The reduction in base rates has been in the range of 0.1-0.5 percent so far
The Reserve Bank of India said the upper age limit for managing directors, chief executive officers and other whole-time directors in private banks is 70 years, in line with the Companies Act, 2013.<br />
Is Governor Raghuram Rajan bringing about a transition in the conservative RBI? His swift moves may seem so.
At least three large European banks' dealings with Indian companies and individuals are being probed for alleged round-tripping of funds by using certain multi-layered transactions in violation of regulator Sebi norms.<br /><br />
Given the high hurdles set by the RBI for issuing banking licences, one wonders why there are so many hopefuls. Maybe, owning a bank looks good on the CV.
RBI Deputy Governor K C Chakrabarty has said risk assessment capability of state-run banks is lower than private sector banks and asked PSBs to develop the habit of saying "no" to unviable proposals.
A day after Finance Minister P Chidambaram asked the Reserve Bank to speed up the process of issuing new bank licences, Governor D Subbarao today said it would be impossible to do it without meeting certain regulatory parameter
With the government staring at a slowing economy, triggered by a lack of reforms, the announcement could bring some cheer to investors, but needs to be cleared by parliament.
Ambit Capital has ranked Indian banks based on their on-and off-balance sheet risks and the extent of discretion they exercise on their balance sheet.