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Recapitalisation of PSU banks is on high priority: Jaitley

Last Updated: Saturday, July 19, 2014, 14:48

Finance Minister Arun Jaitley on Saturday said recapitalisation to the tune of Rs 2.4 lakh crore in public sector banks to meet Basel III norms is a 'high priority' item for the government.

RBI first ever term reverse repo auction starts today

Last Updated: Monday, June 02, 2014, 11:23

Reserve Bank of India will conduct a 4-day term reverse repo variable rate auction for 150 billion rupees.

RBI to offer first ever term reverse repo auction on June 2

Last Updated: Friday, May 30, 2014, 22:59

The RBI on Friday announced its first-ever term reverse repo auction to drain excess cash from the banking system, which traders attributed to bunched-up government spending after elections.

India Ratings: Rs 1.27 lakh cr debt of 22 firms under stress

Last Updated: Tuesday, May 28, 2013, 20:45

The rating firm, however, maintained that the gross non-performing assets (NPAs) ratio for the banking system will be at the same level as the last fiscal.

RBI clarifications on new bank licences shortly

Last Updated: Tuesday, May 07, 2013, 16:10

The Reserve Bank will shortly come out with its clarifications on issuing licences for more private sector banks, the Finance Ministry said on Tuesday.

RBI not to allow MFIs to charge interest of more than 26%

Last Updated: Saturday, February 16, 2013, 14:49

The Reserve Bank of India (RBI) on Saturday said micro-finance institutions (MFIs) cannot charge interest rate of more than 26 percent.

Banking system shows signs of instability on rising NPAs: RBI

Last Updated: Sunday, January 20, 2013, 11:47

The banking system has recently shown signs of moderate rise in instability due to increase in non-performing assets (NPAs), the Reserve Bank has said in a working paper.

Banking system stable; there are weak spots in economy: RBI

Last Updated: Thursday, December 22, 2011, 19:15

India's banking system is stable and can withstand global shocks, but there are weak spots like decelerating growth and rising fiscal deficit which are needed to be addressed, said a Reserve Bank report.

Moody's says meeting with Indian govt, RBI officials routine

Last Updated: Monday, November 14, 2011, 09:17

Moody's has currently assigned Baa3 rating for India, the lowest investment grade rating, with a stable outlook.

S&P upgrades India banking system risk assessment

Last Updated: Friday, November 11, 2011, 13:15

Standard & Poor's (S&P) Ratings Services revised upwards India's banking industry country risk assessment (BICRA) to group '5' from group '6', making it part of a group of countries including China, Portugal, Thailand and Turkey, it said.

Moody's cuts Indian banking system outlook to negative

Last Updated: Wednesday, November 09, 2011, 10:35

Moody's Investor Service on Wednesday downgraded its outlook for India's banking system to "negative" from "stable", as it warned of slowing growth at home and overseas hitting asset quality, capitalization and profitability.

Banking system facing liquidity deficit: Pranab

Last Updated: Friday, September 02, 2011, 18:16

The government on Friday said that the banking system is facing liquidity crunch as is reflected from increased borrowings by lenders from the Reserve Bank.