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Libra Horoscope for May 9, 2020

Overeating and high calorie diet needs to be avoided. If you are a student and want to study abroad, then financial crisis at home can upset you today. Festive atmosphere at home would ease your tension. Make sure you also participate in this and not remain like a silent spectator. Your beloved today would like to say his/her mind rather than listening to you. This can make you upset. The day is good. Hence, along with others, you will be able to make some quality time for yourself. You may take your partner for granted in certain case, which will lead to a fight. Avoid stepping out of your boundaries while joking with friends, as it can ruin your friendship.




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Banks may stay with AAA paper to invest TLTRO money

RBI clarified that any amount that is not used within the given time frame would attract a penal interest – the prevailing policy repo rate plus 200 basis points for the number of days the money remained unused.




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Will discuss distressed assets fund for realty with SBI: HDFC Chairman Deepak Parekh

The fund will work in a similar manner in which the public sector and private sector partnered to invest and rescue Yes Bank.




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Yes Bank moratorium to hurt smaller private banks, NBFCs: Moody’s

In 2017-18, the RBI permitted several PSBs under the prompt corrective action (PCA) framework to buy back AT-1 securities and lower the risk of a trigger event occurring under Basel-III rules.




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We have adequate liquidity in all four of our NBFCs: Thomas John Muthoot, CMD, Muthoot Pappachan Group

There will be very limited impact on affordable housing loans, most of which are backed by cash flow, and given mostly to the salaried class who have a steady income.




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Short-term impact of COVID-19 will be severe in all segments: K Paul Thomas, CEO, ESAF

ESAF has more than 96% of its exposure in the micro-segment with the average ticket size of the loan being Rs 33,000.




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Moratorium: 10 per cent provisioning may shave Rs 35,000 crore off bank profits

The new provisioning requirement has to be made for the March and June 2020 quarters and this will impact their profitability in 2019-20 and 2020-21.




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Kotak Mahindra Bank cuts savings account interest rate; effective from April 20

Kotak Mahindra Bank, which has revised interest rate on daily balances in savings account multiple times over the past year or so, has again made a change.



  • Banking & Finance
  • Industry
  • Kotak Mahindra Bank

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Kotak Mahindra Bank board to consider fundraising proposal this week

In a recent report, global ratings agency Standard & Poor's had said Kotak Mahnidra Bank can weather the challenges that will be posed by the infections and affirmed its rating on the lender.




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Cash loses, digital transactions win: More people go online to transfer money in March: RBI data

Digital transactions have gained new heights in the month of March as India announced a lockdown due to coronavirus. The total value of Real Time Gross Settlement (RTGS) transactions also witnessed a spike.




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ICICI Bank launches voice banking services on Amazon Alexa, Google Assistant

This novel facility offers customers yet another way to connect with their bank from home at a time when they are advised to stay indoors in the wake of the nationwide lockdown, ICICI Bank said in a release.




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Kotak Mahindra Bank may raise Rs 8,000 crore via equity dilution

Market is viewing the fund-raising announcement in a positive light as the lender’s move to build up capital reserves is being seen as a sensible move at a time of uncertainty.




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Loan moratorium may haunt banks even after getting lifted; Moody’s explains post moratorium credit landscape

The loan moratorium, as suggested by the Reserve Bank of India (RBI) last month and subsequently implemented by various lenders across the country, might be able to provide some temporary relief for now but could also play a hand in changing the credit landscape of the banking sector.




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We’re in conserve, consolidate mode; crisis a great time to go digital: Mahabaleshwara MS, CEO, Karnataka Bank

Loan waiver schemes for agricultural loans introduced by some of the state governments may also help reduce stress to some extent.




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Over Rs 68,600 cr loans of wilful defaulters, including Mehul Choksi, Vijay Mallya firms, written off: RBI in RTI reply

In the last Parliament session, Rahul Gandhi had asked the government to provide a list of top 50 bank loans defaulters in the country, leading to sharp exchanges and uproar in the Lok Sabha.




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RBI makes it easier for banks to support mutual funds

On Thursday, the RBI said banks would be eligible for regulatory benefits irrespective of whether they supported MFs with resources from the special window or otherwise.




