2020March 10, 2020 04:34 IST
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.
Thu, Mar 12, 2020