BE/RBI NOTE/4/2018 The resolution time for resolving large NPAs, has been specified in strict terms by RBI.  Non compliance would result in referring them for necessary insolvency proceedings.  Also, the debt restructuring schemes viz SDR, S4A and such other schemes have been withdrawn by RBI. While announcing this, RBI has also defined various resolution plans

BE/RBI NOTE/3/2018 The RBI Governor opined that the increased rates and changes in the fiscal policy of US Government, could possible affect the global markets and more so the emerging markets.  Also, the Governor Mr. Urjit Patel that the policies of US in the past had caused the Latin American Debt Crisis, and now the

BE/RBI NOTE/2/2018 No change in the Repo Rate is the current news in the six member Monetary Policy Committee (MPC), meeting headed by RBI Governor Urjit Patel.  The Repo Rate remains at 6 percent and the Reverse Repo Rate at 5.75 percent. The Reserve Bank of India, meeting amidst the storm in the global market

There is a likelihood of SBI slashing down the minimum balance requirement for savings accounts to the extent of 70 per cent which is at present Rs. 3000 for metros, Rs. 2000 for semi urban and Rs. 1000 for rural areas.  Also, the mandate for maintenance is likely to be changed to quarterly from monthly

Encouraged with the Policies and guidelines, Housing Loans disbursed below Rs. 2 lacs, formed a major segment of the Housing Loan portfolio, ultimately ending up with a whopping increase in the NPAs of such loans given below   Rs. 2 lacs. Higher NPAs were seen, on the Housing Loans released by State owned PSU Banks, when