CREDIT POLICY Has Dr Reddy been needlessly overcautious?
Are the stringent provisioning requirements and higher risk weights for commercial real-estate justified, though the RBI has to fight inflation, and manage excess liquidity without affecting capital flows that feed the market and fund an ever-growing current account deficit? The RBI is using indirect means to enforce credit allocation or non-allocation to or from specified channels when it ordains "penal" provisioning or capital adequacy norms for select credit categories.
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INFORMATION TECHNOLOGY
RSA Security buys Passmark
US-based RSA Security Inc has acquired PassMark Security, a privately held company based in Menlo Park for a total consideration of $44.7 million. The acquisition is expected to enhance RSA Security's portfolio of adaptive authentication ...
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Tap new avenues to grow, banks told
The Deputy Governor of Reserve Bank of India, Mr V. Leeladhar, has urged the public sector banks to make efforts to grow both organically and inorganically. Addressing the staff members of Corporation Bank during his visit to the bank's ...
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