Fri, Jan 11, 2019
Earlier this week, RBI Governor Shaktikanta Das said any generalised farm loan waiver adversely impacts the credit culture and the behaviour of borrowers, amid various states announcing waivers. He said loan waiver is related to the fiscal space that a particular state government has.
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Fri, Dec 14, 2018
Bankers and the Reserve Bank (RBI) have often expressed concern that debt waivers can wreck credit culture. Stating that up to Rs 70,000 crore will be spent on farm debt waivers till May 19 (when the general elections are scheduled to be held), it said this makes it a "frightening challenge" for the banking community ahead.
Sun, Sep 16, 2018
Recently, the Reserve Bank estimated that fiscal deficits of all the 29 states may decline to 2.6 per cent of their gross state domestic product (GSDP) citing their FY19 budget estimates, from 3.1 per cent in FY18.
Sat, Aug 12, 2017
Describing the impact of demonetisation on the Indian economy, Chief Economic Adviser (CEA) Arvind Subramanian said on Friday that there has been a 20 per cent reduction in cash in the economy.
Mon, Jul 24, 2017
The bank reported net profit of Rs 3,893.84 crore, growing by 20.22% compared to Rs 3,238.91 crore in the corresponding period of the previous year. On qoq basis, earnings saw decline.
Wed, Jun 21, 2017
The waiver will help 22,27,506 farmers who had obtained loans from cooperative banks, Chief Minister Siddaramaiah said in the Assembly.
Fri, Jun 09, 2017
The funds in proportion to the amount of loan waiver should be provided to banks soon after the passage of budget for 2017-2018 fiscal and certificates of waiver should be distributed among 86 lakh beneficiaries, he told a high-level meeting for implementing waiver scheme for small and marginal farmers.
Wed, Jun 07, 2017
RBI during its monetary policy meet on Wednesday touched upon several aspects right from inflation to farm loan waivers to 7th Pay Commission, among others. Here are 10 key things RBI said during its meet.
Tue, Apr 18, 2017
While tractor loans are not included in the State governments' loan waiver schemes, however no clarity on it could result in many farmers deferring repayment of tractor loans.
Thu, Apr 06, 2017
The Reserve Bank of India (RBI) and Monetary Policy Committee (MPC) on Thursday kept the key policy rate unchanged at 6.25% in order to achieve its medium-term CPI inflation target of 4% and to support the economic growth.
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