The Reserve Bank of India is considering a proposal from the Niti Aayog to categorise loans to purchase electric vehicles under the priority sector lending (PSL) segment. If the proposal is accepted, it will help the segment get credit at lower interest rates. Currently, these loans are given under the auto retail category, but lenders […]
Fortum Solar Raised USD 1,47,49,994 by Rupee Denominated Bonds or Masala Bonds – EQ Mag Pro
Mumbai: Indian companies raised nearly USD 1.34 billion from foreign markets in October this year, down 34 per cent from the year-ago period, RBI data showed on Wednesday. The domestic firms had raised over USD 2.03 billion from the overseas markets in October 2020. In a break-up, the companies raised as much as USD 1.32 […]
RBI releases draft Master Direction on Prudential Regulation for AIFIs – 2021
RBI releases draft Master Direction on Prudential Regulation for AIFIs – 2021 For More Information Click on Below Link :
Introduction of the MCLR by RBI Does not Constitute a Change in Law Event
Introduction of the MCLR by RBI does not constitute a Change in Law Event. For more information please see below link:
SC on Loan Moratorium LIVE Updates: Apex court says complete interest waiver not possible, can’t allow moratorium extension
SC on Loan Moratorium: A Supreme Court bench comprising of three judges said judicial review is not possible on economic policy matters. The Supreme Court has pronounced its judgment on a batch of pleas related to the six-month loan moratorium period, stating that it cannot allow waiver of complete interest and extension of the moratorium. […]
RBI’s DISCUSSION PAPER ON REVISED REGULATORY FRAMEWORK FOR NBFCs
Discussion paper on Revised Regulatory Framework- a Scale Based Approach For more information please see below link:
RBI on Thursday decided to broaden the scope of Priority Sector Lending (PSL) by including start-ups and enhancing borrowing limits for renewable energy sectors
New Monetary Policy Framework by RBI (No Change in Repo & Reverse Repo Rate) Page No. 11 (Review of Priority Lending Guidelines) For more information please see below link:
RBI Update – Special liquidity scheme for NBFCs/HFCs
Reserve Bank of India has issued a notification pursuant to a scheme approved by Government of India to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. Following NBFCs/HFCs are eligible under the Scheme: (a) NBFCs including Microfinance Institutions that are registered […]
Reliance Power to eye value accretive growth opportunities
Anil Ambani also said that the company is committed to cleaner and greener power and is undertaking capital expenditure of Rs 3,300 crore to install Flue-gas desulfurization (FGD) in its coal based plants New Delhi: Reliance Power Chairman Anil Ambani on Tuesday said that the company’s focus will be on value accretive growth opportunities while […]
Punjab National Bank extends moratorium to NBFC
Summary RBI on Saturday had conveyed to top banks that even NBFCs including microfinance firms and housing finance companies are covered under `borrowers’ to be eligible for moratorium. The central bank also told them they could use their discretion to decide the eligibility of firms based on their credit and liquidity profile. Kolkata: Punjab […]