Mumbai: The Reserve Bank of India (RBI) on Thursday named State Bank of India (SBI), ICICI Bank and HDFC Bank as Domestic Systemically Important Banks (D-SIBs), which in other words mean banks that are too big to fail.
Reserve Bank of India (RBI) Governor Shaktikanta Das will hold a meeting with heads of Small Finance Banks on March 15 to discuss their participation in priority sector lending and financial inclusion.
Loans to exporters have fallen steeply in the last one year, adversely affecting labour-intensive micro, small and medium enterprises.
By Sudhakar Atre, RBI has permitted to all banks and NBFCs restructuring of advances to Micro, Small and Medium Enterprises (MSME) sector stressed MSME accounts with aggregate exposure upto Rs 25 crore without downgrading the asset to substandard (NPA) category vide its circular dated January 1, 2019.
Working toward a cleaner and greener apparel industry was the mission of the Sustainable Fashion Forum, held at the California Market Center on March 7during the March 6–8 run of the LA Textile show.