Banks have raised concerns on Reserve Bank of India's new norms for bank exposure to large corporate entities, particularly in large infrastructure projects.
Union Minister Nirmala Sitharaman defended her demand for 2 per cent cut in interest rates by RBI, saying it is essential to boost SMEs and create jobs, amid criticism that such a move would drastically affect fixed deposits.
Ind-Ra said it expects higher-rated corporates to directly benefit in the short term, but the investment norms for most investor classes will require changes to move down the credit curve.
Reserve Bank of India (RBI) Governor Raghuram Rajan welcomed the appointment of Urjit Patel as his successor, saying it would ensure continuity in meeting the country's inflation objectives.
The telecom auctions scheduled in September will also result in some credit expansion opportunities for the lenders, the report said.
Reserve Bank's guidelines on corporate bond issuance will enhance liquidity and are credit positive, Moody's Investors Service said on Friday.
Reserve Bank had on Thursday announced a series of measures related to the country's fixed-income and currency markets.
In order to mitigate the risk of high exposure of banking system to any single borrower, the Reserve Bank of India on Thursday came out with prudential norms on enhancing credit supply to large borrowers through market mechanism.
The Reserve Bank of India on Thursday asked lenders to provide loans to women self-help groups (SHGs) at seven per cent per annum, as per the government's revised guidelines for 2016-17.
RBI said it was brought to its notice that entries of the farmers were not being made by the bank branches in the portal meant for crop insurance.
Public sector lender Union Bank of India plans to raise Rs 750 crore by issuing Basel III compliant bonds.
The total business, mix of deposits and advances, came down by staggering Rs 87,817 crore in the period under review as against the previous fiscal, as per BoB's latest annual report.
The Reserve Bank of India (RBI) on Thursday retained State Bank of India and ICICI Bank, the country's top two lenders by assets, as "domestic systemically important banks", or the equivalent as "too big to fail" for a second consecutive year.
With Urjit Patel set to take over as next governor of the Reserve Bank of India, the central bank may continue its anti-inflationary stance and keep key policy rates on hold for the rest of the year, Goldman Sachs said on Thursday.
Reserve Bank of India Deputy Governor S S Mundra on Wednesday said the level of stressed advances in the banking sector has risen to 12 per cent as gross non-performing assets (NPAs) nearly doubled to 8.7 per cent in the June quarter.
Reserve Bank Deputy Governor S S Mundra on Wednesday said the level of bad loans and restructured assets rose to 12 per cent while for the public sector banks it has jumped to 15.4 per cent as of the June quarter.
Country's largest lender State Bank of India (SBI) said it will raise up to Rs 11,000 crore through Basel III compliant debt instruments on a private placement basis.
In order to ease flow of credit to the MSME sector, Reserve Bank of India Deputy Governor S S Mundra on Tuesday said the central bank would soon put in place a framework for accreditation of credit counsellors who are expected to serve as facilitators for small businesses.
Reserve Bank of India Deputy Governor S S Mundra on Tuesday said the pace of formation of new non-performing assets (NPAs) or bad loans has decelerated although some banks have posted losses for the first quarter of the current financial year due to higher provisioning.