Foreign banks have stopped opening branches in India as they need to set aside a lot more capital due to the country's "higher risk" credit rating and they feel it is "not worth" doing so, Reserve Bank Governor Raghuram Rajan has said.
RBI Governor Raghuram is referred as one of the best bankers in the world. He is known to have candid views on state of affairs in the Indian and global economy.
New Delhi:Asserting that taxi hailing apps such as Ola and Uber must comply with its norms, the RBI said on Saturday it is not a “paper tiger” and will enforce all regulations irrespective of whether
RBI Governor Raghuram Rajan today questioned such an easy direct-to-public money transmission and said people may resort to saving rather than spending.
New Delhi: Reserve Bank of India is working on a new system for making public the list of wilful defaulters, while a new mechanism is being put in place for out-of-court settlement of bad loan-related
Warning against excessive banking regulation, RBI Governor Raghuram Rajan today said this may lead to activities shifting to shadow financial system
New Delhi: Asked to explain the “real causes” of ballooning bad loans at public sector banks, RBI Governor Raghuram Rajan has put the blame on “overall economic downturn”, among other reasons, in his submission to
New Delhi: RBI governor Raghuram Rajan, currently in the eye of the storm over his 'one-eyed is king among blind' remark, may be the most powerful person at the central bank, but he does not
New Delhi: This year’s TIME 100 list is out and it has six Indians on it. What is more celebratory for India is that actress Priyanka Chopra has one of the six special editions to
Raghuram Rajan on Wednesday seemed to offer the peace pipe to the Centre saying that the country's current growth rate reflects the hard work of the government.
New York: In a rebuttal to RBI Governor Raghuram Rajan’s remarks that India is ‘one-eyed king in the land of blind’, Finance minister Arun Jaitley today stated that the ‘Indian economy was growing much faster, in fact, the fastest’ as compared to th
New Delhi: Union Minister Nirmala Sitharaman was today critical of RBI Governor Raghuram Rajan's description of Indian economy as the "one-eyed king in the land of the blind", saying better words should have been used.
Reserve Bank of India (RBI) Governor Raghuram Rajan has described Indian economy as ‘the one-eyed man’ being king in the land of blind.
Reserve Bank of India (RBI) Governor Raghuram Rajan has promised to cut the key interest rates further if country sees good monsoon and inflation continues to ease.
New Delhi: A day after the Reserve Bank cut policy rate by 0.25 per cent, Deputy Governor S S Mundra today expressed hope that transmission of lower interest rate through banks will be more effective
RBI Governor Rahuram Rajan today said that the Central bank will gauge overseas accounts of Indians named in the Panama Papers leaked on Monday and check for their legitimacy.
At the new fiscal's first bi-monthly monetary policy review today, Reserve Bank of India (RBI) Governor Raghuram Rajan cut interest rates by 25 basis points, thanks to a lower inflation outlook.
At the new fiscal's first bi-monthly monetary policy review today, Reserve Bank of India (RBI) Governor Raghuram Rajan is widely expected to cut interest rates by at least a quarter of a percentage point on the back of the Union Budget's fiscal prude
Key benchmark index BSE Sensex today surged over 400 points while the broader index NSE Nifty reclaimed 7,700 mark in trade mainly on account of firm global cues and buying in frontline bluechip counters.
Raghuram Rajan for new global pact to deal with monetary policy issues
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