PFC allays investor concerns over govt stake buyout in REC, says acquisition deal size yet to be finalised
On 20 December, the PFC's board gave in-principle approval to the acquisition of the REC, it said.
The RBI board meeting which went on for a dramatic nine-hour session has reached a mature solution which is acceptable to all concerned parties
Govt and RBI to discuss relaxing capital norms for banks; move will free-up some Rs 60,000 crore at PSBs
Freed-up capital will also reduce pressure on the government to provide funds.
Govt has infused capital of Rs 1,18,724 crore from 2008-09 to 2016-17 in the PSBs for meeting their capital adequacy requirements
The amount of money to be set aside for every loan made, has been lowered to 0.25 percent from the earlier 0.40 percent, which will help reduce the interest rates on home loans
The PM the finance minister need to focus on making public sector banks guzzle less capital. This can only happen with autonomous management and more efficient staff.
In order to enhance risk management system of banks, RBI has proposed tweaking norms for capital adequacy with regard to their exposure in derivative instruments.
The central bank is looking at a move under which a part of banks' statutory liquidity ratio (SLR) holdings can be treated in a way that it complies with liquidity norms under the Basel III capital requirements.