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Government, NBFCs ask RBI to dilute PCA rules; board meeting today

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The government and NBFCs on Monday put the pressure on the Reserve Bank of India and asked it to dilute the prompt corrective action (PCA) framework under which loss-making banks have been stopped from lending, said people familiar with the matter.

Market Movers

CompanyPriceChange%Gain
Maruti Suzuki7,432.70 167.30 2.30
Titan Company1,782.55 25.55 1.45
Bajaj Finserv12,282.25 150.60 1.24
ONGC123.35 1.30 1.07
M&M781.95 6.75 0.87
CompanyPriceChange%Gain
Maruti Suzuki7,432.95 169.20 2.33
Titan Company1,783.00 26.20 1.49
Bajaj Finserv12,280.80 147.75 1.22
M&M781.90 6.50 0.84
UltraTechCement6,903.70 47.20 0.69
CompanyPriceChange%Gain
Maruti Suzuki7,432.70 167.30
Titan Company1,782.55 25.55
Bajaj Finserv12,282.25 150.60
ONGC123.35 1.30
M&M781.95 6.75
CompanyPriceChange%Gain
Maruti Suzuki7,432.95 169.20
Titan Company1,783.00 26.20
Bajaj Finserv12,280.80 147.75
M&M781.90 6.50
UltraTechCement6,903.70 47.20

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.2700-0.0950-0.13
Euro-Rupee88.5440-0.1910-0.22
Pound-Rupee103.5270-0.1410-0.14
Rupee-100 Yen0.6700-0.0020-0.29