The Reserve Bank of India on March 31 raised the limit for short term credit that the government can borrow from the central bank. The limits for this credit facility, known as ‘Ways and Means Advances’, has been raised sharply to Rs 1.2 lakh crore for the first half of 2020-21. Ways and means advances …
On March 5, 2020, the Reserve Bank of India imposed a moratorium on Yes Bank and capped withdrawals at Rs 50,000. RBI’s decision came in the wake of the private sector bank’s inability to control mounting non performing assets. RBI’s actions to prevent YES Bank crisis to escalate underlines key problems in the Indian banking …
YES Bank Crisis: What Does It Say About The Regulations That Govern Banking In India? Read More »
The Reserve Bank of India (RBI) on September 30, 2019, brought out an annual publication entitled “State Finances: A Study of Budgets” which analyses the fiscal position of state governments on the basis of primary state level data. Highlights of the Report States’ gross fiscal deficit (GFD) has remained within the FRBM threshold of 3 …
