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PMC Bank has enough liquidity, depositors' money fully safe; HDIL sole reason for present crisis, says suspended MD
Fp Staff •The PMC Bank management admitted that one large account-HDIL--is the sole reason for the present crisis
PUBG Mobile weapons guide: All you need to know about DMR sniper rifles
Kshitijp •DMRs in PUBG Mobile have less damage and range than a bolt-action but could be useful in short combat.
RBI monetary policy meet: Central bank follows the textbook prescription to buy time and react
Rajni Thakur •Capacity utilisation measured by the RBI's OBICUS survey showed an increase from 73.8 percent in Q1 to 76.1 percent in Q2, higher than the long-term average of 74.9%.
RBI to cut statutory liquidity ratio gradually to 18% in next one-and-half year; move will release funds locked in govt securities
•The calibrated reduction in statutory liquidity ratio (SLR) will continue till it reaches 18 percent. The current SLR is 19.5 percent.
RBI monetary policy meet: Central bank on hold for now, but leaves room for future rate action
Madan •A CRR cut of 50 bps would have released at least Rs 65,000 crore. The RBI is either satisfied that there is no need to inject such a quantum of funds or that it would use OMOs to provide comfort as and when it is required.
Liquidity in surplus; to meet needs through available instruments, says RBI in a bid to quell concerns over cash shortage
•The Great Indian NPA Mess: Bad loans can snowball into banking crisis; Jaitley's solution has political overtones
Srikanth •NPAs on the other hand, have been growing. The problem was that banks did not have the capacity to assess infrastructure projects which were much bigger now.
Rs 80,000 cr PSB recapitalisation bonds won't impact fiscal deficit, says finance ministry
•The finance ministry said on Wednesday that Rs 80,000 crore recapitalisation bonds, to be issued to public sector banks (PSBs) as part of Rs 2.11 lakh crore capital support over 2 years, will not have impact on fiscal deficit as they will be cash neutral
RBI Monetary Policy: Experts say a rate cut could have been a Diwali gift; status quo on expected lines
Fp Staff •PMI contracting due to lack of orders, lower cement and coal productions, indicates the economy needed a booster dose
Rate cut: RBI, govt in open confrontation? Central bank defiantly holds ground
•The Reserve Bank warned of fiscal situation getting out of hand if states unabatedly continue to waive farm loans saying it also risk spurring inflation.