Financial Stability

PMC Bank fallout: Cabinet clears amendment to banking laws to strengthen cooperative banks; RBI nod to be made mandatory for appointments

The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the RBI.

RBI governor Shaktikanta Das named Central Banker of Year 2020-Asia Pacific by London-based magazine

Shaktikanta Das has been credited for being proactive in providing assistance to India's smaller banks.

Facebook, Google, Amazon and other Big Tech could be forced to share data on fintech services customers

The FSB said players including Microsoft, Amazon, eBay, Baidu, Apple, Facebook and Tencent, have massive databases, while some offer asset management, payments and lending.

Financial stability a key metric for monetary policy now: RBI Governor Shaktikanta Das

Financial stability has emerged as a key consideration for monetary policy formulation in the post-2008 financial crisis world beyond the imperatives of inflation and growth, Reserve Bank Governor Shaktikanta Das said on Monday

Operational independence of central banks like RBI key for carrying out responsibilities: IMF

The RBI played a vital role in ensuring economic and financial stability, and was an important counterpart and partner for the IMF, Gerry Rice, IMF Director, Communication, said

IMF chief economist supports RBI; says government should heed central bank's message on financial stability

The IMF's chief economist Maurice Obstfeld said he does not want politicians "manipulating" central banks for political ends.

PNB fraud case raises questions about how businesses are managed and failures handled

The widespread panic, both with regards to the NPA crisis, the debate over depositor protection, and bank frauds is perhaps linked to the larger question of government credibility.

Warning bells ring louder as the highly volatile price of Bitcoin crosses the $18,000 mark

While bitcoin has added another fifth to its value since Monday, trading has been slightly calmer than the wild price swings the market seen recently.

RBI autonomy important, retain its special status, says Montek Singh Ahluwalia

Earlier, the issue of RBI's autonomy was raised by Nobel laureate Amartya Sen and former governors Y V Reddy and Bimal Jalan.

Raghuram Rajan’s pitch for RBI autonomy: Three reasons why it is crucial in the current context

In his three-year term at RBI that began on 4 September, 2013 Rajan has mostly sought to play down the differences between the central bank and the government or on RBI’s autonomy, suggesting there is a healthy relation between the two establishments.