RBI
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
Now government wants interim dividend from RBI
20 Dec 2018
According to earlier reports, the government is seeking 3,60,000 crore out of RBI’s over 9,00,000 crore reserves, which include gold, foreign currencies, SDR, sovereign bonds etc
PSBs seek roll-back of Rajan-Urjit regulations
14 Dec 2018
Public sector banks are in a strange situation with 11 of the 21 PSBs under prompt corrective action (PCA) and face restrictions on their lending activity, which in turn make their turnaround more difficult
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