The Reserve Bank in October 2018 had barred the bank from granting or renewing any loan for six months and later extended the curbs twice.

The window was announced after the markets were roiled by news, last Thursday, of Franklin Templeton MF winding up six of its debt funds amid mounting redemptions. It will remain open till May 11.

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.

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.

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.

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

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.

RBI, on April 17, announced to provide special refinance facilities for a total amount of Rs 50,000 crore to NABARD, SIDBI and National Housing Bank (NHB) to enable them to meet sectoral credit needs.

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

Having come up with emergency credit lines to help businesses weather the Covid storm, banks are seeing little demand for fresh credit at this stage.

Kapoor, former MD and CEO of Yes Bank, was arrested by the ED on March 8 under the Prevention of Money Laundering Act (PMLA). He is accused of sanctioning loans to certain firms against kickbacks.

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

State Bank of India (SBI) has decided to give select Non-Banking Financial Companies (NBFC) a three-month repayment holiday, persons familiar with the development said.

The communication further stated that Covid-19 is wreaking havoc on the economy which, in turn, will impact a financial services firm like KMB.

Similarly, for home loans between Rs 30 lakh to Rs 75 lakh, the effective interest rate is now at 7.65%, compared to 7.45% earlier.

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 Holidays Pvt. Ltd., one of the premier luxury tour operators has announced a minimum 5% discount on select departures for IRCTC and Maharashtra Tourism’s flagship luxury train, the Deccan Odyssey. The journey tariffs had recently been lowered in a bid to make the Deccan Odyssey...

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...

Karnataka Tourism’s flagship luxury train, the Golden Chariot is now available for charter at only $70000 (Rs. 3,500,000). The minister said: “Around 80 tourists can travel in the train per tour. By introducing the charter service, private individuals or organizations can have...

Indian luxury train, the Indian Maharaja, has bagged the award for the Best Asian Luxury Train for the third year in a row. The train was felicitated at World Travel Awards 2012, quoted by Wall Street Journal as “the travel industry’s equivalent to the Oscars”. The awards are...

Popular Indian luxury train, The Maharaja’s Express, has been awarded World’s Leading Luxury Train 2012 at the World Travel Awards 2012 held in New Delhi yesterday. The train was one of the contenders for the coveted title of the best luxury train in the world which included the...

One of the premier luxury trains in India, the Deccan Odyssey, has announced revised departure dates for the remaining of the season. This luxury train will run for 4 more times before completing its 2012-13 season in April 2013. Dubbed India’s Blue Train, the Deccan Odyssey offer weeklong...

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...

Did you know that India's has its very own fleet of trains similar to the legendary Orient Exprees of the West. There’s one more reason why you should book Deccan Odyssey for luxury train tour package with IndianLuxuryTrains.Com As the luxury train season draws to its conclusion by...

Besides the Integrated L-40 stages, HAL is also manufacturing the riveted structures, propellant tanks, feed lines of PSLV, GSLV MKII and GSLV MKIII launch vehicles and structures of various satellites for the space agency.

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

Since our FM mentioned the Sindhu-Saraswati civilisation or the Harappan culture, it is prudent that we start our journey from there.

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.

In a preliminary analysis, NASA researchers compared NO2 values detected by OMI in 2020 with the average amounts detected at this time of year from 2005-2019.

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..

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.

Curiosity's project scientist at NASA's Jet Propulsion Laboratory Ashwin Vasavada said that it is the first time that NASA has dedicated its operations to capture a 360-degree panorama.

Since rangeomorphs could not move and are preserved where they lived, it is possible to analyse whole populations from the fossil record.

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 scientists noted that the loss of such key stone species may lead to a rapid and dramatic change in the landscape within our lifetime.

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?

Coronavirus: A week ago, an employee at the NASA’s Ames Research Centre in California was tested positive for the virus.

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.

The space agency is shutting down its Michoud Assembly Facility in New Orleans, where the Space Launch System rocket is being built, and the nearby Stennis Space Center, administrator Jim Bridenstine said late Thursday.