The RBI proposal has come at time when many of the top business groups are reeling under heavy debt burden.
The RBI said the restructured portion of the short term as well as long-term loans should be treated as current dues and need not be classified as NPA.
Why have banks not taken RBI cue, lowered lending rates? A way out lies in reviewing concept of base rates.
DoCoMo in July last year had announced plans to exit Tata Teleservices.
Conversion of debt into equity promises relief to a stressed system. Banks must use flexibility with care.
The Centre’s fiscal deficit is estimated at 3.9 per cent of the GDP in 2015-16, as against the targetted 4.1 per cent in 2014-15.
The government released close to Rs 24,000 crore under the scheme in the last five years.
Desai said rate cuts of the RBI should be a continuous process.
“Emerging markets need to prepare in advance to deal with this uncertainty,” she said.
Former RBI Governor Dr Reddy talks on the implications of the 14th Finance Commission’s recommendations.
Was speaking at a panel discussion on “Make in India-Make in Gujarat: Transforming Business, Enhancing Growth”.
Bank had red-flagged move to take away its repo, reverse repo powers.
Finance, Jayant Sinha talks about the challenging task of rolling out goods and services tax by April 1, 2016.
If banks cut deposit rate by 100 basis points over five years, the return on Rs 10 lakh FD would go down from Rs Rs 15.03 lakh to Rs 14.35 lakh, a decline of Rs 68,000 in return.
New approach on capital infusion is welcome. Now, government must lay out a roadmap for public banks.