Prefer proposal for airline to float bonds guaranteed by govt.
The decision was taken at the State Bank of India headquarters in Mumbai on Monday when the top managements of the lenders met.
Banks face the grim possibility of a chunk of the unhedged loans turning bad.
The government has amended its laws to have a bigger say in the decision making of the Reserve Bank of India (RBI) by having two members on the central bank's board as compared to one now.
Bankers are working on a formula that would aim to keep the re-payment period and the net present value of the asset specified during the first restructuring intact, by increasing the interest rate.
Central bank unhappy with North Block's EMI diktat to banks, asks for more provisioning.
Currently, FIIs are allowed to invest up to $10 billion in government bonds, and the limit has been almost exhausted in the first half of 2011-12.
Government asks banks to furnish capital, ratings and NPA details.
Indian banks are knocking the regulator's doors, seeking approval to open branches in Dhaka, the capital of Bangladesh, as they sense an opportunity to cater to the business community involved in the trade of non-Basmati rice.
The regulator had earlier asked these banks to submit a road map and give a time frame for paring promoters' shareholding to 10 per cent.
Sources familiar with the developments said the clearance came a few days earlier. While the details of the revised structure were not known, the sources said it would remain an all-stock deal.
This is being done for two reasons: to avoid conflict of interest and bring in transparency in the functioning of the banking regulator.
RBI last year initiated the process for issuing fresh licences by publishing a discussion paper inviting comments from the public.
After rising for more than a year, short-term interest rates have started falling since the beginning of the month, thanks to improved liquidity.
State Bank of India (SBI) has put on the backburner its plan to acquire a stake in Tata Motors Finance, following the Reserve Bank of India's (RBI's) objection.
According to RBI data, bank lending to commercial real estate registered 20 per cent growth in the year ended May 30 as compared to 1.2 per cent in the previous year.
RBI feels allowing foreign companies into this business may affect financial stability.
It is clear now that our policy to treat FCCBs as debt upfront turned out to be the right approach.
Khan would replace Shyamala Gopinath who retires on June 20, after a seven-year stint as deputy governor.
The Financial Stability and Development Council had earlier mandated RBI and the Securities and Exchange Board of India to undertake a review of the existing practices followed by banks and brokerage houses in offering wealth management services.
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