Page 316 - Reserve Bank Of India

IMF cautions India against fiscal stimulus, says govt should go for reforms

The Budget projected the Centre's fiscal deficit to come down to 3.3 per cent of the country's gross domestic product (GDP) in 2019-20 against 3.4 per cent a year ago

Banks' non-food credit growth slows 7.2% to Rs 86.73 trn in Nov: RBI

Non-food credit growth of banks slowed to 7.2 per cent to Rs 86.73 lakh crore in November, according to the latest data from the Reserve Bank of India. The credit had grown 13.8 per cent to Rs 80.93 lakh crore in the corresponding month of the previous year. Credit growth to industry fell to 2.4 per cent to Rs 27.72 lakh crore in November 2019 from 4 per cent in the corresponding month of 2018. "Within industry, credit growth to food processing, textiles, gems & jewellery, chemicals & chemicals products, infrastructure and construction decelerated/contracted," the RBI said in a release on Tuesday. However, credit growth to rubber, plastic and their products and cement and cement products accelerated during the month. Loans to agriculture and allied activities slowed to 6.5 per cent in November 2019 from 7.7 per cent last year. Advances to the services sector decelerated sharply to 4.8 per cent from 28.1 per cent last year. Personal loans grew at a marginally lower rate of 16.4

LIVE: Rs 102-trn infra projects lined up for 5 yrs, says FM Sitharaman

In last six years, 5-6% of GDP spent on infrastructure, says FM Sitharaman

Year in review: History behind, Das-led RBI charts new trails in 2019

Under his governorship, Das silenced the ever-hungry market and North Block mandarins with 135 basis points reduction in interest rates through five successive rate cuts

RBI allows use of UPI and other non-bank payment methods to link FASTags

Move to boost NETC, foster competition among system participants; turnaround time for resolving failed transactions will be applicable to the transactions carried out in the NETC system

10-year bond yields rise on RBI's special open market operations

Interestingly, instead of the 10-year bond yields coming down, it increased about 5 basis points to close at 6.55% after the OMO

RBI buys Rs 10,000 cr worth long-term govt securities in second special OMO

The RBI had announced to purchase and sell simultaneously government securities under Open Market Operations (OMO) for Rs 10,000 crore each, last week

Bring banks on track

Credit market ecosystem needs better governance and oversight

RBI to flag bad loan issues with Finance Ministry in pre-Budget meet

Fresh provisioning and telco loans to figure in pre-Budget meet. Inability to find resolution may put Rs 3.8 trn loans at risk

Indian banking: Challenges in the new decade

Shall we see the closure of the bad loan saga in the new decade? There is no Lehman or East Asian crisis to blame; it's our own doing

India's economy is expected to rebound in 2020 on govt measures: CII

The chamber also suggested a flexible fiscal policy that will set a central government's target for the deficit in the range of around 0.5 to 0.75 per cent

Top 50 corporates reduce debt by about Rs 60,000 cr in first half of FY20

In the last financial year 2018-19, sources said, these companies had reduced their debt burden by about Rs 43,000 crore

HFCs' share in realty loans doubles to Rs 2.01 trillion since 2016: RBI

Over the past four years, total financing to real estate companies nearly doubled to Rs 2.01 trillion, shows the FSR released on Friday

RBI inspection report of scam-hit PMC Bank yet to be finalised: RTI

The RBI declined to give copies of two complaints received by it regarding 'irregularities' in the bank and the action taken on them

Investment lessons of 2019: Focus on reducing risk, choose your bank wisely

2019 taught us that investments need to be diversified, and investors need to trust their money with well-regulated entities only

Finance ministry counters RBI, says stress in banking sector declining

According to the FSR, the regulator conducted macro stress tests for credit risks to assess the banking system's resilience to macroeconomic shocks under baseline conditions

Credit portfolio of large borrowers shrinks, GNPAs decline: FSR report

For majority of the sectors, average risk weight (loan exposure of banks) has declined between March and September 2019

Frauds reported in H1 rise to Rs 1.13 trillion, 97% happened earlier

Also, during the first half of FY20, banks reported 398 cases of large-value frauds (above Rs 50 crore) worth Rs 1.05 trillion and 21 cases of frauds above Rs 1,000 cr, worth a cumulative Rs 44,951 cr

RBI proposes using equity price movements to signal corporate stress

Apex bank's FSR report says equity prices may also be used to determine 'intermediate' rating action, but advises caution about the extent such use

RBI raises concerns about companies shopping around for favourable ratings

Non-disclosure of indicative ratings by agencies makes it difficult to identify such instances, according to the FSR