Subhash Chandra Garg had refused to sign on the report finalised by the former Reserve Bank of India (RBI) governor Bimal Jalan-led committee
They are going to cut rates in August and again later, mainly due to low growth and weak inflation, said an economist
The mission of the framework, named Utkarsh 2022, would be to "promote the economic and financial well-being of the people of India
The Reserve Bank's next policy review meet is scheduled to be held from August 5th to 7th
Acharya's boss at the central bank, Shaktikanta Das, says a continuous and prolonged dependence on the government's capital infusion into banks can breed inefficiency
RBI likely to ask core investment firms to merge; Birla group takes the cue
Experts said while market perception on NBFCs remains weak, new valuation norms for liquid schemes have also contributed to the fall in MF funding
The committee has recommended a periodic review of the RBI's economic capital framework, according to a source
This is one of the highest penalty amounts on any bank in the recent past
The proposed mobile app would be able to identify the denomination of notes of Mahatma Gandhi Series and Mahatma Gandhi (New) series
Presently, the markets close at 5 pm
In India, the LEF applies to all banks, apart from the regional rural banks
Transmission of interest rates, sectoral concerns to figure in talks end-July
The Finance Minister would apprise the board of various other announcements made in the Budget to spur growth
The decision follows concerns that a broader financial crisis may emerge as firms like Dewan Housing Finance Corp. and Anil Ambani's Reliance Capital Ltd. struggle to find fresh funding
The Reserve Bank of India will hold a reverse repo auction of Rs 250 billion of 63-day duration on today
What's dawning on all concerned is there is simply no way that state-run banks can dole out equal hikes to their staffers as has been the practice through the decades
Interference by finance ministry in the working of Reserve Bank of India is glaring
Shwanathan is known to be one of the key architects behind the revised norms
His existing tenure was to end Wednesday, July 3.