Ss Mundra

Is it a game of 'pass the parcel'? High startup valuations worry RBI dy guv Mundra

There is a need to exercise some caution in this regard, he said

RBI to issue small finance bank licences in a few days, says deputy guv Mundra

The RBI had received 72 applications for small finance bank licences.

RBI's Mundra calls for regulating electronic funding platforms

RBI deputy governor SS Mundra said bringing in regulations for electronic platforms will make it easier to regulate their activities.

RBI to allow new kind of NBFC as account aggregator

RBI also proposes to recommence the Financial Inclusion Advisory Committee to take the financial inclusion agenda forward, Deputy Governor SS Mundra, said.

RBI says Rs 7,940 cr to recapitalise banks insufficient, seeks more funds

Last fiscal, government infused Rs 6,990 crore in nine public sector banks based on their performance.

RBI blames regulatory vacuum for rising fraudulent ponzi schemes

Ponzi schemes are fraudulent investment schemes, wherein people are promised high returns without having to assume commensurate level of risks.

Money transfer firm Western Union renews tie-up with India Post

The Department of Posts is among 41 entities and individuals who are in the race to enter the soon to be introduced payments banking domain.

RBI, Central Bank of Seychelles sign MoU on information exchange

The MoU was inked by C Edmond, First Deputy Governor, CBS and SS Mundra, Deputy Governor of the RBI, the central bank said in a statement today.

RBI expects banks to pass on rate cut benefits to customers

The Reserve Bank has lowered interest rates by 0.50 percent since January 2015, but banks are yet to pass on the benefits to borrowers.

Former Bank of Baroda chairman assumes office as RBI Deputy Governor

Commercial banker Subhash Sheoratan Mundra has assumed office as the fourth deputy governor of the RBI.