Financial Stability Report

Authorities in neighbouring Karnataka on Wednesday ordered the National Highways Authority of India (NHAI) to check stability of the new Kali river bridge after an old bridge on the water body collapsed. The old bridge on the river collapsed at around 1.30 am on Wednesday, resulted in heavy traffic on national highway no. 66 connecting Goa to Karnataka, officials said. A truck crossing the bridge at the time fell into the river. Local fishermen later rescued its driver, a police official from Karwar in Uttar Kannada district of Karnataka told PTI. The old bridge which collapsed was used for Goa-bound traffic after the construction of a new one a decade back, the official said. Uttar Kannada District Magistrate Lakshmi Priya K said it has been brought to the notice that the old Kali river bridge connecting Karwar and Sadashivgad collapsed at 1.30 am on Wednesday. She ordered the NHAI officials concerned to verify and report stability of the new Kali river bridge connecting Karwar a

The RBI is moving to implement changes in guidelines on Liquidity Coverage Ratio with higher runoff rates and haircuts

According to CRISIL Ratings' bi-annual 'MSME Report' (June 2023), the debt need of the sector is more than Rs 100 trillion. Of this, 70% is for working capital requirements alone

FY24 sees record loan surge and customer growth

Some areas of concern remain

Says need to monitor NBFCs growing fast clip pace with low capital buffers

According to Financial Stability Report, the enforcement action by the banking regulator increased to 161 entities in December 2023 - May 2024 from 146 entities in June 2023 - November 2023

Financial regulators need to be vigilant

Given myriad cross currents across inflation, growth and financial stability, monetary policy in 2024 will have to cross the river by feeling the stones

The yield spread widened to 53 basis points on Tuesday. The last time the yield spread widened above 50 basis points was in January 2022

Bad loans from agri remain high at 7%

Higher risk weight to dampen growth exuberance, improve credit quality

An oil price surge of 10 per cent from the baseline of $85 per barrel could weaken domestic growth by 15 basis points and increase inflation by 30 basis points

Reminds analysts, bond markets that inflation target is 4% and not 6%

'The ESG concept is relatively new compared to conventional risk-management frameworks'

Also explore options such as swapping higher-cost debt with lower-cost alternatives, and debt consolidation

At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added

Adding to a growing chorus of warnings from economic leaders, the IMF chief said it was clear that risks to financial stability had increased after the recent collapse of Silicon Valley Bank

Extant Sebi rules require disclosure of pledge of promoters' equity, but there's nothing that requires disclosure of the effective leverage

Pakistan's top election body has suspended the membership of 271 lawmakers across the country for not submitting their statements of assets and liabilities. The statements have to be filed by December 31 every year, and the lawmakers were directed by the Election Commission of Pakistan (ECP) to submit their financial statements up to June 30, 2022, by January 16, 2023. It also warned that failing to submit the financial statements would result in the suspension of their respective memberships. The ECP said on Monday that those targeted include 136 Members of the National Assembly, 21 senators, and 114 Members of Provincial Assemblies.