Other Hotline
December 08, 2011
India needs new banks, liquidity

The recent downgrade of the Indian banking system by Moody's, from stable to negative, should make the Reserve Bank of India (RBI) rethink some of its existing policies. Whether the downgrade is justified or not will only be known over time. However, the inability of the banking sector to raise sufficient capital to support credit growth now is a cause of concern.

The RBI has postponed the release of guidelines for new banking licences in the private sector. But it surely has to device ways to pump more money into the economy and the banking system to meet the demands of the industry. Against this background, a close look at two important pending banking sector guidelines is warranted.

Ms. Pratibha Jain, Head - Banking, Finance & Public Policy has recently written an article which was published in The Economic Times dated November 30, 2011. The same can be accessed from the link provided below:

India needs new banks, liquidity

- Pratibha Jain

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

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Other Hotline

December 08, 2011

India needs new banks, liquidity

The recent downgrade of the Indian banking system by Moody's, from stable to negative, should make the Reserve Bank of India (RBI) rethink some of its existing policies. Whether the downgrade is justified or not will only be known over time. However, the inability of the banking sector to raise sufficient capital to support credit growth now is a cause of concern.

The RBI has postponed the release of guidelines for new banking licences in the private sector. But it surely has to device ways to pump more money into the economy and the banking system to meet the demands of the industry. Against this background, a close look at two important pending banking sector guidelines is warranted.

Ms. Pratibha Jain, Head - Banking, Finance & Public Policy has recently written an article which was published in The Economic Times dated November 30, 2011. The same can be accessed from the link provided below:

India needs new banks, liquidity

- Pratibha Jain

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.