Feb 12 circular gives space for NPA resolution, RBI tells Finance ministry

Feb 12 circular gives space for NPA resolution, RBI tells Finance ministry The RBI made its stand clear at a stakeholders’ meeting, called by the ministry to discuss the circular, the implementation of which was stayed for the power sector by Allahabad High Court. The Reserve Bank on Thursday indicated to the finance ministry that […]

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With fall of the last dove, MPC minutes portend more than one RBI rate hike

With fall of the last dove, MPC minutes portend more than one RBI rate hike MPC minutes released today showed that the most dovish member Ravindra Dholakia now shares the view of his antithesis Michael Patra on inflation Data puts differences to rest. That in a nutshell explains how the six members of the Reserve […]

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Reserve Bank of India to tighten norms for working capital limits

Reserve Bank of India to tighten norms for working capital limits Public sector bank executives said the move was expected to provide predictability over cash flow for lenders In a move to instil discipline among large borrowers with working capital facility, the Reserve Bank of India has mooted a proposal that at least 40 per […]

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RBI amends Gold Monetisation Scheme to make it more attractive

RBI amends Gold Monetisation Scheme to make it more attractive 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 is aimed at enabling people to open a hassle-free gold deposit account. The short-term deposits should be treated as bank’s […]

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RBI relaxes NPA classification norms for MSMEs under GST

RBI relaxes NPA classification norms for MSMEs under GST For non-GST registered MSMEs, NPA norms would revert to 90 days from January 1, 2019 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 under the Goods and Services Tax. […]

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RBI monetary policy review: States may need to get their loans rated

RBI monetary policy review: States may need to get their loans rated If the state development loans (SDL) are rated, the margin requirement would be set at 1 per cent lower than other SDLs for the same maturity buckets In its June monetary policy, the Reserve Bank of India (RBI) reduced the margin requirement for […]

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