The last time the yield witnessed a larger upswing was on February 1, when it rose 18 bps on the day of the presentation the Budget.
The outstanding loans from banks to industry and individuals stood at Rs 82.11 lakh crore as on February 2, data from the Reserve Bank of India (RBI) showed.
The RBI’s plan to scrap existing recast plans and introduce a new system has come at a time when banks are already reeling under bad loans, losses and the rise in bond yields.
On Monday, the RBI abolished half a dozen existing loan-restructuring mechanisms, and instead provided for a strict 180-day timeline for banks to agree on a resolution plan in case of a default.
The study indicates that a short-term liquidity shock impacted firms in the export sector, with the firms with high working capital/sales ratio hit the most due to the liquidity constraints.
The committee said that there is a need to develop a deeper understanding of various fintech products and their interaction with the financial sector before regulating the space.
Working for 33 years, Verma, now 55, had risen from lower division clerk to deputy control officer, senior enough to be spared the frisking others are subjected when they go home after work.
According to World Gold Council, bitcoin and cryptocurrencies more generally are not a substitute for gold.
As per the reports, the Central Industrial Security Force (CISF) caught a senior officer at BNP facility allegedly stealing newly printed currency notes.
Blaming the poor risk-pricing skills of banks, he said in many instances risk was underpriced so as to demonstrate that a project would be sustainable, and hence would be good to finance.
Eleven of India’s 21 state banks, including most small- and mid-sized banks, are facing RBI’s prompt corrective action.
RBI had ordered over 13 million coins in FY17, estimated 16 million pieces were ordered in FY18, officials said.
According to RBI data, agriculture NPAs rose over 23 per cent from Rs 48,800 crore in 2016 to Rs 60,200 crore in 2017.
The number of foreign bank branches in India fell to 288 in 2016-17 from 317 in 2015-16, according to RBI data.
While in 2016-17, the bank’s net NPA ratio stood at 8.92 per cent and the annualised RoA at -0.13 per cent, in 2015-16 the net NPA was 6.76 per cent and RoA was -0.33 per cent.