A team of 24 senior executives from top Indian banks is on a two-week orientation/study tour of the US, during which they will have first-hand exposure to the American banking system, international financial institutions and best practices from here which could be implemented in India.
Lord Adair Turner goes on to analyse India and says the crucial thing is to look at the degree of reliance on short-term debt and that is something that RBI governor Raghuram Rajan has commented on within the nature of financing of current account deficit (CAD).
After the US jobs data for the month of December came in lower-than-expected , experts believe the US Federal Reserve will hold on to its tapering programe for now but the continuity will depend on the subsequent jobs data going ahead.
The Reserve Bank of India (RBI) is planning to add momentum to the lacklustre stress loan sales market wherein banks dispose off their non-performing loans to the asset reconstruction companies (ARCs).
RBI has asked banks to avoid offering sharply different rates on deposits with similar maturities, saying that something is wrong with lenders if their retail and bulk deposit rates vary too much.
Director of CAFRAL Usha Thorat tells CNBC-TV18 that they have recommended increasing the tier I capital of non-banking financial companies to 12% so as to reduce their risk to sensitive sectors.