Aftermath Suffered by RBI Due to Moratorium

Authors

  • Manisha Dey Amity University Kolkata, India and Research Scholar of C.V Raman Odisha, India
  • Wang Juan Lincoln University College, Malaysia

DOI:

https://doi.org/10.46977/apjmt.2021v01i03.001

Keywords:

RBI, Moratorium, Economy, COVID 19

Abstract

Financial system is the backbone of the Indian economy. RBI holds the controlling power of the Indian financial system and takes measure to bring the stability by controlling the supply. Due to COVID 19 pandemic, Indian economy are going through very tough period and during this period main supportive hand raise by RBI by safeguarding the interest of the borrowers. The tool implemented by RBI was moratorium to support the borrowers by stake outing with know or unknown consequences. The paper focus on the current status of the Indian banks and the highlighted the negative and positive impact of moratorium on RBI. The paper highlights the measure taken by RBI to combat the stiff situation and also emphasis the role of RBI in reducing the risk of commercial banks.

Downloads

Download data is not yet available.

References

Adhikari, A. (2020). No, Thank You': Less than10% bank borrowers avail 3-month EMImoratorium. Business today.

Al-Abed, A. A. A. A., Mehmet, N., Gökler, M. E., Elengoe, A., Ünal, E., & Mollahaliloğlu, S. (2020). Knowledge, attitudes and practices regarding COVID-19 among the Turkish and Malaysian general populations during lockdown: A cross-sectional online survey. The Ethiopian Journal of Health Development, 34(4).

Dayal, (2020). RBI releases the Financial Stability Report, July 2020. https://www.rbi.org.in/Scripts/BS_PressReleas eDisplay.aspx?prid=50122.

Fitch Ratings (20 Apr 2020). Fitch Takes Action on 5 EMEA Trade Finance Banks on Coronavirus Disruption. https://www.fitchratings.com/research/banks/fitch-takes-action-on-5-emea-trade-finance-banks-on-coronavirus-disruption-20-04-2020

Gopakumar, G. (2020, 03 Nov). MSME scheme aids banks’ asset quality. Mint. https://www.livemint.com/industry/banking/ms me-scheme-aids-banks-asset-quality-11604368435291.html

Nor, N.A.U.M., Solehan, H.M., Mohamed,N.A., Hasan, Z.I.A., Umar, N.S., Sanip,S. & Rani ,M.D.M.,(2020). Knowledge, attitude and practice (KAP) towards COVID-19 prevention among Malaysian adults during the period of Movement Control Order (MCO): An online cross-sectional survey. International Journal of Research in Pharmaceutical Sciences, 11(SPL1), 1458-1468. https://doi.org/10.26452/ijrps.v11iSPL1.3693

Panda, S. (2021). Asset quality of NBFCs may deteriorate further: Financial stability report. Business Standard.

RBI. (2019-2020). Report of trend and progress of banking in India. https://rbidocs.rbi.org.in/rdocs/Publications/PDFs /0RTP2020_F3D078985540A4179B62B7734C7B445C9.PDF.

RBI. (2021). Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines. https://www.rbi.org.in/Scripts/NotificationUser. aspx?Id=11278&Mode=0.

RBI. (n.d.). Guidance note on management of operationalrisk. https://m.rbi.org.in/upload/notification/pdfs/66813.pdf.

Rajan, R. (2020, July 8). 'Full economic recovery to take very long time,' says Raghuram Rajan on COVID-19 impact. Business Today. https://www.businesstoday.in

Sinha, S. (2020). Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR). https://www.rbi.org.in/Scripts/NotificationUser. aspx?Id=11836&Mode=0, RBI/2019-20/187.

Sinha, S. (2020). COVID-19 – Regulatory Package. https://www.rbi.org.in/Scripts/NotificationUser. aspx?Id=11902&Mode=0, RBI/2019-20/244.

The World Bank. (October 23, 2020) World Bank Group’s Operational Response to COVID-19 (coronavirus) – Projects List.https://www.worldbank.org/en/about/what-we-do/brief/world-bank-group-operational-response-covid-19-coronavirus-projects-list

The Economic Times. (Apr 16, 2020) Covid-19: Govt to transfer financial assistance only through DBT mechanism. https://economictimes.indiatimes.com/news/politics-and-nation/covid-19-govt-to-transfer-financial-assistance-only-through-dbt-mechanism/articleshow/75185835.cms

Verma, S. (31 May 2020). Explained: What RBI’s extension of loan moratorium means. The Indian Express.

Published

2021-01-02

How to Cite

Manisha Dey, & Wang Juan. (2021). Aftermath Suffered by RBI Due to Moratorium. Asia-Pacific Journal of Management and Technology (AJMT), 1(3), 1-6. https://doi.org/10.46977/apjmt.2021v01i03.001