sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Latest Circulars »
 Government appoints four members to local boards of RBI
 Mint Street Memo No. 14: Finance-Neutral Output Gap: Empirical Estimates for India
 RBI-External Commercial Borrowings (ECB) Policy - Liberalisation
 M/s Sennheiser Electronics India Ltd 102-A, First Floor, Time Tower M.G. Road, Gurgaon, Haryana vs. The A.C.I.T Circle – 4(1) Gurgaon
 Seeks to exempt payment of tax under section 9(4) of the CGST Act, 2017
  Master Circular - Disbursement of Government Pension by Agency Banks
 Auction for Sale (Re-issue) of Government Stock (GS) September 17, 2018
 Auction of Government of India Dated Securities September 17, 2018
 Amendments to Reserve Bank of India (Note Refund) Rules, 2009 RBI/2018-19/46
 Sources of Variation in Foreign Exchange Reserves in India during April-June 2018
 Amendments to Reserve Bank of India (Note Refund) Rules, 2009

Statement on Developmental and Regulatory Policies, Reserve Bank of India
June, 13th 2017

This Statement sets out macro-prudential measures for strengthening the banking regulatory framework and the guidelines with regard to bond issuances overseas.

I. Reduction of Statutory Liquidity Ratio (SLR)

As per the existing roadmap, commercial banks have to reach the minimum Liquidity Coverage Ratio (LCR) of 100 percent on January 1, 2019. Government securities held by banks in excess of the minimum SLR requirement, Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR) and Marginal Standing Facility (MSF) are included in the stock of High Quality Liquid Assets (HQLAs). In order to give greater flexibility to banks to comply with the LCR requirement in an efficient manner, it has been decided to reduce the SLR from 20.5 per cent of NDTL to 20.0 per cent of NDTL with effect from the fortnight beginning June 24, 2017. The other prescriptions in respect of FALLCR and MSF carve out from SLR for LCR purposes remain unchanged.

Since currently the SLR requirement is uniform across banks, Primary (Urban) Cooperative Banks, State and Central Cooperative Banks shall also maintain SLR at 20.0 per cent of NDTL with effect from the fortnight beginning June 24, 2017.

A detailed circular is being issued today.

II. Reduction in Risk-Weight for Housing Loans

Considering the importance of the housing sector and given its forward and backward linkages to the economy, it has been decided, as a countercyclical measure, to reduce the risk weight on certain categories of housing loans sanctioned on and after today. It has also been decided to reduce the standard asset provisioning rate on such loans.

A detailed circular is being issued today.

III. Issuance of Rupee Denominated Bonds Overseas

The framework for issuance of Rupee Denominated Bonds (RDBs) overseas is in operation for some time. With a view to harmonising the various parameters of the extant framework with ECB guidelines, it has been decided to revise the provisions relating to the maturity period, all-in-cost ceiling and recognized investors for issuance of RDBs.

A detailed circular is being issued today.

Jose J. Kattoor
Chief General Manager

Press Release: 2016-2017/3305

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions