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Somesh Jha

Somesh Jha

Somesh Jha

Page 25 - Somesh Jha

Economic capital framework: Govt for Jalan, RBI wants Mohan as panel head

The brass of the finance ministry and the RBI are in touch to decide the members and terms of reference of the committee

Economic capital framework: Govt for Jalan, RBI wants Mohan as panel head
Updated On : 28 Nov 2018 | 5:13 AM IST

NHB seeks liquidity window from RBI for housing finance companies

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

NHB seeks liquidity window from RBI for housing finance companies
Updated On : 27 Nov 2018 | 3:22 AM IST

Unless banks lend, how will they come out of PCA?: Financial Services Secy

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

Unless banks lend, how will they come out of PCA?: Financial Services Secy
Updated On : 26 Nov 2018 | 8:26 AM IST

PSBs get more power to ask govt for look-out circulars against defaulters

Move seen to empower state-owned banks to keep eye on defaulters

PSBs get more power to ask govt for look-out circulars against defaulters
Updated On : 23 Nov 2018 | 2:07 AM IST

RBI rejected govt proposal to apply Basel-III guidelines to four banks

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

RBI rejected govt proposal to apply Basel-III guidelines to four banks
Updated On : 23 Nov 2018 | 5:30 AM IST

Govt for more central board members in key RBI panel ahead of Dec 14 meet

Sources said the government had moved a proposal titled 'governance in RBI' at least six months back

Govt for more central board members in key RBI panel ahead of Dec 14 meet
Updated On : 23 Nov 2018 | 5:30 AM IST

Privatise state-run banks: RBI tells govt loud and clear in stormy meeting

Acharya put forth the proposal as govt nominees raised capital needs of PSBs

Privatise state-run banks: RBI tells govt loud and clear in stormy meeting
Updated On : 13 Nov 2018 | 3:21 AM IST

HC verdict on stressed power assets aided govt on Section 7 of RBI Act

Now, all eyes are on the hearings in the Supreme Court, slated to begin from Wednesday

HC verdict on stressed power assets aided govt on Section 7 of RBI Act
Updated On : 12 Nov 2018 | 5:30 AM IST

Banking system needs to ensure liquidity in market, says Arun Jaitley

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

Banking system needs to ensure liquidity in market, says Arun Jaitley
Updated On : 12 Nov 2018 | 1:26 AM IST

Govt lines up Rs 90 billion for MSME outreach and support programme

Modi announced a Rs 60-billion package for creating 20 hubs and 100 tool rooms for technology upgrade for MSMEs

Govt lines up Rs 90 billion for MSME outreach and support programme
Updated On : 06 Nov 2018 | 5:30 AM IST

Locking horns: Centre might have agreed to RBI's revised PCA framework

The RBI had proposed revising the revised PCA framework to the Ministry of Finance in September 2016

Locking horns: Centre might have agreed to RBI's revised PCA framework
Updated On : 05 Nov 2018 | 6:33 PM IST

Early Diwali for MSME sector: Modi unveils a dozen measures ahead of polls

Modi said MSMEs can now register their complaints related to delay in payment from large firms on the MSME Ministry's Samadhan portal

Early Diwali for MSME sector: Modi unveils a dozen measures ahead of polls
Updated On : 03 Nov 2018 | 1:31 AM IST

Fraud-hit PNB loss widens to Rs 45.32 billion on bad loans, stock falls

The bank earned Rs 4 billion in the first half of the current financial year

Fraud-hit PNB loss widens to Rs 45.32 billion on bad loans, stock falls
Updated On : 03 Nov 2018 | 12:50 AM IST

MSME outreach drive starts today: Loan approvals for Rs 1-10 mn in 59 mins

Industry leaders said the government's outreach programme is needed to boost trade and industry's confidence

MSME outreach drive starts today: Loan approvals for Rs 1-10 mn in 59 mins
Updated On : 02 Nov 2018 | 5:32 AM IST

Liquidity crisis: Centre, RBI see eye to eye in 'public interest'

Patel calls board meeting on Nov 19; govt lays stress on central bank autonomy

Liquidity crisis: Centre, RBI see eye to eye in 'public interest'
Updated On : 01 Nov 2018 | 10:45 AM IST

Government vs RBI: All you need to know about Section 7 of the RBI Act

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

Government vs RBI: All you need to know about Section 7 of the RBI Act
Updated On : 31 Oct 2018 | 5:11 PM IST

RBI Governor Urjit Patel may not resign, calls board meeting on Nov 19

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

RBI Governor Urjit Patel may not resign, calls board meeting on Nov 19
Updated On : 31 Oct 2018 | 5:09 PM IST

Govt upset with RBI for being kept in the dark about PCA, NPA norms

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

Govt upset with RBI for being kept in the dark about PCA, NPA norms
Updated On : 30 Oct 2018 | 6:48 AM IST

RBI rejects liquidity window for NBFCs; govt demurs citing cash crunch

The government has pitched to the RBI for alignment of PCA provisions

RBI rejects liquidity window for NBFCs; govt demurs citing cash crunch
Updated On : 25 Oct 2018 | 5:35 AM IST

EPFO data yet to stabilise, remains 'provisional' in nature

More than a year on, doubts over reliability for mapping jobs

EPFO data yet to stabilise, remains 'provisional' in nature
Updated On : 23 Oct 2018 | 2:35 AM IST