BSE said these 52 companies ceased to fulfil eligibility criteria and hence would not be available for trading in the securities lending and borrowing or SLB segment
Due to a reduction in the loan to value ratio to 60% by the RBI in April, the return on average retail loan for Muthoot Finance dropped to 4.1% from 4.5% last year
The RBI’s report on Macroeconomic and Monetary Developments further said the potential growth rate has moderated to 7.5% from 8% earlier due to a host of global and domestic factors
Mumbai: The Reserve Bank of India on Monday said India’s economic growth in 2012-13 is likely to fall below the revised potential of 7.5% due to a host of global and domestic factors, reports PTI.
“Growth in 2012-13 is likely to remain below potential. Newer risks to growth have arisen from slowing global trade, domestic supply bottlenecks of industrial inputs, coal and electricity and less-than-satisfactory monsoons,” RBI said in a report released on the eve of the first quarter review of monetary policy.
The apex bank’s report on Macroeconomic and Monetary Developments further said the potential growth rate has moderated to 7.5% from 8% earlier.
“Outlook for growth looks weak and substantially affected by global headwinds, inflation and policy uncertainty,” it said.
The central bank suggested some quick-fixes to the policymakers that will help revive the sagging growth pace.
“Removing constraints on FDI (foreign direct investment) and improving the investment climate by moving quickly to address bottlenecks in the infrastructure space are important,” it said.
Quarterly growth dipped to a nine-year-low to 5.3% during the January-March period, while the same for FY12 came at 6.5%, lower than the 6.7% observed during the peak of the global credit crisis in 2008-09.
This had led to a rash of downgrades in estimates by multilateral agencies and analysts, with some pegging it as low as 5.3%.