RBI says no risk weight for loan via emergency credit line guarantee

Monday, Jun 22 MUMBAI – The Reserve Bank of India on Sunday said lenders should assign no risk weight on the credit facilities extended under the Emergency Credit Line Guarantee Scheme. Last month, the Union Cabinet had approved a scheme that guarantees an emergency credit line of 3 trln rupees to micro, small and medium enterprises and Micro Units Development and Refinance […]

TREND:Statistics office’s decision to withhold Apr IIP data puzzling

Monday, Jun 22 By Pragya Srivastava NEW DELHI – At a time when the nationwide lockdown has hit macroeconomic data collection, the National Statistical Office decided to withhold industrial growth figures for April for a completely different reason. Earlier this month, the statistics office, perhaps for the first time, discarded the usual practice of releasing the growth numbers […]

Govt to review PSU bank mergers before call on further consolidation

Monday, Jun 22 By Sagar Sen and Tushar Chakrabarty NEW DELHI – The finance ministry will monitor and review the last set of public sector bank mergers before taking a call on further consolidation in the sector, a senior government official said. “We expect the 10 merged banks to take at least 6 months to 1 year in […]

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