Latest Updates Around The World
Kolkata: Microfinance company remained a major resistance to the performance of small financial banks, in particular ESAF, Suryoday and Utkarsh, with about one fifth of their microloan books under stress, even if new loans were paid this year, a better repayment record. This could weigh on the profitability of banks, in particular ESAF and Utkarsh […]
The RBI said that from the 2025-26 financial year, the extra component (35%) of PSL will be reduced to 20%, which reduces the total PSL target white as 60%of ANBC (adapted NetBank credit) or creditquival of exhibitions outside the balance sheet (CEOB) (CEOBE), higher. | Photocredit: Danish siddiqui The Reserve Bank of India (RBI) has […]
In a rare fit of generosity, the Monetary Policy Committee (MPC) decided in its June meeting to lower the Repo rate with 50 basic points and to beat the Cash Reserve Ratio (CRR) for banks with 100 basic points. The CRR section will be phased out from September to November over four tranches. Both REPO […]
