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According to RBI, between April and September, overall bank exposure to NBFCs continued to grow due to higher direct lending by banks as well as their investments in debentures.(REUTERS)

NBFCs diversify funding sources

Hindustan Times, Mumbai | By Shayan Ghosh, Mumbai
PUBLISHED ON JAN 08, 2021 12:32 AM IST
To be sure, bank borrowings continue to grow faster than those from market sources. The market, as in the case of other companies, has been more conducive for larger and well-rated non-banks.
(HT photo)
(HT photo)

How the economy fared: the masses felt the brunt of Covid-19

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON DEC 30, 2020 05:36 AM IST
Whether the pandemic will unleash a radical realignment of productive resources and lead to growth, or cause a further squeeze on the already hit underclass remains to be seen.
Minister of state for finance and corporate affairs Anurag Thakur talking about the recovery post unlock, said, it has been broad-based and has not come only from the agriculture sector.(Deepak Sansta / Hindustan Times)
Minister of state for finance and corporate affairs Anurag Thakur talking about the recovery post unlock, said, it has been broad-based and has not come only from the agriculture sector.(Deepak Sansta / Hindustan Times)

India can achieve double-digit growth with expansion of manufacturing base, says MoS Thakur

New Delhi | By Press Trust of India | Posted by Deepali Sharma
PUBLISHED ON DEC 19, 2020 02:41 PM IST
The minister of state for finance said that in the past six years, the Modi government has consistently introduced reforms that have brought about significant changes.
PMC bank account holder held protests by showing placards and chanting slogans against PMC Bank outside the RBI, BKC in Mumbai.(Satish Bate/HT Photo)
PMC bank account holder held protests by showing placards and chanting slogans against PMC Bank outside the RBI, BKC in Mumbai.(Satish Bate/HT Photo)

PMC Bank receives 4 investment proposals, RBI extends restrictions till Mar 31

New Delhi | By Press Trust of India | Posted by Shankhyaneel Sarkar
PUBLISHED ON DEC 18, 2020 09:54 PM IST
PMC had invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction.
A labourer carries a sack of cement inside a shop in Agartala, capital of Tripura.(REUTERS)
A labourer carries a sack of cement inside a shop in Agartala, capital of Tripura.(REUTERS)

Post-Covid economic challenge in 4 charts

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON DEC 11, 2020 04:23 AM IST
Economic sentiment might strengthen further after the initiation of the vaccination programme against Covid-19. However, this does not mean that the economy will not have to deal with post-Covid challenges.
The government’s first priority is to keep the pandemic spread under control. The second is to sustain the momentum of recovery, so that it enters the positive territory by the end of the third quarter(ANI)
The government’s first priority is to keep the pandemic spread under control. The second is to sustain the momentum of recovery, so that it enters the positive territory by the end of the third quarter(ANI)

The Indian economy is bouncing back | Opinion

By Jyotiraditya Scindia
UPDATED ON DEC 09, 2020 06:42 AM IST
With a judicious mix of spending and structural reforms, the government has paved the way for an impressive recovery
MSPs have also incentivised foodgrains over other crops, giving rise to imbalances of water and land resources and shifting land away from crops such as pulses and oilseeds, necessitating costly imports.(AFP)
MSPs have also incentivised foodgrains over other crops, giving rise to imbalances of water and land resources and shifting land away from crops such as pulses and oilseeds, necessitating costly imports.(AFP)

Why MSP is not a solution

Hindustan Times | By HT Correspondent
UPDATED ON DEC 04, 2020 07:33 PM IST
Instituting MSPs through law will lead to inflation and distort markets
Offices of Bank of India , Punjab National Bank, State Bank of Bikaner & Jaipur and State Bank of India are seen in New Delhi.(Pradeep Gaur/ Mint Photo)
Offices of Bank of India , Punjab National Bank, State Bank of Bikaner & Jaipur and State Bank of India are seen in New Delhi.(Pradeep Gaur/ Mint Photo)

Bank holidays in December. Check list here

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
PUBLISHED ON NOV 30, 2020 05:09 PM IST
Holidays declared by the central government are applicable to all public and private sector banks. However, regional holidays are decided by the respective state governments.
Viswam, the Communist Party of India (CPI) leader, has sought a direction to the RBI and the NPCI to ensure that data collected on Unified Payments Interface (UPI) platforms is not shared with their parent company or any other third party under any circumstances.(HT Archive)
Viswam, the Communist Party of India (CPI) leader, has sought a direction to the RBI and the NPCI to ensure that data collected on Unified Payments Interface (UPI) platforms is not shared with their parent company or any other third party under any circumstances.(HT Archive)

