)
The brass of the finance ministry and the RBI are in touch to decide the members and terms of reference of the committee
NHB has proposed the RBI to hike this lending limit for the company from 10 times to 12.5-13 times of the net-owned funds, which stood at Rs 800 billion, an official said
The NPAs peaked at 11.6%(by the end of March 2018) and have reduced by Rs 360 bn in the first two quarters of this financial year
Move seen to empower state-owned banks to keep eye on defaulters
RBI has not acceded to the government's demand of altering the risk weights assigned to the Micro, Small and Medium Enterprises (MSMEs) at the time of availing loans
Sources said the government had moved a proposal titled 'governance in RBI' at least six months back
Acharya put forth the proposal as govt nominees raised capital needs of PSBs
Now, all eyes are on the hearings in the Supreme Court, slated to begin from Wednesday
Jaitley's comments come at a time when both the RBI and the government are witnessing a tense relationship that has spilled out in the public
Modi announced a Rs 60-billion package for creating 20 hubs and 100 tool rooms for technology upgrade for MSMEs
The RBI had proposed revising the revised PCA framework to the Ministry of Finance in September 2016
Modi said MSMEs can now register their complaints related to delay in payment from large firms on the MSME Ministry's Samadhan portal
The bank earned Rs 4 billion in the first half of the current financial year
Industry leaders said the government's outreach programme is needed to boost trade and industry's confidence
Patel calls board meeting on Nov 19; govt lays stress on central bank autonomy
The government has written to the RBI hinting it may invoke Section 7 of the Reserve Bank of India Act 1934 - a provision that has never been used since the inception of the law
The autonomy of the central bank, within the framework of the RBI Act, is an essential and accepted governance requirement, the Finance Mininstry said in a statement on Wednesday
Officials say there was no discussion in any board meeting, govt does not know the rationale behind revising the framework and how RBI arrived at it
The government has pitched to the RBI for alignment of PCA provisions
More than a year on, doubts over reliability for mapping jobs