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NBFCs could face solvency stress despite surplus system liquidity

Saturday, December 14, 2019, 9:41 PM

Moody's said that Indian non-bank-lenders could face solvency stress in 2020 despite surplus system liquidity, with high-street banks advancing less money to a financing industry segment battling fund constraints for a while. Ever since the default by IL&FS became public in September-2018, NBFCs as a sector has been facing a severe liquidity crisis. Central-bank data showed that bank funding to NBFCs has slowed down.
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Oil prices dip as worries over economic slowdown return

Friday, January 11, 2019, 11:06 AM

Oil prices slipped on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-US trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets. Oil prices were also supported by comments from US Federal Reserve Chairman Jerome Powell on Thursday that the central bank had the ability to be patient on monetary policy.
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RBI can transfer Rs 1 trillion of excess reserves to government: Report

Tuesday, November 27, 2018, 8:50 AM

The Reserve Bank has "more than adequate" reserves and that it can transfer over Rs.1 trillion to the government after a-specially-constituted panel identifies the "excess capital", says a report. "We expect the proposed committee on the RBI's ECF to identify Rs.1-3 trillion which is 0.5-1.6 per cent of GDP as excess capital," analysts at Bank of America Merrill Lynch said in a note Monday.

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