Tag: RBI

Convert Penalty to Banks into Working Capital Loan: Sakhtivel, AEPC
News, COVID-19

Convert Penalty to Banks into Working Capital Loan: Sakhtivel, AEPC

SME STREET- May 23, 2020

"RBI's decisions to ensure access to affordable and collateral-free loans, a moratorium on term loans, deferment of interest on and easing of working capital financing, ... Read More

RBI Extended Credit Line of Rs 15000 Cr to EXIM Bank
COVID-19, News

RBI Extended Credit Line of Rs 15000 Cr to EXIM Bank

SME STREET- May 22, 2020

In view of the COVID-19 pandemic, however, global trade has contracted sharply and global financial markets have turned highly volatile and risk averse, especially to ... Read More

Key Highlights of RBI Gov. Shaktikanta Das’ Announcements on Repo Rate Cut
COVID-19, LimeLight

Key Highlights of RBI Gov. Shaktikanta Das’ Announcements on Repo Rate Cut

SMEStreet Desk- May 22, 2020

Today RBI Governor, Shaktikanta Das announced that the repo rate is reduced by 40 bps. Repo rate cut by 40 bps to 4 per cent ... Read More

NBFCs Want RBI to Allow Draw-Down from Reserves for Provisioning
Finance, Banking & Finance

NBFCs Want RBI to Allow Draw-Down from Reserves for Provisioning

SMEStreet Desk- May 16, 2020

"We urge upon RBI to consider, as a one-time measure, to allow NBFCs to draw-down from their Reserves and adjust towards additional Expected Credit Losses ... Read More

Govt. Redefines MSMEs, Announced 3 Lakh Cr of Collateral Free MSME Loans
News, COVID-19

Govt. Redefines MSMEs, Announced 3 Lakh Cr of Collateral Free MSME Loans

SMEStreet Desk- May 13, 2020

In another major announcement, the finance minister announced that there will be change in the definition of MSME. "You can be a larger-invested company, you ... Read More

Former RBI Governor C Rangarajan to Work With Tamil Nadu Govt for Fiscal Revival
COVID-19, LimeLight

Former RBI Governor C Rangarajan to Work With Tamil Nadu Govt for Fiscal Revival

SMEStreet Desk- May 10, 2020

C Rangarajan, former RBI Governor, now will examine fiscal challenges faced by Tamil Nadu state owing to the COVID-19 pandemic and suggest the way forward ... Read More

RBI Planning to Extend the Moratorium Offer on Bank Loans
Finance, Banking & Finance

RBI Planning to Extend the Moratorium Offer on Bank Loans

SME STREET- May 5, 2020

"All commercial banks (including regional rural banks, small finance banks and local area banks), co-operative banks, all -India Financial Institutions, and NBFCs (including housing finance ... Read More