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NBFCs tapping NCD market to raise funds amid Covid crisis

The three year NCD issue of Indiabulls Housing Finance opened on April 29. Although, the base issue size was Rs 100 crore, but it had a greeshoe option of Rs 900 crore.




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Moratorium: Banks may give NBFCs a break

Banks could review extending the moratorium to non-banking financial companies (NBFCs) after a meeting with the Reserve Bank of India (RBI) on Saturday.




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AU Small Fin Bank Rating: Target price to be revised after earnings call

AU Small Finance Bank (SFB) reported an increase of 3.5% year-on-year in PAT to Rs 120 crore (our estimate: Rs 180 crore), affected by higher provisions of Rs 150 crore.




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COVID-19: NBFCs ask RBI for one-time restructuring of all loans till March 2021

RBI, on April 17, announced to provide special refinance facilities for a total amount of Rs 50,000 crore to NABARD, SIDBI and National Housing Bank (NHB) to enable them to meet sectoral credit needs.




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PSB NPAs likely to rise 2-4 per cent points; may push govt to recapitalise via RBI reserves, bonds: Report

The government can issue recapitalisation bonds, or the RBI's huge reserves of over USD 127 can also be dipped into to help the state-owned bank's recapitalisation needs, it said.




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State-owned bank NPAs may rise in FY21, govt’s fiscal deficit to widen: Bank of America

The government can issue recapitalisation bonds, or the Reserve Bank of India's (RBI) huge reserves of over USD 127 can also be dipped into to help the state-run banks' recapitalisation needs, it said.




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Indian Overseas Bank, Bank of Maharashtra cut lending rates

State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR). "Our Bank has revised the MCLR w.e.f 10.05.2020 until further review," Indian Overseas Bank said in a regulatory filing. The Chennai-headquartered lender said the MCLR for the benchmark one-year tenor loan has […]




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Yes Bank creates stressed asset management vertical to resolve NPA accounts

This will lead to the share of retail and small business loans to grow to a level of 60 per cent in the next two years from the current 44 per cent, he said.




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Kotak Mahindra Bank cuts pay by 10% for staff earning over Rs 25 Lakh

The communication further stated that Covid-19 is wreaking havoc on the economy which, in turn, will impact a financial services firm like KMB.




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Stressed assets: Lenders may create bad bank, says SBI chief

In an interview with CNBC TV18, Kumar said the time is right to set up a structure, along the lines of a bad bank, given there are adequate provisions for existing non-performing assets (NPAs).




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Over 90% gold loan customers have not opted for moratorium: VP Nandakumar, MD and CEO, Manappuram Finance

In the gold loan category, which accounts for 87% of our standalone portfolio, more than 90% are servicing their dues.




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Loan moratorium should be in place till December 31: Yes Bank MD & CEO Prashant Kumar

Banks are flush with liquidity, but they also have to look after the interest of depositors.




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Maharajas Express all set to run its first Indian Panorama journey of the season

Indian Railways Catering and Tourism Corporation’s premier luxury train, the Maharajas Express, is all set to run its first Indian Panorama journey of the 2012-13 season tomorrow. The train will depart from the Safdarjung Railway Station tomorrow at 2200 hours. All guests have been...



  • Fri
  • 19 Oct 2012 00:00:00

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Indian Maharaja Wins Third Successive Award for Best Asian Luxury Train

Indian luxury train, the Indian Maharaja, has bagged the award for the Best Asian Luxury Train for the third year in a row. The train was felicitated at World Travel Awards 2012, quoted by Wall Street Journal as “the travel industry’s equivalent to the Oscars”. The awards are...



  • Wed
  • 31 Oct 2012 00:00:00

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Americans Besotted With Maharajas’ Express, Turn Up in Big Numbers

Indian luxury train, The Maharaja’s Express, is making quite an impression in the US as owner and operator IRCTC is hosting multiple events promoting the Maharaja Express in Las Vegas, Los Angeles (November 26) and San Francisco (November 30). The train has been bestowed with several honors...



  • Wed
  • 21 Nov 2012 00:00:00

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Maharaja’s Express Awarded the Best Luxury Train in the World at World Travel Awards 2012

Popular Indian luxury train, The Maharaja’s Express, has been awarded World’s Leading Luxury Train 2012 at the World Travel Awards 2012 held in New Delhi yesterday. The train was one of the contenders for the coveted title of the best luxury train in the world which included the...



