RBI to flag bad loan issues with Finance Ministry in pre-Budget meet
The Reserve Bank of India (RBI) and the finance ministry will discuss the additional provisioning banks may be expected to make on account of the central bank’s June 7 circular, and the stress in telco loans following the Supreme Court (SC) order on adjusted gross revenue, which entails a payout of Rs 1.33 trillion to the Centre, inclusive of interest and penalties. Read more.
Centre may cap trade margins for drugs in stages; companies oppose plans
The Centre is considering rationalising trade margins for drugs first at 45