Sunday, July 3, 2022
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home News India

Finance Commission meets Bankers and Financial Institutions in Mumbai

by Janam Web Desk
May 10, 2019, 03:58 pm IST
in India

New Delhi: The Chairman, N.K. Singh, Members and Senior Officials of the 15th Finance Commission met a large group of Bankers and Heads of Financial Institutions in Mumbai.

Salient points raised by banks during their meeting with 15th Finance Commission:-

In the context of making the borrowing costs of State Governments aligned to their fiscal and governance fundamentals, the Automatic Debit Mechanism which is currently in vogue and the need for introducing rating of all public sector borrowers including States was discussed by the bankers.
The bankers also mentioned that it is important to take a view on the total public sector borrowing requirements, as opposed to the narrowly defined Union and State fiscal deficits, to improve fiscal transparency and to ensure that markets get clear signals of the fund requirements of the public sector, ex ante.

A few of the bankers mentioned that the maturity profile of outstanding borrowings of the Union and State Governments indicates that there is likely to be a repayment pressure during the next 4-5 years.
The bankers also discussed their perspective in the areas of priority sector lending, loan waiver announced by Governments and its impact on credit culture, recapitalization of banks, foreign portfolio investment in Government securities, operationalization of sinking fund by States and raising of market borrowing by local self-governments.

It was also mentioned, in the context of horizontal devolution of Union taxes among States that fiscal discipline, transparency, governance improvements and revenue raising efforts of States be factored in appropriately.

The Bankers and Institutions who attended the meeting were, P.K. Gupta, State Bank of India, P. Sengupta, Bank of Baroda, Dina Bandhu Mohapatra, Bank of India, A.S. Rajeev, Bank of Maharashtra, Pallav Mohapatra, Central Bank of India, Manas Ranjan Biswal, Union Bank of India, Kaizad Bharucha, HDFC Bank Ltd, Srinivasan Vaidyanathan, HDFC Bank Ltd, Sandeep Batra, ICICI Bank Ltd, Arun Khurana, Indusind Bank, K.V.S. Manian, Kotak Mahindra Bank. Ajay Mahajan, IDFC First Bank, Rakesh Sharma, IDBI Bank Limited.

Tags: MAINFEATURED
ShareTweetSendShare

Related News

Udaipur beheading case; Two Islamic terrorists arrested for conspiracy
News

Udaipur beheading case; Two Islamic terrorists arrested for conspiracy

Gold smuggling case; Swapna Suresh appeared before ED
News

Gold smuggling case; Swapna Suresh appeared before ED

Eknath Shinde sworn in as Maharashtra CM; Devendra Fadnavis Deputy CM
News

Eknath Shinde sworn in as Maharashtra CM; Devendra Fadnavis Deputy CM

Latest News

INS Vikrant again for sea trials; this is the 4th stage; soon be a part of the Indian Navy

INS Vikrant again for sea trials; this is the 4th stage; soon be a part of the Indian Navy

Afghanistan: Grenade attack on seminary school; 8 injured

Afghanistan: Grenade attack on seminary school; 8 injured

50th Human Rights Council Session; India to protect women’s rights in Afghanistan

50th Human Rights Council Session; India to protect women’s rights in Afghanistan

 Landslide in Manipur: 81 killed, 18 bodies recovered

 Landslide in Manipur: 81 killed, 18 bodies recovered

PC George arrested: Action taken on a harassment case filed by the accused in solar case

PC George arrested: Action taken on a harassment case filed by the accused in solar case

Smoke appears from Spicejet Cabin: Flight immediately landed in Delhi

Smoke appears from Spicejet Cabin: Flight immediately landed in Delhi

Stop spreading false news about husband’s death: Actor Meena requested

Stop spreading false news about husband’s death: Actor Meena requested

A Hindu girl raped and converted to Islam

A Hindu girl raped and converted to Islam

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited