New Delhi: Worried over a further rise in bad loans, especially among large companies, Finance Minister P Chidambaram today exhorted PSU banks to effectively deal with non-performing assets (NPAs), their biggest challenge.Addressing a press conference
Mumbai: Under flak from various quarters for raising rates, RBI Governor Raghuram Rajan today said the central bank is committed to the “strongest growth possible” and is on the same page as the Finance Ministry
Mumbai: RBI Governor Raghuram Rajan went against the majority view in the bank's technical advisory committee (TAC) while announcing a surprise 0.25 per cent hike in key rates in the January 28 policy review, as
New Delhi: People without a bank account in India would soon be able to withdraw cash from an automated teller machine (ATM) with the use of mobile technology, Researve Bank of India Governor Raghuram Rajan
Mumbai: The Reserve Bank today allowed banks to refinance existing infrastructure project loans through take-out financing agreements with any financial institution. “Banks can refinance their existing infrastructure project loans by entering into take-out financing agreements
Mumbai: In a major respite to banks who are facing NPA problems, the Reserve Bank today said restructuring of a bad loan should be done in such a manner that shareholders, including promoters, bear the
Mumbai: Reserve Bank today said all pre-2005 currency notes can be used for commercial transaction only till March 31 but could be exchanged at banks even after this deadline.“All older series of banknotes issued prior
Mumbai: The Reserve Bank on Tuesday said growth is expected to fall below 5 per cent in 2013-14 in absence of pick-up in manufacturing sector, but likely to recover to 5.5 per cent in the
New Delhi: Reserve Bank Governor Raghuram Rajan today said the order withdrawing all currency notes printed before 2005 was not an attempt at demonetisation or had anything to do with the general elections.He also made
Mumbai: A panel set up by the RBI has called for establishing differentiated lenders, including one for small businesses and low-income households. The bank for small businesses, called the ‘payments banks', will focus on providing
Mumbai: Recommending sweeping changes in the banking structure, an RBI panel today suggested setting up of specialised banks to cater to low income households to ensure that all citizens have bank accounts by 2016. It
New Delhi: RBI Governor Raghuram Rajan Thursday met Finance Minister P Chidambaram and discussed the macroeconomic situation."We exchanged our views on the current macroeconomic situation," Rajan told reporters after the meeting, which was also attended
Mumbai: Private sector lender Yes Bank today said it has raised a seven-year loan of USD 150 millionfrom World Bank group member IFC for onlending to small businesses. The bank has swapped the loan under
Mumbai: Companies should make corporate governance a part of their internal process where it does not remain a mere form filling or box ticking exercise, ICICI Bank's non-executive chairman K V Kamath said here today.“Do
Mumbai: Bankers today ruled out a reduction in interest rates even as the Reserve Bank kept key policy rates on hold.Bank of India Chairperson V R Iyer said there was no room for cutting lending
Mumbai: Reserve Bank Governor Raghuram Rajan today said the central bank is contented with reduction in the volatility of the rupee.“We are happy with the reduction in volatility and that was our aim right through.
New Delhi: With food prices showing no signs of abatement, the Reserve Bank is likely to hike its key policy rate by 0.25 percent Wednesday, the third straight increase under Governor Raghuram Rajan as part
Mumbai: To contain rising bad loans, which is likely to touch Rs 3 trillion mark this fiscal, RBI today proposed a slew of measures, including incentives to banks for tackling an account timely and penalising
Purnia: Chief Minister Nitish Kumar today said his demand for grant of special category status to Bihar is not “an alm from the Centre” but a right and he will not rest till the Centre
Kolkata: RBI Governor Raghuram Rajan today asked all regulators to be more vigilant in the wake of fraudulent money-pooling schemes and said there was a need to expand the reach of country's banking system. “Chit
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