 "RBI Governor Shaktikanta Das")
One-day bad loan recognition norms
Despite incessant demand from a section in the finance ministry, corporates, as well as banks for some leniency in the February 12, 2018, circular that radically changed the bad loan recognition norms, the Das ruled out any changes. "At the moment, there is no proposal to modify the February 12 circular," Das said.
Bulk deposits
The RBI on Thursday decided to raise the criteria for 'bulk deposits' for banks to Rs 2 crore from the current Rs 1 crore, to provide more operational freedom to lenders to raise funds. Banks have been given discretion to offer differential rate
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