India is probably the only country where jewellers to manufacturing companies to builders can pick up money from the public without coming under any regulation, notes Debashis Basu. Image: Chain-money schemes are being regulated by Sebi when it is a deposit-taking activity and should be regulated by the RBI, note experts. Photograph: Fayaz Kabli/Reuters According to a newspaper report, Prime Minister Narendra Modi is seeking to revamp financial sector regulations. For this, he wants a ... Rediff.com, 1 week ago
According to a newspaper report, Prime Minister Narendra Modi is seeking to revamp financial sector regulations. For this, he wants a report on the implementation of recommendations of the Financial Sector Legislative Reforms Commission (FSLRC). ...Business Standard India, 1 week ago A Swachh FinancialSector Abhiyan? Business Standard India, 1 week ago
If India had a monetary policy committee in place, along the lines suggested by RBI deputy governor Urjit Patel, it is possible the central bank may have cut the repo rate last September. As it turns out, the RBI tells us, four of the seven external ...Financial Express, 1 month ago 4 RBI Board Members Favoured Rate Cut New Indian Express, 1 month ago Majority of RBI advisors backed interest rate cut in September meeting Livemint.com, 1 month ago
Mumbai, Oct. 22 (PTI): Reserve Bank governor Raghuram Rajan had turned down the advice of the majority of external members of the monetary policy advisory committee to cut interest rate and decided to maintain the status quo in the September 30 ...Calcutta Telegraph, 1 month ago Raghuram Rajan chose status quo against TAC's call for rate cut ZeeNews.com, 1 month ago Majority TAC members wanted rate cut, Rajan chose status quo Business Standard India, 1 month ago Most TAC members wanted rate cut, Rajan chose status quo Moneycontrol.com, 1 month ago
Alok Prasad , chief executive officer of Microfinance Institutions Network (MFIN), a lobby group for the Indian microfinance industry that recently got the status of a self-regulatory organization from the banking regulator, says we did not waste a ...Livemint.com, 1 month ago
There is something common between the finance minister of India, most of India's poor and some of India's rich—financial exclusion. The last category chooses to exclude itself. The middle one is excluded and the first one—the minister—is being ...Livemint.com, 1 month ago
A chain is as strong as its weakest link. Is there one in our banking system? Well, this may sound harsh, but the universe of urban co-operative banks (UCB) seldom gets the attention it deserves and, when ...Businessworld India, 1 month ago
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