Contraction in trade deficit helps, says RBI
India’s current account deficit (CAD) narrowed sharply
to $7.8 billion (1.7 per cent of gross domestic product) in the first
quarter of 2014-15 from $21.8 billion (4.8 per cent of GDP) in the year
ago period. However, it was higher than $1.2 billion (0.2 per cent of
GDP) in Q4 of 2013-14. “The lower CAD was primarily on account of a
contraction in trade deficit contributed by both...
Monday, 8 September 2014
RBI norms on Basel III instruments are credit positive: Moody's
04:40
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The new norms by RBI for the instruments compliant under Basel III to
raise Tier-I capital are credit positive for Indian banks, in particular
public sector banks, according to Moody’s credit rating agency.
“They will make the instruments more attractive to investors, broaden
the investor base for additional Tier 1 (AT1) securities to include
retail investors and allow banks to have a higher proportion of AT1
capital in their Tier 1 capital,” Moody’s said in its credit outlook
report.
New guidelines
On September 1, the Reserve Bank...
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