State Owned Banks

Raghuram Rajan to exit as RBI Governor: No country for good men

India will have to get a new RBI Governor from 4 September, when Rajan will return to Chicago University to resume as a tenured professor

RBI wants govt to dilute ownership in state banks

The report also reiterated its preference for foreign banks to establish subsidiaries in India, in a move that is aimed at ring-fencing their local operations from the overseas parents and bring them at par with Indian banks in terms of regulations.