Wednesday, April 14, 1999
RBI may opt for CRR cut, feel bankers
Bankers are lobbying hard against a rate cut by the Reserve Bank of India in its forthcoming credit policy even though a small section feels that the central bank may not resist the pressure of the finance ministry and give some signal to banks to pare interest rates.
`Banks, FIs should set up risk-management system'
KPMG managing director J Rajagopal has said that the banks and financial institutions have begun to introspect their risk managment in an attempt to prepare themselves to capitalise on new opportunities as well as safeguard against the risk these opportunities would expose them to.
Moratorium on export obligation puts DRI inquiry in a spot
The commerce ministry's moratorium for two years on the fulfilment of export obligation under the export promotion capital goods (EPCG) scheme has rendered the directorate of revenue intelligence (DRI)'s inquiry into cases of its non-compliance meaningless.
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