Opening of new banks will not be easier this time: RBI

K C Chakrabarty, the deputy governor, RBI is the latest individual who has jumped onto the more banks equals fewer Ponzi schemes, bandwagon and said that failure of formal banking system leads to people investing in ponzi schemes.

6 comments Sucheta Dalal | 16/04/2013 08:18 PM | An RBI deputy governor explains with great clarity the customers problems and also the solutions, but prefers to remain passive Not long ago, Reserve Bank of India (RBI) deputy governor Dr KC ...

The Reserve Bank of India is exploring the possibility of enshrining financial inclusion in the Code of Bank's Commitments to Customers, according to K.C. Chakrabarty, Deputy Governor. The Code, which is voluntary, sets minimum standards of banking ...

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By Sudeep Jain MUMBAI--India's central bank expects the sharp fall in global commodity prices to ease domestic inflation, a senior bank official said Tuesday. "If commodities prices come down, inflation will come down. So, we are happy about that," ...

circular of the National Housing Bank says no penalty or fee for prepayment of home loans can be charged, provided the interest rates are floating and not fixed. The NHB is the regulator for housing finance companies like Housing Finance Development ...

there is a large hospital chain of national scale. Doctors are salaried employees and they're found to be prescribing medical products that are harmful to their patients. They recommend these products as they carry higher kick-backs from the drug ...

No amount of regulation or supervision can save an institution if the top management is not sensitive enough about what is good for their bank. The board and senior management are the first line of defense at the banks and we, as supervisors, place ...

RBI's unwillingness to effectively regulate banks has repercussions on access to financial products. Monika Halan Shyamal Banerjee/Mint Also Read Imagine this: there is a large hospital chain of national scale. Doctors are salaried employees and ...