Aims to prevent misuse of facility Concerned over funds sent abroad under the ‘maintenance of close relative’ category of the Liberalised Remittance Scheme (LRS), the
Category: RBI–Banks
Why Urjit Patel is anxious about Fed tightening – Business Line–18.06.2018
Signs of stress are visible in the external debt data of the India’s private sector A day before the June monetary policy meeting, RBI Governor
P2P lending: Can India replicate the UK experience to achieve Sabka Saath, Sabka Vikas? – The Economic Times–17.06.2018
By Rajat Gandhi India is still struggling with a huge credit gap that is holding back the economy. Getting a bank loan is an extremely
Norms for FPIs to invest in debt eased, may boost rupee, corporate bonds | Business Standard News–17.06.2018
The Reserve Bank has eased investment norms for foreign portfolio investors (FPIs) in debt, especially into individual large corporates, a move that can help attract more overseas
[ NPAs ] Shine the light | The Indian Express–17.06.2018
It is one thing for a bank loan to be declared a non-performing asset (NPA) — that is, when the borrower has ceased to pay
Welcome Reform in India’s Bond Market–Economic Times–16.06.2018
There are welcome steps underway to have a liquid secondary market for corporate bonds, an institutional shield against future non-performing assets arising from banks funding
Bond losses: RBI allows banks to spread provisions | The Indian Express–16.06.2018
The Reserve Bank of India (RBI) on Friday allowed banks to spread their provisions against bond losses in the June quarter over up to four
Govt moves to get global funds to invest in an ARC for banks – Business Line–16.06.2018
The Centre may rope in multilateral financial institutions, global private equity firms, global pension funds and sovereign wealth funds to invest in the asset reconstruction
Governor is right: RBI should not have nominees on PSB boards | Business Standard Editorials–16.06.2018
There was much to answer for when Reserve Bank of India Governor Urjit Patel met the Parliamentary Standing Committee on Finance earlier this week. The committee, which has among its members
Bankruptcy | NPA: PSU bankers’ union challenges RBI’s February 12 bankruptcy circular–15.06.2018
AIBOC wants the high court to quash the circular. The biggest union of state-run banks has filed a writ petition in the Delhi High Court challenging the
It’s not just the CAD, even the BoP looks shaky – The Financial Express–15.06.2018
The oil bill, this year, will certainly be bigger than last year’s 9 billion. Weak exports, combined with a bigger oil bill, pushed India’s current
Fed hike is good for the US markets; FII outflow from India can accelerate | Business Standard News–15.06.2018
On the positive side, the Federal Reserve seems to think that the US economy is headed for better times. It feels that the growth is very robust
Use existing powers, RBI, to seek more–Economic Times–14.06.2018
The RBI governor Urjit Patel has soght more legislative powers to effectively regulate state-owned banks. His plea to the Parliamentary Standing Committee on Finance to
Tally add-on enables small biz to get loans – The Economic Times–14.06.2018
US-based online lending platform Biz2Credit is forecasting a sharp jump in lending to small and micro enterprises following the implementation of the goods and services tax (GST)
Get a loan within 24 hrs! Amazon India launches lending network for sellers | Business Standard News–14.06.2018
In another India-first initiative, Amazon has launched a lending network connecting lenders and its sellers, who will be able to avail loans at competitive rates in as
Bad bank = Bad idea: There’s dubious merit in a rehab clinic for toxic debt | Business Standard News–13.06.2018
Bad ideas keep returning to the corridors of power in New Delhi with the unfailing regularity of migratory birds. This year is no exception. According
India’s NPAs and the global scenario – Business Line–13.06.2018
Though globally India’s position is unsatisfactory, time-bound resolution of NPAs under IBC should ease banks’ burden The non-performing asset (NPA) issue facing banks has dominated
Going on a hike | The Indian Express–13.06.2018
In its most recent meeting, the Monetary Policy Committee (MPC) of the RBI raised the policy interest rate for the first time since it was
Low recoveries of NPAs: RBI data – The Hindu–13.06.2018
Low recoveries of NPAs: RBI data Sobhana K. Nair Figures provided by RBI Governor Urjit Patel before parliamentary Standing Committee on Finance show write-offs mainly
No easy solutions: on tackling NPAs – The Hindu–13.06.2018
A ‘bad bank’ is not a magic bullet; tackling NPAs requires other structural reforms as well Union Minister Piyush Goyal, currently in charge of the
aniltikotekar4sme.com 