Wednesday, June 3, 2020

Interest waiver on loans in moratorium | RBI tells SC that banks stand to lose Rs 2 lakh crore if interest is waived: Report

Interest waiver on loans in moratorium | RBI tells SC that banks stand to lose Rs 2 lakh crore if interest is waived: Report It said that the mandate of the RBI as far as regulation of banks is concerned draws upon the considerations of protection of depositors#39; interest and maintenance of financial stability, which also require that the banks remain financially sound and profitable.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/interest-waiverloansmoratorium-|-rbi-tells-sc-that-banks-stand-to-lose-rs-2-lakh-crore-if-interest-is-waived-report_13858181.html

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D-St surges 1% on reports govt to cut tax on foreign bond bets

Indian stock markets surged on Thursday. The Nifty and Sensex saw significant gains. This rise was driven by reports of a potential tax cut ...