RBI Board meet: Round one goes to govt; after the ugly public spat, Governor Urjit Patel has been shown his place
RBI board meet outcome is a clear victory for govt; RBI has been shown its place
Patel and his deputies along with a few independent directors too are expected to support the RBI's mission to clean up bank balance sheets, sources said.
RBI, govt trying to reach common ground on some key issues ahead of cental bank's board meeting on 19 November
RBI is likely to agree to easing of lending norms for the MSME sector including strict rating criteria to improve credit flow to this sector
India ranks 77 in Ease of Doing Business: Between World Bank ranking and RBI-govt turf war, economy needs careful watch
The government is understandably preening over India having moved up 23 places to rank 77th in the World Bank’s Doing Business rankings of the World Bank.
RBI may make changes in Prompt Corrective Action framework that put restrictions on financially weak banks
As many as 11 out of 21 banks are under the RBI's watchlist. Of these, two banks, Dena Bank and Allahabad Bank, are facing restrictions on expansion of business.
Private sector banks are expected to increase it from 30.9 percent in March 2018 to 38-40 percent in the foreseeable future and stabilise at that levels
Oriental Bank of Commerce (OBC) is one of the 11 banks which are under the prompt corrective action (PCA) framework
One or two more banks may face PCA like Dena Bank if their quarterly numbers indicate further erosion of capital and unabated rise in net NPAs, a senior official of a public sector bank said.
There is now no need for QIP this fiscal as more capital would also flow-in through recap bonds,
Earlier, similar action was initiated against other state-owned lenders -- IDBI Bank, Indian Overseas Bank and UCO Bank