Rajan has been fighting persistent rate cut demands, "schizophrenic" attempts to weaken RBI and even rumours about he being 'kicked up' from the Mint Street high seat
The RBI is tightening the screws against crony borrowers who manage to delay repayments and loan recoveries to banks endlessly using chinks in the system
The opening up of payment banks and small finance banks to a wide swathe of entrepreneurs will heat up competition for customers and pressure the big banks. Their margins will be under threat
The bank has received the approval from the Reserve Bank of India (RBI) to form a subsidiary to commence this business, the lender said in a release.<br />
The group now expects the RBI to cut its key lending rate, repo, by 0.5 percentage point beginning February changing its earlier call of status-quo in rates in first half of next calendar year.<br />
Of the 18 banks that have announced earnings so far, the sharpest rise in bad loans have come from three state-run entities-Indian Overseas Bank (IoB), Andhra Bank and Punjab National Bank
It is highly critical for the Modi-government to address the deterioration in the financial health of companies and, in turn, that of banks, if it is serious about what it preaches
The rupee has gained 1.89 percent against the dollar in the month to date
One critical issue Rajan and his colleagues acknowledged but has possibly underestimated is the bad loan scenario in the banking system
The RBI kept its key policy repo rate unchanged at 8.0 percent as widely expected, while expressing concerns about risks to its target to bring consumer inflation down to 6 percent by January 2016.<br />
Basel III raises the minimum required levels for both total tier I capital to 7 per cent and common equity tier I (CETI) capital to 5.5 per cent.
Several companies are planning to apply to become smaller banks, including some among those, which failed to win a banking licence in April.
Final guidelines for on tap universal banking licences will be issued in the current fiscal, Reserve Bank Deputy Governor R Gandhi said.
Draft guidelines for small and payments banks were issued by the RBI in July and comments were invited till August 28.<br />
The main features of the Jan Dhan Yojana include a Rs 5,000 overdraft facility for Aadhar-linked accounts and a RuPay Debit Card with an in-built Rs 1 lakh accident insurance cover.<br />
There is always a danger in offering freebies and if not handled properly, the yojana could be a major mistake in Modi's prime ministership
Once the company is given the tag of a wilful defaulter, neither the firm nor its promoters, can ever go back to banks or other financial institutions in that country to seek another loan.
The LIC is building a war-chest, possibly for absorbing disinvestment proceeds. Time for government to take its hands out of LIC's pockets
CBI sources said the enquiries will look into alleged irregularities in the extension of credit facilities by UCO Bank and Bank of Maharashtra in the borrowers account facilitated by Pawan Bansal of Altius Finserve
Prime Minister Narendra Modi on Thursday launched 'Pradhan Mantri Jan Dhan Yojana', aimed at bringing more people -- 7.5 crore households by FY18 -- under the banking fold.<br />
Prime Minister Narendra Modi on Thursday launched his government's mega scheme 'Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.<br />
In a circular on Thursday, the RBI said the foreign investors can buy government bonds through any "prevalent market practice".<br />
There should be a sea-change from the earlier occasions when offenders would tend to "ignore orders from Sebi" and the legal cases would drag on for years without recovery of any money, Sinha said.
The Supreme Court recently invalidated making of Aadhaar enrolment a precondition for government benefits.<br />
The objective of this is to bring awareness among the general public about the KYC simplification measures taken by the Reserve Bank in the recent times with a view to helping the common man in opening bank accounts
As many as 76 mega functions are being organised at different places to mark the launch of the scheme, under which the new account holders will be provided RuPay debit cards with an inbuilt insurance cover of Rs 1 lakh.<br />
RBI Deputy Governor R Gandhi today said "continuous vigilance and intelligence gathering" would be the central bank's key focus areas to prevent recurrence of frauds.
Last week, Finance Minister Arun Jaitley had said the government was taking steps to professionalise the management and help them strengthen the risk management system in the public sector banks.<br />
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.