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RBI unveils tighter regulatory norms for ‘too-big-to-fail’ banks

The RBI today set out a framework for identifying and dealing with large banks, termed domestic systemically important banks or D-SIBs.

A size beyond 2 per cent of GDP will be one of the criteria for designating a bank as a D-SIB and it will be subject to higher capital requirements, according to the Reserve Bank of India.

The other three criteria for designating a bank as a D-SIB are: interconnectedness; lack of readily available substitutes or financial institution infrastructure; and complexity.

The RBI framework comes as a solution to the problems faced during the global financial crisis of 2008, when such large institutions hampered the functioning of the financial system, negatively impacting the real economy.

D-SIBs are perceived as banks t ......

BRICS for a new bank

What might have been dismissed as an impossibility just five years ago is now a reality. Defying sceptics and critics, five countries that between them account for 40 per cent of the world’s population and 20 per cent of its GDP have signed an agreement to create a development bank to provide financial assistance to developing countries and emerging market ec

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Gadget Gyan

Lava has announced its first phablet, the Lava Magnum X604, that comes with a 6” IPS HD display and Android 4.4.2 KitKat on-board.

Price: Rs 11,999

Other specs for the device include a quad-core processor clocked at 1.2GHz with 1GB of RAM support. Additionally, this mid-ranger from Lava comes with 8GB of internal storage along with expandable storage via microSD card. At its back, the device hosts a 8MP primary camera while its front hosts a 2MP secondary camera.

The Lava Magnum X6