SC to hear plea on framing of rules to ensure data security on UPI platforms

New Delhi | By Press Trust of India | Posted by Shankhyaneel Sarkar
UPDATED ON NOV 20, 2020 04:01 PM IST
The matter came up for hearing before a bench comprising Chief Justice SA Bobde and Justices A S Bopanna and V Ramasubramanian which listed it for hearing next week.
It further said that inflation is expected to average significantly above 6 per cent in the fourth quarter of the current fiscal and the RBI may hold policy rates in December monetary policy review meeting.(AFP Photo)
It further said that inflation is expected to average significantly above 6 per cent in the fourth quarter of the current fiscal and the RBI may hold policy rates in December monetary policy review meeting.(AFP Photo)

Indian economy may be recovering faster than anticipated: Oxford Economics

New Delhi | By Press Trust of India|Posted by Susmita Pakrasi
PUBLISHED ON NOV 15, 2020 01:58 PM IST
Moody’s Investors Service has also revised upwards its GDP forecast for India to (-) 8.9 per cent contraction in the 2020 calendar year, as the economy reflates after a long and strict nationwide lockdown but added the recovery is patchy.
Union finance minister Nirmala Sitharaman at National Media Centre, New Delhi, November 12, 2020(Sanjeev Verma/HT PHOTO)
Union finance minister Nirmala Sitharaman at National Media Centre, New Delhi, November 12, 2020(Sanjeev Verma/HT PHOTO)

All eyes on the economy | HT Editorial

UPDATED ON NOV 13, 2020 08:42 PM IST
The central government’s measures are positive. But are they sufficient?
Living independently can be a challenge for senior citizens, but with the right attitude it can be a time for adventures and spiritual growth(Shutterstock/For representation)
Living independently can be a challenge for senior citizens, but with the right attitude it can be a time for adventures and spiritual growth(Shutterstock/For representation)

Guest Column: Life as a senior citizen can be challenging, but do count the advantages

Hindustan Times, Chandigarh | By TS Chawla
UPDATED ON NOV 09, 2020 02:14 PM IST
Health issues and isolation can be problems, but with enough time to spare to look back and reflect on past experiences, many seniors can lead rich, meaningful lives
The government’s compound interest waiver scheme can be availed by borrowers in specified loan accounts for a period from March 1 to August 31, 2020.(AFP Photo)
The government’s compound interest waiver scheme can be availed by borrowers in specified loan accounts for a period from March 1 to August 31, 2020.(AFP Photo)

Centre’s compound interest waiver scheme: Who is eligible, what’s the benefit

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON OCT 24, 2020 05:56 PM IST
This will waive the interest-on-interest burden for all retail and Micro, Small and Medium Enterprises (MSME) borrowers of up to Rs 2 crore, including those who didn’t opt for the repayment moratorium allowed by the Reserve Bank of India (RBI) in March.
A worker prepares steel furniture at a factory on the outskirts of Jammu.(AP File Photo)
A worker prepares steel furniture at a factory on the outskirts of Jammu.(AP File Photo)

Indian economy set for a near double-digit contraction this year: Report

Bengaluru | By Reuters | Posted by Kanishka Sarkar
UPDATED ON OCT 22, 2020 09:13 AM IST
Although the economy was expected to grow 9.0% and 5.7% next fiscal year and in FY 2022-23, respectively, all but one of 36 economists with a view said it would take at least a year for Indian GDP to reach pre-Covid-19 levels.
RBI Governor Shaktikanta Das said India followed the fiscal expansion path to deal with Covid-19-related challenges.(ANI file photo)
RBI Governor Shaktikanta Das said India followed the fiscal expansion path to deal with Covid-19-related challenges.(ANI file photo)

India at doorstep of economic revival, says RBI Governor Shaktikanta Das

New Delhi | By Press Trust of India | Posted by Deepali Sharma
UPDATED ON OCT 21, 2020 08:46 PM IST
Reserve Bank Governor Shaktikanta Das was speaking at the launch of the book ‘Portraits of Power: Half a Century of Being at Ringside’, written by former bureaucrat and current chairman of the Finance Commission N K Singh.
Finance minister Nirmala Sitharaman addresses the media in New Delhi on Monday.(Ajay Aggarwal/HT Photo)
Finance minister Nirmala Sitharaman addresses the media in New Delhi on Monday.(Ajay Aggarwal/HT Photo)

