Tag Archives: reduces

RBI reduces risk weights for bank lending to NBFCs

The Reserve Bank of India (RBI) has decided to assign risk weights for the rated exposures of banks to all non-banking financial companies (NBFC) to facilitate credit flow to the sector that is reeling under liquidity pressure post IL&FS defaults in August. The guidelines will be out by February end. “With a view to facilitating flow of credit to well-rated ... Read More »

SBI hikes retail fixed deposit (FD) rates but reduces shorter term bulk deposit rates

SBI FDs with maturity between 5 and 10 years will now fetch an interest rate of 6.85% India’s largest bank, State Bank of India or SBI, has increased interest rates retail fixed deposits or FDs, below Rs 1 crore. The revised rates came into effect from 30 July, just ahead of the RBI’s monetary policy announcement on 1 August. The higher ... Read More »