The Union Budget comes with a vocabulary that can be confusing even for regular readers. Many terms are technical, and are used repeatedly across Budget documents, tables and debates. The “Budget at a Glance” table presents a consolidated snapshot of the Union Government’s finances for a financial year, showing actuals, Budget Estimates and Revised Estimates…
Indian banks are likely to benefit from enhanced regulatory oversight by the Reserve Bank of India (RBI) and a more robust supervisory toolkit, which should lower systemic risks and improve the sector’s operating environment, global rating agency Fitch said in a report.Fitch noted that these regulatory shifts, combined with strong economic growth prospects and reduced…
RBI governor Sanjay Malhotra (File photo) Reserve Bank Governor Sanjay Malhotra met senior executives of major non-banking financial companies (NBFCs) on Monday to discuss key issues facing the sector, stressing the need for strong lending standards and close monitoring of loan quality.The meeting was attended by heads of government-owned NBFCs, housing finance companies and microfinance…
NEW DELHI: Rupee continued to slide against the US dollar on Monday. It ended 8 paise lower at 90.28 (provisional) against the US dollar, pressured by firm American currency and weak equity market sentiment.Renewed geopolitical tensions triggered by the US military action in Venezuela strengthened the dollar across global markets, forex dealers said, overshadowing the…