State of the economy: The recovery question

UPDATED ON OCT 13, 2020 05:54 AM IST
The post-lockdown sequential recovery is flattening and inflation is gathering momentum. This raises questions on the recent optimism around economic recovery.
The crux of RBI’s assessment is that while the worst is over, the economy is not out of the woods yet(REUTERS)
The crux of RBI’s assessment is that while the worst is over, the economy is not out of the woods yet(REUTERS)

The economy is still fragile | HT Editorial

Hindustan Times | By HT Correspondent
PUBLISHED ON OCT 12, 2020 06:22 AM IST
Financial sector stability and low demand remain key challenges
The NGTA, for which the RBI has invited bids from eligible vendors, would be supporting various transactions in asset classes like Fixed Income (FI), Forex (FX), Money Market (MM) and Gold.(File photo for representation)
The NGTA, for which the RBI has invited bids from eligible vendors, would be supporting various transactions in asset classes like Fixed Income (FI), Forex (FX), Money Market (MM) and Gold.(File photo for representation)

RBI to move to next generation treasury application for managing forex, gold reserves

New Delhi | By Press Trust of India | Posted by Niyati Singh
UPDATED ON OCT 11, 2020 03:17 PM IST
In a bid to improve its functioning, the Reserve Bank has decided to move to the Next Generation Treasury Application (NGTA) for managing the country’s foreign exchange and gold reserves.
Governor Shaktikanta Das at RBI’s MPC said the newly christened “co-lending model” will improve the flow of credit to the unserved and underserved sector of the economy.(REUTERS)
Governor Shaktikanta Das at RBI’s MPC said the newly christened “co-lending model” will improve the flow of credit to the unserved and underserved sector of the economy.(REUTERS)

RBI broadens co-origination model to improve flow of credit to underserved sector of economy

Press Trust of India | By Press Trust of India | Posted by Shankhyaneel Sarkar
PUBLISHED ON OCT 09, 2020 02:07 PM IST
This arrangement entailed joint contribution of credit at the facility level, by both the NBFCs and banks and also sharing of risks and rewards between them for ensuring appropriate alignment of respective business objectives.
The Nikkei Manufacturing Purchasing Managers’ Index , compiled by IHS Markit, jumped to 56.8 in September from 52.0 in August, above the 50-level separating growth from contraction for a second straight month. It was the highest reading since January 2012.(Bloomberg (Representative Image))
The Nikkei Manufacturing Purchasing Managers’ Index , compiled by IHS Markit, jumped to 56.8 in September from 52.0 in August, above the 50-level separating growth from contraction for a second straight month. It was the highest reading since January 2012.(Bloomberg (Representative Image))

India’s September factory activity grew at fastest pace in over 8 years

Bengaluru | By Reuters| Posted by Susmita Pakrasi
PUBLISHED ON OCT 01, 2020 10:38 AM IST
Signs of recovery are welcome news for Asia’s third-largest economy, which is widely expected to mark its first full-year contraction since 1979 this year. The pandemic is spreading in India at the fastest pace in the world.
Of the 12 PSBs, SBI reported the maximum 2,050 fraud cases involving Rs 2,325.88 crore during April-June 2020.(HT Archive)
Of the 12 PSBs, SBI reported the maximum 2,050 fraud cases involving Rs 2,325.88 crore during April-June 2020.(HT Archive)

PSBs report frauds worth over Rs 19,964 cr in April-June, says RBI

New Delhi | By Press Trust of India | Posted by Shankhyaneel Sarkar
UPDATED ON SEP 20, 2020 07:30 PM IST
The country’s largest lender State Bank of India (SBI) saw the highest number of fraud cases; however, Bank of India was the worst hit in terms of value, as per a reply from the Reserve Bank on frauds reported by these lenders to RTI activist Chandra Shekhar Gaur.
The government has argued that a V-shaped recovery is underway in the economy. But almost all institutional and private forecasts do not support this claim(PTI)
The government has argued that a V-shaped recovery is underway in the economy. But almost all institutional and private forecasts do not support this claim(PTI)

A reality check on the economy | HT Editorial

Hindustan Times | By HT Correspondent
UPDATED ON SEP 15, 2020 09:38 PM IST
Economic data presents a challenging picture. Don’t delay a second stimulus
RBI Governor Shaktikanta Das(Mint)
RBI Governor Shaktikanta Das(Mint)

