BANKS ASKED TO IMPLEMENT GUPTA PANEL SUGGESTIONS
Article Abstract:
The Reserve Bank of India has directed banks to implement the recommendations of the RV Gupta committee on farm credit immediately. The panel has suggested that 90 percent of the applications should be settled at the branch level. It has recommended the introduction of composite cash credit facility to all agricultural borrowers. Agricultural loans must be disbursed in cash. The panel wants farmers to be protected against natural calamities and price fluctuations. The security taken must be commensurate with the size of the loan and appropriate recovery mechanisms must be evolved. Periodic review of rural branches must be done. (khr)
Comment:
India: Reserve Bank of India directs banks to implement recommendations of RV Gupta committee on farm credit immediately
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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40% FDI FOR BANKING VIA AUTOMATIC ROUTE ON CARDS
Article Abstract:
The government is thinking of allowing up to 40 percent foreign direct investment (FDI) through the automatic route in the banking sector. If the decision is adopted foreign investors will not have seek approval from the Foreign Investment Promotion Board but will only have to inform the Reserve Bank of India about the amount invested and the level of equity. It is also planning to permit up to 75 percent FDI for non-banking finance companies (NBFCs) and 100 percent FDI for NBFC holding companies through the automatic route. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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BANKS' OVERSEAS OFFICES UNDER RBI FOCUS
Article Abstract:
The Reserve Bank of India is revising the format of the report on asset and liability of overseas branches of Indian commercial banks. It is identifying new areas which overseas branches will have to cover in their periodic reports. This has become necessary with the increased use of derivatives and financial tools and the problems and complications associated with them. An inadequate report cannot show a bank's true exposure as derivatives are structured in different ways. (khr)
Comment:
India: Reserve Bank of India revises format of report on asset and liability of overseas branches of Indian commercial banks
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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