The new system would enhance the robustness of the present risk management system of the clearing corporations to enable them to deal with defaults of the clearing members much more effectively
FATCA, which took effect from July 1, may have significant implications for Indians residing in the US and investing in products offered by the Rs 10 trillion Indian mutual fund industry.<br />
Rajan was addressing the chief secretaries from 15 states and finance secretaries of 27 states and nine Union Territories
Reserve Bank of India Deputy Governor R. Gandhi said on Monday that the central bank is working with the finance ministry on the definition of deposits for financial entities beyond banks.
The CBI has begun a probe into the functioning of Pawan Bansal and Altius Finserv in the Syndicate Bank scandal. Here's a look at the rise of Bansal from a fixed income specialist to the man who corporates turned to for loans.
The element of criminality in a banking transaction ultimately hits the banks, which are guardians of tax payers' money
The thing with most politicians is that either they do not understand how a market operates or they pretend otherwise.
At present, the finance ministry plays a big role, not necessarily a constructive one, in the operations of public sector banks
The RBI has embraced inflation-targeting as its central policy stance even though Rajan is yet to openly admit that
The rise in public sector bad loans and the recent scams involving fraud at Syndicate Bank, Dena Bank and Oriental Bank of Commerce, the Modi government should not longer shun the P word - privatisation
The board has approved issuance of long term bonds or non-convertible debentures.
The Reserve Bank of India (RBI) on Thursday said the upside risks to inflation, which has been the focus of its monetary policy, still persist.
Here are the highlights from the annual report released by the central bank today.
Naidu is riding a tiger and it is difficult to get off unless some miracle happens, in the form of assistance from the Centre.<br />
With an aim to curb volatility in capital market, the Reserve Bank today asked NBFCs to maintain a loan-to-value (LTV) ratio of 50 per cent in case of lending against collateral of shares.
About Rs 436 crore is involved in the financial irregularities in these two banks. In a damage control exercise, both banks have suspended or transferred the 'erred' staff.<br />
With CBI, enforcement agencies, and the Supreme Court now energetically pursing bank and other scams, the Modi government has to act proactively to prevent another paralysis in decision-making
The surplus paid by the RBI for 2012-13 to the government was Rs 33,100 crore and this year's transfer was the largest ever by the central bank.
Financial Services Secretary GS Sandhu was reacting to recent media reports that RBI Governor Raghuram Rajan was looking to establish a COO position
Among the guidelines, the Finance Ministry has proposed to strengthen the Forward Markets Commission (FMC) with the power to cancel, suspend and debar the registration of an errant intermediary.<br />
Government has stake in the UTI Mutual Fund through public sector banks and insurance companies. State Bank of India, Punjab National Bank, Bank of Baroda and LIC hold stake in UTI Mutual Fund on behalf of the government.<br />
In the absence of a strong bank board, there are chances of political influences playing a part in the appointments of critical posts in public sector banks, experts warn.
In an attempt to bring in accountability to the positions, the government is likely to transfer MDs if banks fail to perform.<br />
The Finance Ministry has asked the banks to formulate women-friendly transfer policies so that they can get transfers at places where their husbands are working or parents are living.<br />
By suddenly making ATM transactions expensive, the RBI has broken the process of gradual transition to paperless banking and is sending people back to the congested bank branches to withdraw money.
What is needed is a roots and branches reform of appointment of auditors - appointment through blind referencing, as it were.
The Reserve Bank of India reduced free usage of other bank automated teller machines (ATMs) to three per month from five
United Bank of India managed to post a growth in net profit for the quarter, although the numbers were hit by a sequential rise in the provisions and weak growth in the net interest income.
It is better to treat stress associated with each banks separately. Consolidation can happen in the cases of stronger banks, where, as Rajan said, there will not be any problems to fix other than the merger itself.<br />
Small firms are facing stress, despite the current norms laid out by the Reserve Bank of India (RBI) requires banks to mandatorily lend a specific chunk of their total loans to such companies.