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Saturday, July 25, 2020

Centre focuses on BJP’s majoritarian objectives rather than repairing impaired economy: Raghuram Rajan

Former Governor of the Reserve Bank of India (RBI) Raghuram Rajan said on Saturday that the Centre should extend fiscal relief that can help rebuild a

from Business Line - Money & Banking https://ift.tt/3jFjTuo
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No need to privatise PSBs, get govt share down to 26%: RBI Board member Satish Marathe

The country continues to be poor despite all the efforts of many years and efforts to deepen financial access have also been met with limited success, he said.

from Banking & Finance – The Financial Express https://ift.tt/30F77De
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Banks need to raise and conserve capital in COVID time: Former RBI deputy governor

"Banks are required to raise capital at the moment. They need to raise and conserve capital. This is because when it is needed, capital may not be available or become highly expensive," Vishwanathan said while speaking at a webinar organised by Enqube Collaboration.

from Banking/Finance-Industry-Economic Times https://ift.tt/2CEMXlb
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PM Modi reviews micro credit scheme for street vendors

The review meet was informed that over 2.6 lakh applications have been received, over 64,000 have been sanctioned and over 5,500 have been disbursed.

from Banking & Finance – The Financial Express https://ift.tt/2ZZGVEw
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ICICI Bank Q1: Sharp rise in Covid provisions lends comfort, but asset quality risk persists

While use of profit on partial stake sale in insurance subsidiaries to beef up provisions is a positive, addition to stressed book and subdued credit offtake are dampeners

from Business Line - Money & Banking https://ift.tt/2WWyyrb
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