The Insolvency and Bankruptcy Board of India (IBBI) constituted an 11 member working group under former SEBI chairman U.K Sinha to provide a regulatory framework to facilitate the insolvency resolution of group companies. We know that the Insolvency and Bankruptcy Code, 2016 had consolidated all the existing laws related to insolvency in India. [Read: The …
What is Group Insolvency framework? Why is it required? Read More »
The RBI hiked the limit of Ways and Means Advances (WMA) to deal with the COVID-19 pandemic. This post explains about the WMA in a simplified way. Ways and Means Advances (WMA) The RBI acts as a banker to Government. Under ways and means advances (WMA), it gives short-term loan facilities to the central government …
The RBI hikes Way and Means Advances (WMA) limit- What is it? Read More »
COVID-19 is the black swan of 2020. It has ravaged economies across the world. The pandemic is expected to hit India’s Micro, small and medium enterprises (MSME) sector particularly hard because of a lack of adequate cash reserves to tide over the crisis. The chairman of the Global Alliance for Mass Entrepreneurship (GAME) has said …
Impact of COVID-19 on Micro, small and medium enterprises (MSMEs) Read More »
India’s economic growth is likely to decline on account of the impact of coronavirus pandemic and the consequent lockdown. Various financial institutions have been cutting India’s economic growth forecast. The rating agency Moody’s slashed India’s GDP growth rate estimate for the year 2020 to 2.5 % from 5.3% estimated just 2 weeks back. Foreign brokerage …
Yes Bank, one of India’s leading private banks, was put under moratorium by the RBI on 5th March 2020. Several restrictions were put on the functioning of the bank, and deposits were limited to Rs. 50,000 per day up to 3rd April with a maximum limit of Rs. 5 Lakhs. Meanwhile, the Government approved the …
International oil prices have been declining since January 2020. Brent crude has slid from $65 in December 2019 to below $30 in March. On 18th March, Brent crude fell more than 14 % to $24.52 barrels per day. Analysts expect the prices to touch $20 per barrel mark. [Brent crude and West Texas Intermediate (WTI) …
We already know that banks haven’t been passing down the RBI’s rate cuts to the borrowers. Therefore, the RBI took certain steps to drive up monetary policy transmission in its recent monetary policy review in February 2020. Highlights of the Monetary Policy Review: The RBI kept the repo rate unchanged at 5.15 %. It hadn’t …
LTRO: What is Long Term Repo Operations?- Explained Read More »