Accordingly, all regulatory returns required to be submitted by such entities to the Department of Regulation can be submitted with a delay of up to 30 days from the due date.

Earlier in the week, the Reserve Bank had announced Rs 50,000-crore SLF-MF scheme to bailout the mutual funds facing redemption pressure.

According to sources, the RBI has conveyed to banks that there is no restriction for them to provide moratorium to NBFCs.

On Thursday, the RBI said banks would be eligible for regulatory benefits irrespective of whether they supported MFs with resources from the special window or otherwise.

The RBI had earlier extended the deadline for one-time debt restructuring of MSMEs from March 31, 2020, to December 31, 2020.

Warburg Pincus affiliate Dayside Investment Ltd and insurance firms ICICI Prudential Life Insurance Company, HDFC Life Insurance, and Bajaj Allianz Life Insurance will infuse capital in the lender.

The meeting will take stock of implementation of several steps announced by the RBI, including moderation in interest rate and its transmission, as well as liquidity infusion measures to support the industry.

The three year NCD issue of Indiabulls Housing Finance opened on April 29. Although, the base issue size was Rs 100 crore, but it had a greeshoe option of Rs 900 crore.

China’s central bank has started testing its official Bitcoin-like digital currency DCEP, and the bank is now planning to roll out the virtual money payment system soon.

Implementation of three months moratorium on repayment of loan instalments announced by the RBI was also reviewed during the meeting.

The RBI, in a press release, said 'financial position of the bank is highly adverse and unsustainable'.

The state-owned bank launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced.

As per the bank's website, it had deposits of Rs 485.56 crore, loans of Rs 161.17 crore and a negative networth of Rs 239.18 crore.

Delhi high court, in an interim order on May 1, has allowed HDFC Bank to deduct a Rs 90-crore loan installment from Indiabulls' fixed deposit which it holds as security.

Banks could review extending the moratorium to non-banking financial companies (NBFCs) after a meeting with the Reserve Bank of India (RBI) on Saturday.

AU Small Finance Bank (SFB) reported an increase of 3.5% year-on-year in PAT to Rs 120 crore (our estimate: Rs 180 crore), affected by higher provisions of Rs 150 crore.

The development also shows the government's push for digital technology has enabled people to access banking services even when the pandemic spread its tentacles.

The government can issue recapitalisation bonds, or the RBI's huge reserves of over USD 127 can also be dipped into to help the state-owned bank's recapitalisation needs, it said.

The government can issue recapitalisation bonds, or the Reserve Bank of India's (RBI) huge reserves of over USD 127 can also be dipped into to help the state-run banks' recapitalisation needs, it said.

The loan has been disbursed under a refinance scheme by Nabard from its own resources and was given this week, it said.

The coupon on the bonds, to be maturing in December 2021, has been fixed at 7.06 per cent per annum.

This will lead to the share of retail and small business loans to grow to a level of 60 per cent in the next two years from the current 44 per cent, he said.

In the gold loan category, which accounts for 87% of our standalone portfolio, more than 90% are servicing their dues.

Banks are flush with liquidity, but they also have to look after the interest of depositors.

On the COVID-19 pandemic, SBI Card said globally, countries and businesses are under lockdown and there is a high level of uncertainty about the duration of the lockdown and the time required for things to get normal. 

Indian Railways Catering and Tourism Corporation’s premier luxury train, the Maharajas Express, is all set to run its first Indian Panorama journey of the 2012-13 season tomorrow. The train will depart from the Safdarjung Railway Station tomorrow at 2200 hours. All guests have been...

Indian Luxury Trains (ILT), India’s first luxury train portal, is all set to add the Fairy Queen  train, India’s oldest running steam locomotive, to its portfolio. The Fairy Queen train was jolted down last year following the vandalizing & stealing of the brass parts of this...

If sources are to be believed, the Golden Chariot, a luxury train operating in South Indian states of Karnataka and Tamil Nadu, will soon revamp its itinerary to include destination in Andhra Pradesh. This move is meant to promote tourism in Andhra Pradesh as well as to make the train more...

Thunberg has become a leading voice for action on climate change, inspiring millions of students to join protests around the world.

Some schools of thought suggest that the eruption pushed Earth into volcanic winter that lasted as long as six years and the planet Earth had to endure a longish cooling period of a thousand years.

The discovery was announced by the Minor Planet Center on Tuesday. So far, the astronomers do not have enough data to establish what the minimoon is made of.

The launching vehicle of GISAT 1 has evinced much interest before the launch of the mission. GSLV -F10 is a humongously tall vehicle - as tall as a Sixteen storey building, and weighing approximately 4,20,300 kilograms..

BEE will start rating deep freezers and light commercial air conditioners as well from now onwards. The star rating programme was launched on the 19th foundation ceremony of the BEE.

Special grade steel plates have been procured from the Bhilai plant of the Steel Authority of India Limited (SAIL) to be used in the launch vehicle.

ISRO is already working on a Humanoid prototype (with a female form)for the Gaganyaan missions, which is expected to be sent out on a mission next year to test it out before actually sending humans in space.

The Indian Space Research Organisation had then resolved to launch the project again. It had said the project is likely to be launched by the end of the year.

Ever since Dragon became the first private spacecraft to visit the ISS in 2012, it had spent 520 days at the International Space Station

The advantage of Economic Decarbonisation is that it intertwines with the modernization of all industries. Excessive dependence on fossil fuels does more damage than good, it may guarantee temporary energy security but the side-effects are way too disastrous to continue using this as ‘energy- steroids’.

Saturation of Pilibhit Tiger Reserve with an increasing population of tigers has resulted in man-animal conflicts in the area.

The term supermoon has only prevailed in the common lexicon for 40 years or so. It was coined by astrologer Richard Nolle in 1979.

The famous scientist, who battled amyotrophic lateral sclerosis (ALS), a motor neurone disease for over 50 years, passed away at the age of 76 on March 14, 2018.

Have you ever wondered why the moon is always there next to Earth? How did it come into existence and what is its relation to the Earth?

The tech entrepreneur's company will launch a Falcon 9 rocket to transport NASA astronauts Bob Behnken and Doug Hurley in a first for the space agency as it looks to cut costs.

The report on World Water Day 2020 explains that in order to tackle climate change, a lot of marginalised communities need clean water and decent toilets as a front line defense.

With classes and all other activities being suspended till March 31 due to coronavirus, the Indian Institute of Technology (IIT) Gandhinagar has launched 'Project Isaac' to engage students confined to their rooms or homes in productive activities.

"Green Citizen Awards" will also be instituted to encourage citizens to contribute to environment protection and preservation work, Deputy Chief Minister Manish Sisodia said while presenting the budget in Delhi Assembly.

While citing the examples of Italy and Spain, which started screening of travellers 25 days and 39 days respectively after first reported cases, it said it took a number of proactive measures and shared the chronology of the steps taken by it.

COVID-19: The team, which consists of only volunteers, has been working without any funding and is working anonymously so that people do not call them with inquiries about the project.

The study, published in the journal Environmental Science & Technology, noted that rapid testing kits using paper-based devices could be used on-site at wastewater treatment plants.

First and foremost, through the recent COVID-19 crisis, satellite technology is found proving its utility for support.