DELHI: Ola, Uber DRIVERS RAISE VARIOUS DEMANDS, THREATEN TO GO ON STRIKE FROM SEPTEMBER 1

Highlights

• According to Kamaljeet Singh Gill, president of Sarvodaya Drivers Association of Delhi, nearly 2 lakh drivers will participate in the strike

• The Central Government’s moratorium on EMI payment will end on August 31

• Delhi Metro tra...

HDFC BANK NET PROFIT UP BY 19.6% IN Q1, PROVISIONS INCREASE BY 49%

Highlights

• HDFC Bank’s net interest income went up by 17.8% y-o-y  to Rs 15,665.4 crore

• HDFC reported a net profit of Rs 6,659 crore for the first quarter of FY21

• As per the results, bank’s net interest margin remained unchanged ...

ANOTHER EXTENSION OF LOAN MORATORIUM ON THE CARDS?: CENTRE TO TAKE DECISION SOON

Highlights

• The loan moratorium was previously extended by the RBI on May 22 till the end of August

• The S&P expects gross NPAs of Indian banks to grow from 8.5 percent in FY20 to 14 percent in FY21

• RBI governor Shaktikanta Das also warned bank...

SC TO CENTRE: ‘IF YOU ANNOUNCED LOAN MORATORIUM, YOU MUST ENSURE THE BENEFITS'

Highlights

• The Supreme Court clearly said that majority of borrowers have not availed the moratorium as they are aware of the fact that it won’t benefit them

• The Supreme Court directed the Centre and the RBI to review this issue as it won’t be left be...

SC TO RBI, CENTRE: DECIDE ON WAIVER OF INTEREST IN 3 DAYS

Highlights

• The Supreme Court directed the Centre to come up with a response on the waiver of interest

• The three-member bench led by Justice Sanjay Kishan Kaul said the only concern for the court is whether the banks are planning to charge interest on interest or ...

SC TO RBI: ‘ECONOMICS IS NOT HIGHER THAN PEOPLE’S HEALTH'

Highlights

• Reserve Bank of India has extended the loan moratorium till August 31

• In its affidavit, the RBI said the interest waiver will bring in losses worth Rs 2 lakh crores for the banks

• The next date of hearing in this issue is June 12

RESERVE BANK OF INDIA EXTENDS LOAN MORATORIUM TILL AUGUST 31

Highlights

• The repo rate has been slashed by 40 basis points (bps) to 4 percent

• The decision to reduce repo rate and reverse repo rate was taken after five members of the Monetary Policy Committee (MPC) voted in its favour said Governor Shaktikanta Das

...