The 10-year government bond may continue to remain in the tight band of 6.45-6.65 percent
The report shows that the graduate-to-job ratio of 27 in the period 2014-16 tripled from the figure of nine in 2011-13.
The finance ministry, incidently, had made a case recently for pushing back the Reserve Bank's deadline for implementing these norms in view of higher capital requirement to deal with bad loans which have reached unacceptable levels.
"Our BofAML liquidity model forecasts that loan growth will pick up to 15 per cent from 9.1 per cent in 2016-17 as the demonetisation shock works itself out," BofAML said in a note.
"Inflation targeting is fine for countries like the US and the UK. But we (India) are dependent on rain, import of oil from Gulf countries. In India, there is no point in setting inflation target," Jalan said at a function to release a book written by former RBI Governor Y V Reddy.
Former RBI Governor Yaga Venugopal Reddy launched his autobiography, "Advice and Dissent- My Life in Public Service," which speaks about his experiences, throws light on the current issues faced in the economy.
In a letter, RBI asks banks make 50 percent provisioning on the 12 loans which are worth around Rs 190,000 crore. It has asked banks to set aside 50 percent provision against the secured portion of these loans and 100 percent provision against the unsecured part.
Valuation of PSU banks have increased over the last few months without any change in fundamentals.
The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016 (IBC), which provides for these companies to be referred for liquidation.
This bitter truth was disclosed in an RTI response by the Reserve Bank of India (RBI) and 19 PSU banks.
The highest credit concentration was in the western region which had more than one-third of the total outstanding credit at Rs 23,39,900 crore as of end-March 2015, says the report.
In his autobiography 'Advice and Dissent: My Life in Public Service', Reddy said the two started off on a disagreement over opening of banking system to foreign ownership and by 2008 "there was a growing distance between us."
The amended Banking Ombudsman Scheme shall come into force from July 1, 2017.
Banks will have to comply with the Indian Accounting Standards (Ind-AS) for financial statements for accounting periods beginning from April 2018.
The two companies are among the 12 accounts identified by RBI to be immediately referred to the National Company law Tribunal (NCLT) under the Insolvency and Bankruptcy Code
Lenders including State Bank of India, Andhra Bank, Allahabad Bank, and United Bank of India have intensified their efforts to tackle bad loans as they wish to ensure faster recovery.
Urjit Patel said India’s fintech industry has almost tripled its size since 2013 and the value of transactions has touched USD 30 billion already.
Other than Pradeep Kumar and Janki Ballabh, the composition of the OC includes other three members – former chairman of Canara Bank M.B.N Rao, Non-executive chairman of L&T Finance Holdings Y. M. Deosthalee and former SEBI whole-time member S. Raman
According to global financial services major HSBC, the minutes of the MPC meeting held earlier in June show that the members are more flexible in their outlook and ready to be convinced by lower inflation prints over the next few months.
The Reserve Bank of India (RBI) released details of its last monetary policy meet --- dissenting Monetary Policy Committee (MPC) member Ravindra Dholakia batted for a 50 bps cut but Governor Patel and Deputy Governor Viral Acharya advocated a wait-and-watch approach.
RBI's Monetary Policy Committee (MPC), which met on June 6-7, had kept the repo rate unchanged at 6.25 per cent, citing risks to inflation.
Banks have outstanding loans worth Rs 45,000 crore to Essar Steel, Rs 47,000 crore to Bhushan Steel, and Rs 11,000 crore to Electrosteel Steels.
The growth in advances in the reporting period was slightly higher than the previous fortnight ended May 26, 2017, RBI data showed.
India's cooperative banks have also been allowed to exchange old currency notes with the RBI, if they had collected these notes by November 14, the statement said.
Since the prices of goods and services are likely to be volatile as GST sets in, the base effect of the inflation numbers wanes out post-July 2017. We expect policy rates to remain unaltered in the near term