Kotak Mahindra Bank, which has revised interest rate on daily balances in savings account multiple times over the past year or so, has again made a change.

The loan moratorium, as suggested by the Reserve Bank of India (RBI) last month and subsequently implemented by various lenders across the country, might be able to provide some temporary relief for now but could also play a hand in changing the credit landscape of the banking sector.

The percentage of applicants is in low single digit as a share of the loan book, the bank said, but this could go up as it has not put a deadline or a cut-off for people to apply.

The regulatory norms with respect to provisioning and asset recognition are uniform for Indian banks’ domestic and foreign exposures.

Vydianathan Ramaswamy, director, ratings at Brickwork Ratings, said that the extension of deployment period to 45 days gives banks a better lead time to lend to a wider set of non-banks.

The tenor of Sidbi’s lending to financial institutions will be 90 days. MSMEs have been cash-starved for a few years and the lockdown to control the spread of Covid-19 is a body blow to their revenues.

With the first targeted long-term repo operations (TLTRO) 2.0 failing fresh funding or refinancing to the sector from this route is unlikely to exceed Rs 10,000 crore unless there is a significant change in the banks' response in the second tranche, it said.

In the fiscal ended March 31, 2020, bank loans had decelerated to 6.14 per cent, a near five-decade low, due to slower economic growth, lower demand and as banks remained risk averse.

The remaining Rs 4,500 crore will be raised by way of additional Tier-1 and Tier-2 capital instruments with an inter-changeability option, the bank said in the release.

However, if collections don’t revive rapidly for the NBFCs and MFIs in particular within this period, the liquidity challenges may continue and will necessitate longer term funding,” the firm said.

“Keeping it open-ended and on-tap would be a better idea than conducting the operation on a pre-decided date. Banks should get enough leeway in deciding how much they want to borrow and when to borrow,” said an expert.

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 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.

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.

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.

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

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.

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.

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 weatherman has predicted a cloudy afternoon with possibility of thunderstorm and gusty winds accompanied by light rains in parts of Delhi.

The space rock will pass the earth at a distance 4.6 times of distance between the Moon and Earth.

According to the Central Pollution Control Board (CPCB) data, the city's overall air quality index at 9 am stood at 112, which falls in the 'moderate' category.

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.

A total of 12,000 applicants applied to become astronauts at the National Aeronautics and Space Administration (NASA).

On April 27, Venus will shine nine-times brighter than Jupiter, its nearest planetary 'competitor', and will outshine Sirius, the brightest of all stars, by almost 20-times

Emission of the green house at the current levels will cause catastrophe in most parts of the world with some ecosystems expected to collapse by 2030.

Termed "a successful failure", the spacecraft which had three astronauts- James Lovell Jr, Fred Haise Jr, and John Swigert Jr- on board managed to return to the Earth despite facing an explosion like situation after a blast in its oxygen tank.

In its report, the CPCB said, "Significant reduction in PM2.5, PM10 and NO2 levels observed. Overall, 46 per cent reduction in PM2.5 and 50 per cent reduction in PM10 concentration observed during the lockdown period."

The spacecraft entered the return orbit at 12:21 pm after which its return capsule separated with its service capsule at 1:33 pm.

my relative put some cloth &grocery item &exit from mall.salesman &other caught him &cut the plastic strip zip tie on his bag (which malls worker had put on his bag before entrance . zip tie was cut with cutter . & they saw items &call 100 no. police came &took accused in police Thana &manager gave CCTV footage &bag with articles to police & filed FIR & accused got jail & bail my uncle met io (investigation officer) for help he said meet complainant . i can delay to file charge sheet. &then lokdown is started. & now 17 may (the date of lokdown will stop) is coming soon. charge sheet date is 21 may what i can suggest my uncle to be approach to io &complainant as uncle is farmer & illiterate he don't know what to be make in our favor to become accused acquittal. i am helping him. could you please 1.can a final report or closure report or any other report may be done to be acquittal. don't know what is in our favor. 2.can we approach io to remove tag(in which company name &price is written ) from cloth (the bag with articles is in police custody )so it would not proved that cloth belongs to this company &may be they already present in his bag before entering into mall. 3. is it feasible 4.or can we pray complainant to fabricate his statement in our favor when io will record this in 161 crpc may be . 5.what should we try to that leads accused acquittal. i am student .i dont know I pray our counsel he don't want to see us & don't want to hear us . this does not sounds good. pardon me if this thing is not discuss here.

The development is likely to increase pressure on the government to adjourn the Parliament session, which the Opposition has been demanding.

WHAT HAS HAPPENED?While India was already dealing with the increasing number of Covid-19 case and a terrorist attack in Hardwar which martyred 6 military personnel, the nation today woke up to the terrible news of styrene gas leak in the outskirts of

Data tell a story. A purpose of data visualization is to convey that story to the reader in a clear and impactful way. Sometimes you can let the data "speak for themselves" in an unadorned graphic, but sometimes it is helpful to add reference lines to a graph to emphasize [...]

The post Add horizontal and vertical reference lines to SAS graphs: The REFLINE statement appeared first on The DO Loop.

I previously wrote about the advantages of adding horizontal and vertical reference lines to a graph. You can also add a diagonal reference line to a graph. The SGPLOT procedure in SAS supports two primary ways to add a diagonal reference line: The LINEPARM statement enables you to specify a [...]

The post Add diagonal reference lines to SAS graphs: The LINEPARM and VECTOR statements appeared first on The DO Loop.

During this coronavirus pandemic, there are many COVID-related graphs and curves in the news and on social media. The public, politicians, and pundits scrutinize each day's graphs to determine which communities are winning the fight against coronavirus. Interspersed among these many graphs is the oft-repeated mantra, "Flatten the curve!" As [...]

The post What does 'flatten the curve' mean? To which curve does it apply? appeared first on The DO Loop.

The operator of a paper mill in Raigarh in Chhattisgarh, where a gas leak on May 6 evening led to the hospitalisation of seven people, was arrested on Friday for criminal conspiracy and attempt to...

A total of 396 people have recovered from coronavirus infection through early oxygen therapy at Chirayu Hospital in Madhya Pradesh's capital city Bhopal.

Police on Saturday rescued the three-year-old child who was kidnapped from near his house in Uttar Pradesh's Mathura district, an official said.

An MLA of Delhi's ruling Aam Aadmi Party (AAP) named by a doctor who committed suicide last month has been arrested. The AAP MLA Prakash Jarwal had applied for protection from arrest after a police...

A 23-year-old man has been arrested for allegedly raping a girl on multiple occasions, recording the act and using it to blackmail her in Rajasthan's Jhalawar district, police said. The man was...

HOWELL SCHOOL ROAD LANDSCAPING

BR 1-714 ON N347 CHAPMAN ROAD OVER I-95

CAPITAL CITY TRAIL, GATEWAY TO SOUTH STATE STREET

WALNUT STREET STREETSCAPE IMPROVEMENTS

MILLER ROAD STREETSCAPE IMPROVEMENTS

BRADFORD STREET STREETSCAPE ENHANCEMENTS

Novalead’s technology has a track record of successfully discovering repurposed drug candidates with its lead drug candidate currently being in Phase 3 trials in India, for diabetic foot ulcers.

Maya will help customers avail instant loans as well as check their eligibility and credit score

The highly contagious novel coronavirus has resulted in over 70,000 deaths globally so far. The Moblio test kit will enable same day testing and reporting, enabling patient isolation when necessary.