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Powering Ahead On Call |
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The Reserve Bank of India (RBI) has planned a further move towards a pure inter-bank call and notice money market. The RBI has shrunk the lending capacity of non-bank participants, on average in a reporting fortnight, up to 45 per cent of their average daily lending in call/notice money market during 2000-01. Full story |
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Infrastructure Lending To Cover Farm-related Activities Too |
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In view of the critical importance of the infrastructure sector, it has been proposed to expand the scope of definition of infrastructure lending to include various supporting activities of agriculture. Full story |
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Status Quo On Key Rates, Banks Can Keep 10% IFR |
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There is no change in the monetary policy stance in the Reserve Bank of India’s (RBI) annual policy statement. As expected, the RBI kept the Bank Rate and repo rate ‘stable’ at six per cent and 4.50 per cent, respectively. Full story |
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No New UCB Licences Before Regulatory Regime Is In Place |
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The RBI has said that fresh licences will be issued to urban co-operative banks (UCBs) only after a comprehensive policy on UCBs including an appropriate legal and regulatory framework for the sector is put in place, and a policy for improving the financial health of the urban co-operative banking sector is formulated easily. Full story |
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