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The Indian economy is likely to grow at 7.4% in the coming years. As Union Finance Minister Nirmala Sitharaman is to present the Interim Budget - vote on account - today, here is a quick look at the...
KUALA LUMPUR: The loss-absorbing capacity of banks in the country remains strong, with excess capital buffers of RM131.9 billion as of January 2022, Bank Negara Malaysia (BNM) said today.
RBI Governor meets heads of small finance banks ANI | Updated: Apr 30, 2021 19:04 IST Mumbai (Maharashtra) [India], Apr 30 (ANI): Reserve Bank of India (RBI)Governor Shaktikanta Das on Friday held a virtual meeting with managing directors and CEOs of small finance banks to gauge potential stress on their balance sheets in the backdrop of rising Covid-19 cases and consequent localised lockdowns. He discussed the current economic situation, credit flows to different segments of borrowers and the liquidity scenario, according to a statement released by the c...
Remain watchful of evolving situation, push credit flows: RBI Guv to banks SECTIONS Share Synopsis RBI Governor Shaktikanta Das told bank chiefs Monday to ensure business continuity and credit flows to underpin the nascent economic recovery even as an alarming second wave of infections is raising afresh disruption risks in Asia’s third-biggest economy. Among other matters, progress in the implementation of COVID Resolution Framework, outlook on stresses assets and capital augmentation came up for discussion. Reserve Bank of India (RBI) Governor Shaktikanta Das told bank chiefs Monday to en...
MUMBAI: RBI governor Shaktikanta Das on Monday asked banks to remain watchful of the evolving situation and emphasised the importance of credit flow to sustain the nascent economic recovery amid rising coronavirus cases. In his meeting with MD/CEOs of public sector banks and select private sector lenders, Das also highlighted the recent policy measures taken by RBI to further support the ongoing recovery while preserving financial stability, the central bank said in a statement. Das touched upon the importance of credit flows in sustaining the nascent economic recovery and advised banks to ...