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File image of SBI chairman Rajnish Kumar | Photo: ANI

Not ‘overworried’ about NPAs, no need for a blanket moratorium extension: SBI chairman

SBI chairman Rajnish Kumar said the extension of the loan moratorium may be needed only for certain specific stressed sectors.
A $100 dollar and a Rs 10 banknote

Why Indian companies are watching how successful this data firm is in getting a dollar loan

A successful Mu Sigma deal would be one of the first signs that overseas lenders are becoming less reluctant to extend funds to Indian companies.
Representational Image. | Photographer: Dhiraj Singh | Bloomberg

Fears about largescale retail loan defaults in India overblown, Macquarie analysts say

The RBI has allowed borrowers to delay monthly payments on their loans until the end of August, to provide some relief from a prolonged lockdown.
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

Economics not over health: SC after RBI says interest waiver will affect banks

The court allows Centre time to file a response on behalf of the RBI and finance ministry after plea says RBI’s 27 March circular didn't serve 'economic justice'.
File image of the Supreme Court of India | Photo: Manisha Mondal | ThePrint

SC issues notice to RBI, govt on plea seeking interest waiver during loan moratorium

The petition stated that RBI's decision to delay EMI payments but allow interest liabilities to accrue during the loan moratorium would negate the relief provided.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

You don’t have to pay term loan EMI for 3 more months, with no impact on credit history

RBI has said opting for the EMI deferment until August 31 won’t hurt borrowers’ credit history, but interest will keep accruing on these loans.
A screen displays a broadcast of the Reserve Bank of India (RBI) Governor Shakitanka Das inside the Bombay Stock Exchange (BSE) in Mumbai, India, on Friday, March 27, 2020. The RBI cut interest rates and announced steps to boost liquidity in a stimulus worth 3.2% of gross domestic product to counter the economic impact of the coronavirus outbreak | Dhiraj Singh/Bloomberg

Modi govt is seeking $6 billion of loans to fight coronavirus

The World Bank has already committed $1 billion and Modi govt is in talks with Asian Infrastructure Investment Bank and ADB for more.
Nandan Nilekani speaks at Carnegie India's Global Technology Summit 2019

Small businessmen will soon get loans based on data, not balance sheets: Nandan Nilekani

Nandan Nilekani says under the new system, Account Aggregator, owners will be able to use bank statements, tax returns, home loan repayment records to avail of short-term loans.
File photo of people lining up outside an HDFC Bank ATM| Bloomberg

HDFC Bank sees signs of economy reviving in rural and semi-urban areas

Loan outreach programmes in rural areas have given the sense that consumption in rural & semi-urban areas is turning more positive, HDFC Bank says.
The RBI logo

Indian banks are still not fully passing on interest rate cuts to customers

Spread between RBI’s key policy rate & weighted average lending rate on outstanding loans from banks is highest in data going back to February 2012.

On Camera

Uyghur Muslim women in the Grand Bazaar in Kashgar, Xinjiang, China

TV anchors outrage over Uyghurs in China, but stay quiet about Indian Muslims

After cheering the ban on Chinese apps, the latest coping mechanism of Indian TV news seems to be focusing on the plight of the Uyghur Muslims in China.
Pedestrians pass in front of the Nasdaq MarketSite in the Times Square neighborhood of New York, US (representational image) | Michael Nagle/Bloomberg

The next 3 months will reveal how badly global economy has been hit by coronavirus

Next 3 months stand to reveal the underlying economic pain more vividly than past 3 months as massive fiscal assistance from govts is soon going to fade.

Defence

A road bridge built by India between Durbuk and Daulat Beg Oldi in eastern Ladakh (representational image) | Photo: ANI

India, China to hold Corps Commander-level talks on 14 July at Chushul

The talks will focus mainly on the second phase of disengagement along the Line of Actual Control (LAC), said the Indian Army officials.
Illustration by Soham Sen | ThePrint

Uttar Pradesh is India’s broken heartland, break it into 4 or 5 states

Uttar Pradesh, our largest state by population and most powerful, is also the worst governed. A state with 1-in-6 Indians has no hope because of its size.