As per extant practice, banks incorporated in India seek prior RBI approval for infusion of capital in their overseas branches and subsidiaries. retention of profits in, and transfer or repatriation of profits from these overseas centres. 3. In order to provide greater operational flexibility, RBI decided that prior RBI approval for above capital infusion/ transfers…
The recapitalisation bonds will not be inflationary and will be cash neutral, says Department of Financial Services (DFS) Secretary Rajiv Kumar
Healthy banks that lend to sound firms create a virtuous cycle of investment and jobs: Urjit Patel
Healthy banks that lend to sound firms create a virtuous cycle of investment and jobs: Urjit Patel. The government on Tuesday decided to capitalise public sector banks (PSBs) to the tune of ₹2.11-lakh crore in a frontloaded manner to support credit growth and job creation. This announcement has come at time when PSBs are capital starved and hobbled by non-performing assets.
RBI Notification DNBR (PD-ARC) No. 05/ED(SS)-2017 dated April 28, 2017In exercise of the powers conferred by clause (b) of sub-section (1) of section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Reserve Bank of India hereby specifies that the Net Owned Fund (NOF) for Asset Reconstruction Companies…
RBI allowed Indian Banks to issue Masala Bonds..