RBI Circular

The RBI makes an initial contribution of Rs 250 crore covering half the fund

Ways and means advances (WMA) are temporary liquidity line given by the central bank to the government to meet short-term expenditure needs of the government

The number of days for which a state/ UT can be in overdraft in a quarter has been increased to 50 working days from the current 36 working days

Acceptance of LUT for supplies of goods or services to countries outside India will be permissible irrespective of whether the payments are made in Indian currency or convertible foreign exchange

The thinning out of activity is impacting market liquidity, the central bank said in a statement

The BoM will be constituted by the Board of Directors (BoD) of the UCBs concerned within one year, the RBI said

However, the perception of risks on various fronts like domestic growth, fiscal, corporate sector and banks' asset quality increased between April and October 2019, it said

Loans of over Rs 1.8 trillion, for which agreement has been signed by banks, are likely to be referred to IBC

Recognition of stress in itself may result in higher provisioning

Regulations on interest rate derivatives (IRDs) have so far been issued separately for each product, including for products traded on exchanges

PNB chairman Sunil Mehta, who conceptualised the inter-creditor agreement adopted by RBI, says the central bank's new circular on resolving stressed assets is practical.

The central banks said lenders shall recognise incipient stress in loan accounts, immediately on default, by classifying such assets as special mention accounts (SMA)