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"commercial-banks"
RBI issues revised norms for classification, valuation of investment by banks
As per the revised norms, banks will have to classify their entire investment portfolio under three categories -- Held to Maturity (HTM), Available for Sale and Fair Value through Profit and Loss
RBI issues guidelines for appointment of statutory auditors of banks, NBFCs
However, non-deposit taking NBFCs with asset size below Rs 1,000 crore have the option to continue with their extant procedure.
Raj CM asks PM to amend provisions of banking regulation act
The CM wrote that such amendments were against the basic principles of the very idea of cooperatives.
Monetary policy to pump growth
RBI’s data-backed forward view should be able to reinforce confidence in entrepreneurs to stimulate economic activities
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