States switch to old pension scheme Major step back: RBI article

Recently some states have announced reversion to OPS from NPS. (representative) Mumbai: States reverting to the old pension scheme is a “major step back” and could bring states’ fiscal stress to “unsustainable levels” in the medium to long term, according to a paper by RBI staff. The article by Rachit Solanki, Somnath Sharma, RK Sinha, … Read more

RBI issues revised guidelines for banks’ investments

RBI said the revised guidelines for banks will be effective from April 1, 2024 (File) New Delhi: The Reserve Bank of India on Tuesday issued revised guidelines for classification, valuation and operation of investment portfolio of commercial banks, which will come into effect from April 1, 2024. Banks will have to categorize investments into three … Read more