RBI eases norms for power utility debt holding
The RBI has relaxed its norms for banks holding bonds of debt-ridden State Electricity Boards (SEBs). Banks have reportedly been allowed to keep Ujwal Discom Assurance Yojana (UDAY) bonds under the held-to-maturity (HTM) category. HTM refers to a part of debt holdings which are not subjected to daily price movement and can be held by banks till maturity.