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Millennium Post

NPL resolution to be long drawn process: Moody's

9 May 2017 10:30 AM GMT
In its latest report on the measures taken by the government and Reserve Bank of India (RBI) to resolve the NPL issue, Moody's said: "Our base case remains that state-owned banks will use most of their operating profits over the next two years to gradually increase loan loss coverage from the current low levels."

RBI advises PSBs to have fair system for branch auditor appts

7 May 2017 8:01 AM GMT
The Reserve Bank has advised public sector banks to put in place a fair and transparent mechanism for appointment of statutory branch...

President Pranab Mukherjee approves Banking ordinance aimed at resolving bad loan cases

5 May 2017 5:30 AM GMT
The amendment in the Banking Regulation Act is said to empower the RBI to take strict action against defaulters while being lenient in cases of genuine business failures.

Counting of old notes to still take a few months: Shaktikanta

4 May 2017 12:25 PM GMT
Shaktikanta Das is in Japan to attend the Asian Development Bank's 50th annual meeting.

Banks need to raise private capital to deal with bad loans: RBI

29 April 2017 7:31 AM GMT
The mounting problem of bad loans of banks cannot be resolved by their simple recapitalisation and options like raising private capital for state-run...

Onus on govt to revive economy

11 April 2017 4:17 PM GMT
It also needs to urgently roll out the plan to tackle the problem of NPAs.

Currency returned to RBI post-note ban being calculated: FM

11 April 2017 10:05 AM GMT
The Reserve Bank of India (RBI) is still calculating and taking stock of the currency that was returned to banks post demonetisation, Finance...

Still not the solution

10 April 2017 4:10 PM GMT
It is important to highlight this classification of those seeking loan waivers since small and marginal ones constitute more than 90% of all farmers in Tamil Nadu.

RBI projects inflation to rise to 5%

6 April 2017 11:05 AM GMT
The Reserve Bank today projected retail inflation to increase to 5 per cent in the second half of the current fiscal citing risks of El Nino...

Favourable domestic factors to accelerate growth: RBI

6 April 2017 10:44 AM GMT
The Reserve Bank of India today said economic growth in the current fiscal will accelerate to 7.4 per cent compared to 6.7 per cent in 2016-17 on the...

RBI retains policy at 6.25%; ups reverse repo, cuts MSF by 25 bps

6 April 2017 10:39 AM GMT
The Reserve Bank left its benchmark lending rate unchanged at 6.25 per cent on Thursday for the third policy review in a row citing upside risk...

RBI maintains key lending rate at 6.25%

6 April 2017 9:16 AM GMT
The Reserve Bank of India (RBI) in its first bi-monthly monetary policy review of 2017-18 on Thursday kept its key lending rate unchanged at 6.25 per...
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