The ECB stimulus effort comes as the Fed has shifted its 2% interest rate target to an average, meaning that it could maintain stimulus for a longer period by letting inflation run higher than the target. Both central banks have struggled to raise inflation to their goals. The ECB saw the inflation rate fall below zero in August with an annual figure of 0.2%, far from the bank’s goal of below but close to 2%. … [Read more...] about European Central Bank’s stimulus train to keep on rolling
Romania central bank
Also, the current rally in gold prices globally could be an advantage for households to get the maximum amount through a gold mortgage. Gold prices shot up 40 percent this year so far due to ample liquidity pouring in by central banks, geopolitical tensions, US-China trade tensions and fear of the second wave of COVID infections. … [Read more...] about Increase in LTV ratio negative for gold loan financing firms, but good for banks: Experts
The Yes Bank’s stock price started to decline since its loan book divergences for FY19 came to light. From then onwards, the stock price has seen a major downtrend and volatility.On March 6, 2020, the bank’s market cap went down as much as Rs 4,131 crore and this time it was not even in the top 20 banks of India. … [Read more...] about Yes Bank’s journey from India’s 7th largest bank stock to management crisis
To ensure filing of return by these persons and to keep track on cash withdrawals by non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020, further amended I-T Act, 1961, to lower the threshold of cash withdrawal to Rs 20 lakh for the applicability of TDS for non-filers. It also mandated TDS at a higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by non-filers. … [Read more...] about I-T dept enables banks to check ITR filing status of PAN holders
> The committee did not specify a current ratio for automobile manufacturing, due to the “just in time inventory” business model for raw materials and parts, and finished goods inventory is funded by channel financing available from the dealers. … [Read more...] about KV Kamath committee report on loan restructuring for sectors: What does it mean?