RBI governor cautions against undue risk aversion

Livemint, New Delhi | By Gopika Gopakumar
UPDATED ON AUG 28, 2020 05:58 AM IST
Das suggests banks to reframe strategy to support sunrise sectors and those that can bounce back from Covid-19.
Forex traders said foreign fund outflow, positive domestic equities and weak US dollar supported the rupee, but investors preferred to stay on the sidelines ahead of Reserve Bank of India Governor Shaktikanta Das’ address.(REUTERS)
Forex traders said foreign fund outflow, positive domestic equities and weak US dollar supported the rupee, but investors preferred to stay on the sidelines ahead of Reserve Bank of India Governor Shaktikanta Das’ address.(REUTERS)

Rupee slips 6 paise to 74.36 against US dollar in early trade

Mumbai | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON AUG 27, 2020 10:44 AM IST
At the interbank forex market, the rupee opened at 74.30, but lost ground and touched 74.36 in early morning deals, registering a fall of 6 paise over its previous close of 74.30 against the greenback.
Rs 2,000 notes were introduced after the government announced the demonetisation of old Rs 500 and Rs 1,000 notes on November 8, 2016.(Getty Images/iStockphoto)
Rs 2,000 notes were introduced after the government announced the demonetisation of old Rs 500 and Rs 1,000 notes on November 8, 2016.(Getty Images/iStockphoto)

RBI did not print even one Rs 2,000 note in 2019-20

Hindustan Times, New Delhi | By Roshan Kishore and Rajeev Jayaswal
UPDATED ON AUG 25, 2020 04:16 PM IST
The number of Rs 2,000 notes peaked at 3.36 billion units (or pieces) in 2017-18. This number dropped to 3.29 billion in 2018-19. It has fallen again to 2.73 billion in 2019-20
The RBI annual report has revealed that no indent for printing of Rs 2,000 currency notes was made during 2019-20.(Getty Images/iStockphoto)
The RBI annual report has revealed that no indent for printing of Rs 2,000 currency notes was made during 2019-20.(Getty Images/iStockphoto)

Rs 2,000 notes were not printed in 2019-20: RBI report

Mumbai | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON AUG 25, 2020 02:21 PM IST
The number of pieces of Rs 2,000 denomination notes constituted 2.4 per cent of the total volume of notes at end-March 2020, down from 3 per cent at end-March 2019 and 3.3 per cent at end-March 2018.
With a view to encouraging wider participation and retail holding of government securities, retail investors are allowed participation on “non-competitive” basis in select auctions of dated Government of India securities and Treasury Bills.(REUTERS)
With a view to encouraging wider participation and retail holding of government securities, retail investors are allowed participation on “non-competitive” basis in select auctions of dated Government of India securities and Treasury Bills.(REUTERS)

RBI to sell 3 government securities totalling Rs 30,000 crore

Mumbai | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON AUG 21, 2020 06:45 AM IST
The auction will be a multiple price-based auction -- successful bids will get accepted at their respective quoted price for the security.
The government had budgeted Rs 60,000 crore as dividends from RBI and state-run banks and financial institutions, according to the Union Budget 2020-21.
The government had budgeted Rs 60,000 crore as dividends from RBI and state-run banks and financial institutions, according to the Union Budget 2020-21.

RBI okays Rs 57,128-crore dividend to govt

Mumbai | By Gopika Gopakumar
PUBLISHED ON AUG 15, 2020 02:48 AM IST
The board also approved the Annual Report and accounts of RBI for the year 2019-20, said the central bank in its notification.
After marginally rising to USD 157.4 billion in April, the holdings jumped to USD 169.9 billion in May, an increase of around USD 13 billion in a month’s time.(REUTERS)
After marginally rising to USD 157.4 billion in April, the holdings jumped to USD 169.9 billion in May, an increase of around USD 13 billion in a month’s time.(REUTERS)

India hikes exposure to US govt securities in May

New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON JUL 26, 2020 04:19 PM IST
So far this year, the country’s exposure has seen significant fluctuations and had touched a record high of USD 177.5 billion in February.
A fraud of 36.9 billion rupees ($492 million) is being reported to the Reserve Bank of India in the accounts of Dewan Housing Finance Corp.,(PTI)
A fraud of 36.9 billion rupees ($492 million) is being reported to the Reserve Bank of India in the accounts of Dewan Housing Finance Corp.,(PTI)

Scandal-hit Punjab National Bank reports $492 million fraud

By Bloomberg | Posted by: Shankhyaneel Sarkar
UPDATED ON JUL 10, 2020 02:34 PM IST
This is the fourth scandal Punjab National Bank is complaining of in three years. In 2018 it alleged it was swindled of $2 billion by a jeweler who colluded with bank officials.
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