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RBI seeks to regulate peer-to-peer platforms

Apr 28, 2016

RBI seeks to regulate peer-to-peer platforms

The Reserve Bank of India for the first time proposed rules for peer-to-peer lending, seeking to regulate a growing sector with potential measures including requiring minimum capital of Rs 2 crore or prohibiting them from promising "extraordinary returns." #RBI #Rules #Feedback #peer-to-peer lending
Raghuram Rajan wants administrators to come out of cocoon, identify ground reality of system

Apr 26, 2016

Raghuram Rajan wants administrators to come out of cocoon, identify ground reality of system

Raghuram Rajan told the officialdom to get out of their self-made cocoons and feel the world, which is perhaps the best suggestion towards reform ever made #Economy #RBI #Narendra Modi #InMyOpinion #IAS #Raghuram Rajan #RBI Governor #Aadhar #policy reform #Administrators #Stand up India #IIPA Maharashtra
Supreme Court asks government to set up a panel to probe bad loans

Apr 26, 2016

Supreme Court asks government to set up a panel to probe bad loans

The Supreme Court on Tuesday asked the Union Finance Ministry to inform about the mechanism in place for recovery of huge Non-Performing Assets (NPAs) #RBI #Supreme Court #NPA #bad debt
Raghuram Rajan, Priyanka Chopra, Sania Mirza among Time's 100 most influential people

Apr 21, 2016

Raghuram Rajan, Priyanka Chopra, Sania Mirza among Time's 100 most influential people

RBI Governor Raghuram Rajan, tennis star Sania Mirza, actress Priyanka Chopra, Google CEO Sundar Pichai and founders of Flipkart Binny Bansal and Sachin Bansal have been named by Time magazine in its list of the '100 Most Influential People in the World'. #Priyanka Chopra #RBI #Narendra Modi #Sachin Tendulkar #NewsTracker #Time magazine #Christine Lagarde #Sania Mirza #Raghuram Rajan #Padma Bhushan #Flipkart #Binny Bansal #Leonardo DiCaprio #Sundar Pichai #Sachin Bansal #Influential People
RBI asks banks not to treat default by some firms as NPA in Q4

Apr 21, 2016

RBI asks banks not to treat default by some firms as NPA in Q4

In view of mounting bad loans eating into banks' profits, RBI has allowed them to exclude from provisioning stressed loans of certain companies in the fourth quarter numbers. #RBI #Jaiprakash Associates #IDBI Bank #PSU banks #bad loans #BoB #NPA provision
Jaitley says global scenario grim, but pegs India growth at 8.5% on likelymonsoonboost

Apr 20, 2016

Jaitley says global scenario grim, but pegs India growth at 8.5% on likelymonsoonboost

Jaitley also reform measures such as making it easier for companies to invest in India, working to streamline taxes and overhauling how bankruptcy is done are being undertaken #Economy #Donald Trump #GDP #RBI #Raghuram Rajan #GST #Reforms #Rate Cuts #Finance Minister Arun Jaitley #bankruptcy code
Rajan says currency market intervention will continue to curb volatility

Apr 19, 2016

Rajan says currency market intervention will continue to curb volatility

India's foreign exchange reserves swelled to a record high of $360 billion for the week ended 1 April #Inflation #RBI #Rupee #Raghuram Rajan #Monsoon #forex reserves #Forex #Rate cut
Payments, small finance banks yet to devise a viable business model: SBI chief

Apr 19, 2016

Payments, small finance banks yet to devise a viable business model: SBI chief

Bhattacharya's comments come within a fortnight of RBI saying it will allow differentiated lenders like custodian and wholesale banks #Reliance Industries #RBI #Arundhati Bhattacharya #Payments Banks #Small Finance banks #SBI Chairperson