Budget has attempted to stimulate economic growth through enhanced spending on multiplier sectors Business Standard, 2 months ago
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The limit of indebtedness comes down to Rs 15,000 crore from 2018-19, and then Rs 10,000 crore from April 2019 onwards Effective April 1, banks have to set aside higher provisions for loans given to highly indebted companies, the system-wide limit for which is set at Rs 25,000 crore (Rs 250 billion) for the financial year 2017-18. Banks are not comfortable with this move, and some of them have asked the Reserve Bank of India (RBI) to go easy on the provisioning part. The limit of indebtedness ...Rediff.com, 2 weeks ago
The Monetary Policy Committee, headed by RBI Governor Urjit Patel, began its 2-day meeting today amid experts saying that the central bank is likely to hold the rate tomorrow while unveiling the first bi-monthly review of 2017-18 in view of hardening ...Deccan Herald, 2 weeks ago Will RBI cut rates or hold them on February 8? DNA, 2 months ago RBI may cut rate by 0.25% in policy review: ICRA Business Standard, 2 months ago
Rather, the existing ones should be implemented speedily to clean up the mess. The proposal, announced on Tuesday, to float two asset management companies to tackle bad debt in banks, is not seen as a new idea. Instead, bankers and analysts say the system can’t afford yet another plan for this. Rather, the existing ones should be implemented speedily. If the new ideas, discussed by Reserve Bank of India deputy governor Viral Acharya, could be implemented with minor modifications and ...Rediff.com, 2 months ago
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