Tag Archives: RBI

RBI Hikes SLR To 25%, Key Rates Unchanged

By | Published: January 9, 2010
In an attempt to gain control over the creeping inflation, RBI has made its monetary policy a bit more stringent, with most of the key policy rates remaining the same. A hike of 100 basis points in the statutory liquidity ratio, while maintaining status quo on all other policy rates and reserve ratios have been the [...]
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RBI clarifies refinance cos provision norms

By | Published: October 30, 2009
The Reserve Bank of India on Wednesday clarified that floating provisions were only for contingencies under extraordinary circumstances for making specific provisions. The Reserve Bank of India (RBI) said in a notification that the term lending and refinance companies cannot use floating provisions in place of specific provisioning. Only under extraordinary circumstance, with prior permission from the [...]
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