Search For "liquid"
RBI cuts repo rate by 40 bps to 4 pc to increase credit flow
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 22 (ANI): The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.
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NBFI support measures hinge on execution: Fitch Ratings
Updated : 5 years, 9 months ago IST
Singapore, May 21 (ANI): Indian non-bank financial institutions' (NBFI) funding and liquidity will continue to face pressure despite a pick-up in loan collections, according to Fitch Ratings.
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Cabinet approves Special Liquidity Scheme for NBFCs/HFCs to address their
Updated : 5 years, 10 months ago IST
New Delhi [India], May 20 (ANI): The Union Cabinet, which met here on Wednesday under the chairmanship of Prime Minister Narendra Modi, gave approval to the Finance Ministry to launch a new Special Liquidity Scheme for non-banking financial companies (NBFCs) and housing finance companies
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Bajaj Finance Q4 profit down 19 pc to Rs 948 crore on higher provisions
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 19 (ANI): Bajaj Finance on Tuesday posted a consolidated profit after tax for Q4 FY20 at Rs 948 crore, down 19 per cent from Rs 1,176 crore in the corresponding period of previous fiscal.
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NBFIs face rising liquidity stress with risks looming for broader financia
Updated : 5 years, 10 months ago IST
Singapore, May 19 (ANI): Disruptions from the coronavirus outbreak will worsen economic slowdown in India that has been underway in the past year, accelerating the deterioration in asset quality at non-bank financial institutions (NBFIs), Moody's Investors Service said on Tuesday.
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Tata Consumer Products to acquire PepsiCo stake in NourishCo Beverages
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 18 (ANI): Tata Consumer Products said on Monday that it will acquire PepsiCo's stake in NourishCo Beverages, a 50:50 joint venture between the two companies.
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Canara Bank launches gold loan business vertical to ease liquidity
Updated : 5 years, 10 months ago IST
New Delhi [India], May 18 (ANI): Public sector Canara Bank said on Monday it has launched a business vertical dedicated for gold loans to meet emerging financial needs of customers in view of the current challenges and uncertainties.
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Focus on economic stimulus to convert COVID-19 crisis into opportunity, pr
Updated : 5 years, 10 months ago IST
New Delhi [India], May 17 (ANI): Union Minister Dharmendra Pradhan on Sunday thanked the central government for the proactive measures in combating the challenges of COVID-19, stating that focus on land, labour, liquidity and law, and the economic stimulus will help convert the crisis into a
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Tata Power to consider issuing NCDs, bonds for improving liquidity
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 17 (ANI): Tata Power's board of directors will meet on May 19 to consider issuing non-convertible debentures, bonds or other debt securities on a private placement basis to improve its liquidity position.
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Religare lauds government's stimulus package for NBFCs, calls it big liqui
Updated : 5 years, 10 months ago IST
New Delhi [India], May 14 (ANI/NewsVoir): Religare Enterprises today hailed Government's stimulus package for the NBFCs.
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Rs 90,000 cr relief for DISCOMs will improve viability of sector: Union Po
Updated : 5 years, 10 months ago IST
New Delhi [India], May 14 (ANI): Union Power Minister RK Singh on Wednesday said that the government's announcement of Rs. 90,000 crore liquidity injection for DISCOMs will improve the viability of the power sector.
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Rs 3 lakh crore strong booster, directly going to impact nearly 45 lakh MS
Updated : 5 years, 10 months ago IST
New Delhi [India], May 14 (ANI): Union Minister Ravi Shankar Prasad on Wednesday said that the government's announcement of Rs 3 lakh crore will act as a strong booster for the micro, small and medium sector industries and it will directly impact nearly 45 lakh MSMEs.
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