Deputy governor Viral Acharya explained surplus liquidity after the cash-ban in November 2016 as an aberration. The inflation-targeting central bank, in fact, now prefers to keep liquidity in slightly deficit mode.
RBI Governor Shaktikanta Das held discussions with leaders from the NBFC sector and listened to the issues troubling the sector.
The merger with Gruh Finance will bring down promoters' holding in Bandhan only to 61% from 82.28%.
“The talks regarding the deal between Bandhan Bank and Gruh Finance have reached an advanced stage,” said a source close to the development.
Banks in India have not experienced a worse year in the past two decades than what it had encountered in the year that had just passed by.
Sidbi is providing fund to Cashfor at 8% rate while it on lends at 16.98%. SKDRDP is getting fund at 5% and on lending to micro borrowers at 15.4%.
Following default by Infrastructure Leasing & Financial Services (IL&FS) in September, liquidity situation in the system became too tight.
The MFI’s capital infusion will expand its net worth to Rs 750 crore.
Expert committee on economic capital framework will have to give its report within 90 days from its first meeting.
Competitive populism is building serious stress for lenders, which could soon mar the credit cycle itself.
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