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Extreme weather events put $84 billion of Indian bank debt at risk
The banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed the effects of cyclones and floods on loan repayments in farming and related sectors. Lenders accounted for 87% of the total risk, valued at about $97 billion, across 67 top Indian companies that responded to CDP.
RBI restricting banks from raising stakes in insurance firms: Report
Reserve Bank of India (RBI) rules allow banks to hold up to 50% stakes in insurers and on a selective basis equity holdings can be higher but must eventually be brought down within a certain period.
The central bank in 2019 unofficially advised banks seeking to acquire stakes in insurers, to limit such stakes to a maximum of 30%, and more recently directed them to cap stake purchases in insurers at 20%.
Centre allows all private hospitals to administer Covid-19 vaccine
“Private hospitals not empanelled under the above-mentioned three categories have also been permitted to operate as COVID Vaccination Centres (CVCs) if they have adequate number of vaccinators, adequate space for observation of the vaccinated, adequate cold chain arrangement and adequate arrangement for management of Adverse Events Following Immunisation(AEFI),” the statement said.
In addition to all the government health facilities, all private hospitals empanelled under the CGHS, the AB-PMJAY and the state health insurance schemes can function as CVCs, subject to them mandatorily adhering to certain norms, the statement said.
India reports 14,989 fresh COVID-19 cases
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