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Detection and Impounding of Counterfeit Notes

Reserve Bank of India (RBI) has issued master circular number RBI/2017-18/26 DCM (FNVD) G – 4/16.01.05/2017-18 dated 20th July, 2017 for Detection and Impounding of Counterfeit Notes. 1,005 more words


The report said the economic value method has been applied to arrive at the sustainable level of debt.

Banks may have to take a haircut of Rs 2.4 lakh crore in order to resolve the 50 largest stressed assets in the system, according to a report by Crisil. 368 more words


The Gujarat High Court verdict in the Essar Steel case sanctifies the IBC process and strengthens the hands of lenders

Counter-intuitive as it might seem, Essar Steel may actually have done a favour to the fledgling Insolvency and Bankruptcy Code by challenging the Reserve Bank of India and State Bank of India in the Gujarat High Court, which the latter has now dismissed. 443 more words


A large number of these borrowers are from the steel, power and telecom sectors. (Reuters)

Indian banks are beginning to spot a welcome change in their customers’ behaviour: borrowers who have seen their accounts classified as stressed or non-performing are approaching the lenders with proposals to resolve such accounts in a time-bound manner. 370 more words


RBI's Financial Stability Report & Change in base year for IIP and WPI

RBI’s FSR: Banks NPA may further rise

Reserve Bank of India (RBI) released its 15 th financial stability report (FSR) on July 2. According to the FSR, the domestic and global economic outlook remains positive. 1,195 more words

The government so far has done well on administrative reforms, which, as has been seen, are unable to push the economy forward.

The industrial growth number for May is quite disappointing as it does indicate that there are still few signs of the expected economic turnaround. 1,041 more words