RBI
RBI cuts repo rate by 25 bps to 6.25 per cent
07 Feb 2019
Backed by the fall in December headline inflation to an 18-month low of 2.19 per cent, the MPC meeting, the first for RBI governor Shaktikanta Das, also decided to lower India’s inflation projection for April-September to 3.2-3.4 per cent from the 3.8-4.2 per cent seen in December
Cabinet nod for merger of Vijaya Bank and Dena Bank into Bank of Baroda
02 Jan 2019
The merger will combine the advantages of Dena Bank's relatively higher access to low-cost CASA deposits, Vijaya Bank's profitability and availability of capital for growth, and the extensive and global network and offerings of BoB
RBI allows one-time restructuring of MSME loans up to Rs25 cr
02 Jan 2019
MSME loans worth up to Rs25 crore in the default but standard category as on 1 January 2019 will be allowed a one-time restructuring, "without an asset classification downgrade" RBI said
RBI rules out dilution of bank capital norms
31 Dec 2018
While recent data for the first half of fiscal 2018-19 indicated a stabilisation in non-performing assets (NPAs), this is at an elevated level and capital positions stands buffered and the provision coverage ratio has improved, RBI noted
Bimal Jalan heads panel on RBI’s economic capital framework
27 Dec 2018
The panel will decide on the appropriate size of reserves to be maintained by RBI as per public policy mandate, including financial stability considerations, to assess the extent of the profits that can be transferred to the government