  • Thu
  • 13 Dec 2012 00:00:00

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ISRO’s most reliable partner HAL delivers ‘Made in India’ L-40 stage for GSLV-MKII

Besides the Integrated L-40 stages, HAL is also manufacturing the riveted structures, propellant tanks, feed lines of PSLV, GSLV MKII and GSLV MKIII launch vehicles and structures of various satellites for the space agency.




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By ignoring climate emergency, world leaders are forcing children to act: Greta Thunberg

Thunberg has become a leading voice for action on climate change, inspiring millions of students to join protests around the world.




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Humans in India survived Toba supervolcano eruption; Here’s how 74,000 year-old event developed Homo Sapiens

Some schools of thought suggest that the eruption pushed Earth into volcanic winter that lasted as long as six years and the planet Earth had to endure a longish cooling period of a thousand years.




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Coronavirus silverlining! NASA images show drop in China’s air pollution after lockdown

In a preliminary analysis, NASA researchers compared NO2 values detected by OMI in 2020 with the average amounts detected at this time of year from 2005-2019.




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Here is what ISRO’s new geo imaging satellite GISAT-1 can do

As the date of launch nears, Indian Space Research Organisation (ISRO) in a tweet has revealed what it’s geo Imaging Satellite, GISAT-1 can do




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ISRO’s Young Scientist Programme: Registrations see 2 fold increase post PM Modi’s Mann ki Baat mention

The number of registrations before PM Modi's mention was hovering at only 74,000 which jumped to 1,53,000 after PM's mention.




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ISRO’s Gaganyaan: SAIL’s Bhilai plant sending high strength special steel to make satellite launch vehicle

Special grade steel plates have been procured from the Bhilai plant of the Steel Authority of India Limited (SAIL) to be used in the launch vehicle.




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GISAT-1 launch: ISRO postpones March 5 launch; Here’s why

ISRO's GISAT-1, which weighs around 2,268 kgs, was slated to be the first Earth observation satellite to be placed in the Geosynchronous Transfer Orbit.




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Gaganyaan: DRDO to provide special space food and emergency survival kit for ISRO’s manned mission

ISRO is already working on a Humanoid prototype (with a female form)for the Gaganyaan missions, which is expected to be sent out on a mission next year to test it out before actually sending humans in space.




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NASA records highest resolution pictures of Mars! Check out 360-degree panorama captured by Curiosity rover

Curiosity's project scientist at NASA's Jet Propulsion Laboratory Ashwin Vasavada said that it is the first time that NASA has dedicated its operations to capture a 360-degree panorama.




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Scientists observe half billion-year-old ‘social network’ in early animals

Since rangeomorphs could not move and are preserved where they lived, it is possible to analyse whole populations from the fossil record.




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Global warming: De-carbonising global economy to avert climate change

The advantage of Economic Decarbonisation is that it intertwines with the modernization of all industries. Excessive dependence on fossil fuels does more damage than good, it may guarantee temporary energy security but the side-effects are way too disastrous to continue using this as ‘energy- steroids’.




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Rare ‘Supermoon’ on Holi this year! Check time, details, history of moon marvel

The term supermoon has only prevailed in the common lexicon for 40 years or so. It was coined by astrologer Richard Nolle in 1979.




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Amazon rainforest may collapse within decades if critical point is reached: Study

The scientists noted that the loss of such key stone species may lead to a rapid and dramatic change in the landscape within our lifetime.




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Climate change is real and staring in our faces, but all’s not lost

There’s a collaborative effort across industries today to tackle the crisis. From fashion, energy and transport to beauty and food, companies across sectors are doing their bit to ensure a better tomorrow.




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Moon’s own ‘big bang’? Study reveals story behind formation of Earth’s moon, mysterious ‘Theia’ role in it

Have you ever wondered why the moon is always there next to Earth? How did it come into existence and what is its relation to the Earth?




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Elon Musk’s SpaceX to send first manned flight to space! To dock at ISS in May

The tech entrepreneur's company will launch a Falcon 9 rocket to transport NASA astronauts Bob Behnken and Doug Hurley in a first for the space agency as it looks to cut costs.




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Race for corona vaccine hots up; US, China enter human-trials stage

At least two candidates have already entered the clinical evaluation stage, according to the World Health Organization (WHO).