While the govt did not commit to a timeframe, it was widely expected that Urjit Patel 1st monetary policy will be lead by the 6-member MPC
Interview with head of Corporate Finance India
Since these bonds are issued by companies, the subject fell in the purview of market regulator to take a final call
The benchmark Sensex rose 265 points or 0.9 per cent at 28,773, while the Nifty climbed 90 points or one per cent to close at 8,867
Rupee strengthens on dollar weakness, 10-year bond yield falls below 7%
The Reserve Bank of India has been opposing the sharing of such granular data with the FDMC, saying it would be a breach of privacy
As of June 30, Reliance Commercial Finance had total assets under management of Rs 16,451 crore
The survey is based on 2,500 manufacturing companies with a good mix of size and nature of activity
The base issue size is Rs 3,500 crore with an option of retaining an additional Rs 3,500 crore of subscription
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
In final speech, argues for independent central bank which has right to say 'no' to govt
Against a backdrop of tepid global growth, no other large economy is showing the growth potential apart from India, said Parekh
At the same time, he added, the central bank has to work under a framework set by the government
Beside bringing central banking to India's drawing rooms, Raghuram Rajan also built the RBI's credibility when other global central banks were fighting to preserve theirs
On Friday, rupee closed at 66.83 a dollar and foreign exchange reserves stood at $366.77 billion
The RBI said electronic report should be provided upon request and after due verification about the authenticity of the customer
Rajan said the head of the central bank should have a fixed tenure of more than three years as the current term was too short
The central bank, was expected by the analyst community, kept the policy repo rate unchanged at 6.5%