Finance
Mr. BillionhairRBI: Banks Have Small Issues, No Need to Panic, Folks!
Folks, the RBI says our banks are doing fantastic! Just a few little hiccups, no big deal! HDFC and ICICI? They had to set aside some cash—500 crore and a whopping 1,283 crore! But don’t panic! They’re fixing it, believe me! And the Kisan Credit Card? Huge improvements coming! Tremendous changes ahead, folks! I told you so!
few days ago | Subrata Panda
Quick rundown
1.RBI finds PSL issues limited to certain banks, not systemic.
2.HDFC and ICICI faced provisions due to PSL misclassification.
3.RBI mandates external auditor certificates for PSL compliance.
4.Axis Bank also set aside provisions following RBI scrutiny.
5.RBI revises Kisan Credit Card guidelines to expand coverage.
