With banks increasingly participating in the bond markets, the share of bonds in total credit is rising.
Earlier in February, the market regulator had floated a consultation paper to review the norms governing stock exchanges, clearing corporations and depositories in view of changing market dynamics
Replying to an RTI query, the central bank also did not give a copy of the guidelines on printing of advertisement –including promotion of central government-run initiatives –on the notes.
A draft of the report was prepared and circulated in previous tenure of the panel, but now the committee has been reconstituted so it will again be circulated, a member of the panel said on condition of anonymity.
RBI had directed that the banks would need to set aside up to 50 per cent cover in the form of provisions for the cases referred for insolvency proceedings at the National Company Law Tribunal
According to provisional data released by the Reserve Bank of India (RBI), outstanding loans to companies and individuals rose to Rs 79.62 lakh crore from Rs 77.28 lakh crore a fortnight ago.
On the other hand, the NPA ratio of banks increased to 10.21 per cent in June 2017 from 8.42 per cent in June 2016.
Amount outstanding in PPIs should not exceed Rs 1 lakh; PPIs to be KYC compliant.
The country’s GDP growth rate was pegged at 5.7 per cent for the quarter ended June 30.
The firm reported a net loss of Rs 3,501 crore in 2016-17 on revenues of Rs 15,027 crore.
The actual base rate worked out by one major private sector bank in March 2017 was almost 80 bps higher than suggested by the base rate formula.
Employment prospects have been the biggest cause of worry for respondents, with sentiment plunging further into the pessimistic zone; the outlook on employment has also weakened in the last two rounds.
According to Clarivate, Raghuram Rajan is considered a candidate for his “contributions illuminating the dimensions of decisions in corporate finance”.
According to the government, the data pertains to transaction details of 5,800 companies that had been struck off the Register of Companies (RoC) earlier this year.
Industry chamber Assocham said, “RBI should have taken a bold move and cut the policy interest to boost the growth as the inflation level is still well within control.”