The Reserve Bank of India (RBI) has made changes in the Gold Monetisation Scheme (GMS) to make it more attractive. The revamping of the scheme
Day: June 8, 2018
PSBs recapitalisation plan insufficient to support credit growth, says global ratings agency Moody’s – The Financial Express–08.06.2018
Global ratings agency Moody’s today said the government’s recapitalisation plan for 21 state-run banks will help them in meeting regulatory capital needs, but will be
Monetary tightening – more to come – The Financial Express–08.06.2018
Pre-empting this week’s interest rate hike, RBI governor, Urjit Patel, published a very interesting article in the Financial Times over the weekend which provides some insight into
India may cut expenditure to stick to 3.3% fiscal deficit: Moody’s – Business Line–08.06.2018
Moody’s Investors Service today said it expects India to stick to the estimated fiscal deficit of 3.3 per cent of GDP and even cut capital
HR issues in banks – Business Line–08.06.2018
Poor internal management and the NPA mess Public sector banks are battling with non-performing assets (NPAs) and frauds. There’s much discussion going in public forums
Finance Ministry pulls up officers of I-T department for poor GST mop-up | Business Standard News–08.06.2018
The finance ministry has pulled up officers of the indirect tax department for their supposedly inadequate performance in collecting the goods and services tax (GST), which is shortly going
RBI relaxes NPA classification norms for MSMEs under GST | Business Standard News–08.06.2018
In a major relief to MSMEs, the Reserve Bank on Wednesday eased NPA classification norms for such units facing input credit linkages and associated issues
IBC delisting norms: Small shareholders ask Sebi for review | Business Standard News–08.06.2018
Minority shareholders are miffed at the lenient delisting process for companies facing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). According to sources, several investor protection
RBI says rate hike wasn’t meant to boost rupee; analysts say it will | Business Standard News–08.06.2018
Reserve Bank of India Governor Urjit Patel signaled that Wednesday’s interest-rate hike was not aimed at defending the rupee. Analysts say that the move will still provide the much-needed
All options open: Repo rate increase signals RBI’s intent | Business Standard Editorials–08.06.2018
Taken in isolation, the unanimous decision of the Monetary Policy Committee (MPC) to increase the benchmark repo rate by 25 basis points 1 the first
Narendra Modi: RBI rate hike upsets PM Modi’s election year budget math – Times of India–08.06.2018
The Reserve Bank of India’s (RBI) first interest rate rise since Prime Minister Narendra Modi came to power could not have come at a worse time for
SBI Chairman Rajnish Kumar interview: ‘Days of over leveraging, thin equity are behind us; NPAs will also start to come down soon’ | The Indian Express–08.06.2018
With banks empowered after the Insolvency and Bankruptcy Code (IBC), there’s consciousness about “the need to pay on time” and the “days of over leveraging”
Videocon case: NCLT hears State Bank of India petition | The Indian Express–08.06.2018
On June 6, another bench of NCLT admitted a plea from SBI to initiate a resolution process against Videocon Industries Ltd, the flagship firm of
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