Road to Credit Guarantee CorporationThe government formed a working group comprising custodians of the nationalised banks. In its report, the group said while the objective of giving loans to neglected areas was noteworthy, it will also lead to risks for the banking system. The best way would be to pool these risks and cover them under a common guarantee scheme. To avoid moral hazard, guarantees would be capped at 75 percent of the losses so that banks do proper loan appraisal. The guarantee fee was pegged at 0.25 percent of the loans, open to review. Interestingly, the government credit guarantee scheme had a fee of 0.1 percent for SSIs. … [Read more...] about Credit guarantees of 1970s make a comeback
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The three students, who study in different Delhi University colleges, have sought directions to the university to either withdraw its May 14 notification or to conduct the exams in examination halls by following social distancing norms to check the spread of the novel coronavirus. … [Read more...] about Plea opposes DU’s open book online exam for final-year UG, PG students; HC seeks university stand
Your insurance may allow you to talk to a licensed professional who does online therapy. Most major insurers have a list of them on their website. If you’re uninsured, most communities have free or low-cost mental health clinics. Many universities have them too. Also, online directories can point you to places that offer services on a sliding scale, depending on your income, from pro bono to $60 a session. … [Read more...] about I’m a psychologist. Online therapy can be just as effective as in-person sessions
3-Point Analysis | These companies may gain as global supply chain gets reconfigured Big Story | Decoding the importance of CSR for corporates Ideas For Profit | Is elevated rural exposure Dabur's Achilles heel? … [Read more...] about Ideas For Profit | Will HDFC’s resilient performance hold out amidst COVID-19 uncertainty?
It depends on how long we are in lockdown and how much time the economy takes to recover from the shock. We are expecting the economy to contract by 3-4 percent in FY21. While first half of FY21 is likely to be very bad, we could see recovery in the second half. In this scenario, we don't anticipate severe pressure on banks after six months. However, if recovery takes longer and individuals and businesses still find it difficult to repay loans after the 6-month moratorium ends, we could witness rising NPAs and stress in the banking sector. … [Read more...] about ‘Need more stimulus with focus on GST cut, wage support, higher MNREGA spend’