The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will meet for the new fiscal's first bi-monthly monetary policy today.
KOLKATA: Reserve Bank of India has made life a little bit easier for banks by tweaking the bad loan divergence rule. Banks’ disclosure of divergence practice mandated by RBI aims at improving transparency in asset classification and preventing under-reporting of bad loans.
The Reserve Bank of India (RBI) on Monday changed the disclosure norms for banks on material divergences on provisioning, stating that banks will now have to disclose their provisions if the divergence found is more than 10 per cent of the bank’s profit before provisioning and contingencies.
Hyderabad: Telangana State has recorded over 20 per cent revenue growth rate in GST in the current financial year, reaching yet another milestone on the revenue front.
NEW DELHI: The government is considering a scheme to refund taxes imposed on India’s exports to the US that will suffer loss of competitiveness once the concessional duties enjoyed under the Generalised System of Preferences (GSP) are withdrawn.
The Reserve Bank of India (RBI) will introduce a new seven-year and a new 20-year bonds in the first auction of the fiscal to be held on Friday, April 5.