RBI has implemented KV Kamath panel’s recommendations in totality, including parameters like high debt service coverage ratio and investment grade rating.
When the committee was announced as part of RBI’s loan restructuring plan, banks were under the impression it would suggest norms for retail and corporate loans.
RBI deputy governor post has been lying vacant since N.S. Vishwanathan retired on 31 March. He was in charge of portfolios including banking regulation.
Fear of probe agencies investigating bad loans left a deep scar on banking officials, raising their risk-averse nature to lending. RBI wants Kamath panel to take care of those fears.
It is necessary to break the spell of socialist dogma on the imagination of those attracted by its Utopia as the only scientific way of progress, wrote MA Venkatarao in 1963.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
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