The Reserve Bank of India (RBI) estimates that Indian banks will have the capacity to lend an extra 2.5 trillion rupees to 3.0 trillion rupees ($35 billion to $42 billion) over the next year after it decided to relax a deadline for lenders to boost capital ratios, two sources aware of discussions on the matter said on Tuesday. Under pressure from Prime Minister Narendra Modi's government to spur lending ahead of elections, the RBI agreed at its board meeting on Monday to extend a deadline for lenders to further lift capital conservation buffers by a year to March 31. The ...
Bihar Cabinet okays 2nd supplementary budget; to be tabled in next session
AMRUT scheme: Govt approves Rs 740 bn for over 2,400 sanitation projects
RBI move to boost bank's lending capacity up to Rs 3 trn, say sources
The RBI agreed to extend a deadline for lenders to further lift capital conservation buffers, by a year to March 31, 2020, at its board meeting on Monday
Topics
Reserve Bank Of India | Indian Rupee | Currency
Reuters |
First Published: Tue, November 20 2018. 15:12 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).