Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks The Reserve Bank of India (RBI) on Friday proposed to float wholesale and long-term finance (WLTF) banks that would fund long-term high-value projects - something similar to the development finance institutions (DFIs) of the past. “Going forward, considering the existing landscape of banking and non-banking services in the country, it is felt that there is a need to explore the possibilities of permitting ... Rediff.com, 2 weeks ago
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Barry Eichengreen, professor of economics and political science, University of California, Berkeley, analyses the transparency of the Reserve Bank of India, the growth rate of the Indian economy and why he feels globalisation can never be rolled back. Illustration: Dominic Xavier/Rediff.com. Barry Eichengreen, professor of economics and political science at the University of California, Berkeley, says the rupee could become one of the top five global currencies in the world in 20 to 30 ...Rediff.com, 2 weeks ago
No deadline has been set for introduction of Sharia or interest-free banking in India, the Reserve Bank of India (RBI) has said. Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam.Deccan Herald, 2 weeks ago RBI 'no' to sharing FinMin reply on Islamic banking Rediff.com, 1 month ago
There is a new game face in town. It is said revenge brings anger as added pressure results in cussedness and assertiveness, which creates disruptive behavior and face offs. When independent authority is challenged or not given due importance, then anger ...The Financial Chronicle, 1 month ago
MUMBAI - Denny Jose, a small-town caterer in the southern Indian state of Kerala, was closely watching the RBI meeting last week. Newspapers and markets were forecasting the Reserve Bank of India would cut its key rate by a quarter of a percentage point. But ...Sify, 2 months ago
'The critics are getting carried away.''The challenge for the RBI is not any erosion of autonomy caused by demonetisation.''It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan. IMAGE: Reserve Bank of India Governor Dr Urjit Patel, right, with his predecessor Dr Raghuram Rajan. Photograph: PTI PhotoThe demonetisation decision 'had been preceded by consultations on the subject during the tenure of the previous governor, Raghuram Rajan,' says T ...Rediff.com, 2 months ago
By Suvashree Choudhury and Rafael Nam | MUMBAI MUMBAI The Reserve Bank of India (RBI) kept its policy rate on hold on Wednesday and unexpectedly signalled an end to its longest easing cycle since the global financial crisis, saying inflation poses a ...First Post.com, 2 months ago
Senior BJP leader Sushil Kumar Modi today asserted that the issue of according "special category status" to Bihar did not arise as the very concept had been rejected by both the Raghuram Rajan Committee and the Finance Commission.DNA, 2 months ago
Terming the demonetisation as"ill-conceived", former Finance Minister P Chidambaram todaysaid the economy won't grow at more than 6 to 6.5 per cent forthe next two fiscals due to the damage caused by the move. Former RBI Governor Raghuram Rajan had ...Money Control, 2 months ago Modi govt must have consulted RSS pracharak on note ban: PC Rediff.com, 2 months ago
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