This is the first political opposition to the proposed merger of SBI associate banks with the parent
The mobile wallet player has been granted the in-principle approval for launching payments bank
Bank also committed to achieve target funding of 5,000 mw of clean energy
Interview with RBI Governor
Murugappa Group surrendered its in-principal approval for payment banks two months back
Good monsoon, efficient food management could address risks from inflationary pressures
Retains repo rate at 6.50% on the back of higher food inflation and expectations of rate action by US Fed
RBI keeps repo rate unchanged at 6.5 % as concerns on inflation and liquidity remain
RBI is also looking at other technology-based systems, trends for sale of receivables and unified payment interface systems
RBI Governor Rajan also said that he was 'personally intrigued by all the letters I am supposed to have written' on the issue
Decision will be reached after discussions, the RBI Governor said in a statement
The RBI also signalled the prospect of another cut later this year if monsoon rains dampen upward pressure on food prices
Tribunal's orders will set the final stage to hear arguments from both parties by the DRT
Markets would be interested in Rajan's take on the recently published GDP data
The FT report said the existence, size and investments of the highly profitable internal trading fund, which was set up three decades ago, have until now remained largely unknown outside a circle of f
The Reserve Bank of India had introduced the MCLR rates which became effective from April 1st to ensure that the rate of transmission becomes faster
RBI eased tier-I capital computing norms of PSU banks, by allowing them to add a of part revaluation gains on realty investments to their core capital
Govt to soon decide on SBI consolidation; Cabinet note moved, say sources