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.

Private banks are also understood to be entertaining requests for a moratorium as some of them have exposure to microfinance borrowers themselves and have a good sense of the market.

Notably, following RBI's announcement on allowing a moratorium on term loans for March 1 to May 31, most of the MFIs have extended a moratorium to their borrowers till May 31.

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.

RBI said that the farmers do not have to pay penal interest and at the same time they will continue getting the benefits of the interest subvention scheme. 

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.

It said sectors with higher leverage, such as power, telecom, roads, textiles and fertilisers, will be the major beneficiaries and account for nearly 47 per cent of the total breather available.

The percentage of applicants is in low single digit as a share of the loan book, the bank said, but this could go up as it has not put a deadline or a cut-off for people to apply.

With the first targeted long-term repo operations (TLTRO) 2.0 failing fresh funding or refinancing to the sector from this route is unlikely to exceed Rs 10,000 crore unless there is a significant change in the banks' response in the second tranche, it said.

Accordingly, all regulatory returns required to be submitted by such entities to the Department of Regulation can be submitted with a delay of up to 30 days from the due date.

Earlier in the week, the Reserve Bank had announced Rs 50,000-crore SLF-MF scheme to bailout the mutual funds facing redemption pressure.

According to sources, the RBI has conveyed to banks that there is no restriction for them to provide moratorium to NBFCs.

The RBI had earlier extended the deadline for one-time debt restructuring of MSMEs from March 31, 2020, to December 31, 2020.

Implementation of three months moratorium on repayment of loan instalments announced by the RBI was also reviewed during the meeting.

The RBI, in a press release, said 'financial position of the bank is highly adverse and unsustainable'.

As per the bank's website, it had deposits of Rs 485.56 crore, loans of Rs 161.17 crore and a negative networth of Rs 239.18 crore.

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

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

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

The launching vehicle of GISAT 1 has evinced much interest before the launch of the mission. GSLV -F10 is a humongously tall vehicle - as tall as a Sixteen storey building, and weighing approximately 4,20,300 kilograms..

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

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?

COVID-19: The team, which consists of only volunteers, has been working without any funding and is working anonymously so that people do not call them with inquiries about the project.

More than a thousand face shields have been dispatched for the doctors and healthcare staff of AIIMS Rishikesh.

In the insurance there is compulsory PA coverage for driver as well as owner. If the owner fall from a pickup van vehicle an get injure due to rash riving of its driver will owner claim insurance compensation.

SC RESERVES ORDER TO DETERMINE BALANCE OF CONCERNS IN PLEA TO RESTORE 4G IN J&K The Supreme Court Bench comprising of Justices NV Ramana, SK Kaul and BR Gavai reserved its judgment on Monday, after hearing both sides ofthe PILs filed by Foundatio

I previously wrote about the advantages of adding horizontal and vertical reference lines to a graph. You can also add a diagonal reference line to a graph. The SGPLOT procedure in SAS supports two primary ways to add a diagonal reference line: The LINEPARM statement enables you to specify a [...]

The post Add diagonal reference lines to SAS graphs: The LINEPARM and VECTOR statements appeared first on The DO Loop.

Over half of the world’s population is in self-confinement as a result of the COVID-19 pandemic. And though the lockdown has slowed the spread of the coronavirus, it has accelerated the progress of another insidious phenomenon: conspiracy theories.

Thirty-five years ago, Mikhail Gorbachev was named general secretary of the Communist Party of the Soviet Union.

The operator of a paper mill in Raigarh in Chhattisgarh, where a gas leak on May 6 evening led to the hospitalisation of seven people, was arrested on Friday for criminal conspiracy and attempt to...

Assam has 'temporarily' shut down the Guwahati Medical College and Hospital (GMCH) - the biggest medical college of the northeast and the B Borooah Cancer Institute in Guwahati after four coronavirus...

An MLA of Delhi's ruling Aam Aadmi Party (AAP) named by a doctor who committed suicide last month has been arrested. The AAP MLA Prakash Jarwal had applied for protection from arrest after a police...

सव्वा वर्षांचा पंपू थोडा अडखळत, थोडा चालत, थोडा रांगत घरभर फिरायचा

In the light of recent regulations, many artists and cultural organisations have taken to the internet to continue with their events.

A timely reminder that foundations of India’s authoritarian laws were laid right after independence, to be exploited by successive regimes

The hospital’s admissions and out patient department services were sealed on March 28 after two nurses tested positive that day.

At a time when all healthcare resources have been consumed in addressing the coronavirus threat, a large number of patients with other health conditions, be it chronic diseases or acute conditions requiring medical help are at loss.

Lawrence's fictitious Indian National Army captain Immanuel Stanley David is faced with a wave of events, mostly untoward circumstances, after his landing in Burma during World War II.

While millions face the disease, almost all are facing economic hurdles. No sector is untouched, and no impact is small. Looking beyond oil and aviation, we bring you stories of sectors facing their own unique challenges.

Children’s books have undergone a huge transformation. The latest rage are audiobooks, ensuring there’s a grandma for every kid yearning for a bedtime story.

While the Draft Bill which seeks to increase private participation and address key issues has been welcomed by industry, more clarity is needed on some of its provisions.

Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc, added more than 90,000 jobs.

Electricity consumption in Uttar Pradesh declined by 20.3% in April while Rajasthan recorded an annual fall of 21.3% in the same month.

Industry experts say that lump-sum investments have stopped and even some investors are stopping their SIPs, due to the unpredictable equity markets.

Company faring better than peers on operational front due to its focus on exports; lower costs to aid margin; ‘Buy’ maintained.

Building the infrastructure for a low carbon future will require oil. While a long term decline for oil’s central place in energy use seems inevitable, we need to ensure that our oil sector continues to contribute to the national economy

Saudi Arabia’s $320 billion sovereign wealth fund is exploring a potential investment in Reliance Industries Ltd.’s digital unit.

Following directions from the Centre, Dr Guleria, who is a pulmonologist, and Dr Manish Soneja from the AIIMS department of medicine left for Ahmedabad.

The American Hospital Association (AHA) and the American Organization for Nursing Leadership (AONL) said there has never been a more urgent need for the care that foreign-born physicians and foreign-trained nurses provide than during the current COVID-19 pandemic.

Michael Gewitz, Physician-in-Chief of Maria Fareri Children's Hospital, where the boy passed away, said the child suffered "serious neurological complications" from the pediatric multi-symptom inflammatory syndrome.