Issue of PSLCs is good for banks: Moody's
The Dollar Buiness Bureau The release of Reserve Bank’s guidelines for priority sector lending certificates (PSLCs) is credit positive for banks that are not having expertise in making priority sector loans, said global rating agency Moody’s. “This allows them to focus on their strengths and purchase credits from banks with expertise in making such loans, instead of diverting their own resources toward meeting priority sector lending targets,” it said. While releasing the instructions on trading in PSLCs, S S Mundra, Deputy Governor of RBI also launched a platform to enable trading in the certificates through its Core Banking Solution portal (e-Kuber). All Scheduled Commercial Banks including Regional Rural Banks, Urban Co-operative Banks, Small Finance Banks and Local Area Banks are eligible to ...
'US and international financial bodies bullish on India'
Source: PTI International financial bodies including the IMF, World Bank, and top US federal bodies like the Federal Reserve are “highly impressed” by India's growth at a time when emerging economies are slowing down, officials of these institutions told a group of top Indian bankers. “For the first time, we are getting a very positive feedback on India. They say that India today is a shining star. They are highly impressed by how things are shaping up in India,” G Gopalakrishna, director of RBI's Center for Advanced Financial Research and Learning (CAFRAL) told PTI at the conclusion of a three-day trip to the US Capital. Gopalakrishna is leading a team of 24 senior executives from top Indian banks on a two-week ...
