NBFCs need a lender of last resort; SIDBI and NABARD can do the job

NBFC offer loans to MSMEs and individuals for 24-48 months. They need funds for a similar period in order to maintain a healthy asset-liability match. Read more »
IMF chief on global recovery

Interest rates: The case for a free hand to RBI, banks

Any agency other than the Reserve Bank of India and lenders interfering will adversely affect the systems already in place in the country’s financial sector. Read more »
Indian-economy-migrants

Government, RBI must assess, address Covid-19 challenges on the go

Commercial banks need to respond to the monetary policy changes quickly by making necessary changes at their end. Read more »
India's finance ministry to encourage bankers to take bold lending decisions.

Modi govt takes steps to reassure bankers to take bold lending decisions

PSU banks have been asked to set up panel of senior officers to oversee the progress of disciplinary and internal vigilance cases to avoid harassment. Read more »
India facing economic slowdown

Moody’s cuts India rating; no reason to worry, says Modi government

If the GDP growth fails to pick up, the Modi government will find it difficult to narrow its budget deficit. Read more »