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About 49 results for "rbi rsquo"

Raghuram Rajan is back with I Do What I Do
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Raghuram Rajan is back with I Do What I Do

RBI ex-governor’s book on ‘those turbulent but exciting times’ to be launched on Sept 5 in Chennai. Exactly a year after leaving the Reserve Bank of India as its governor, Raghuram Rajan is coming out with a new book containing his commentary and speeches. According to HarperCollins India, which is the publisher of the book, it would offer “a front-row view” of his tenure at the central bank in “those turbulent but exciting times”. The book is titled I ... Rediff.com, 4 weeks ago
Rediff.com

Alarming rise in banking frauds, warns RBI

It adds that banks could be hiding some of the fraud cases, masking these as bad debt The Reserve Bank of India’s (RBI) financial stability report (FSR) has warned that frauds in the banking system were rising alarmingly. And banks could be hiding some of the fraud cases, masking these as bad debt. “Almost all corporate loan- related fraud cases get seasoned for two to three years as NPAs (non-performing assets) before they are reported as fraud,” it said. In the past five ...
 Rediff.com2 months ago

Of Sudarshan Chakra, Shishupal, and PSU banks

Does the Union government or the RBI see itself as Krishna beheading Shishupal and what will constitute the 101st or indeed the past many sins for which a Sudarshan Chakra will have to be used? More importantly, what are those sins? Were they the acts of nationalising those banks or providing loans to unviable projects without following prudential norms or the government use of PSU banks for meeting its social goals or recapitalising them without any performance criteria, asks A K ...
 Rediff.com12 hours ago
Rediff.com

DeMo might not have been a success after all: Raghuram Rajan

'The RBI risks becoming dangerously weakened, as successive governments and finance ministers have misunderstood its role'. Former Reserve Bank of India (RBI) governor Raghuram Rajan has reiterated his concerns over the bureaucracy impinging on the powers of the central bank. He has also said it should be made clear that the RBI chief is not just another bureaucrat.   “There is a danger in keeping the position (of the RBI governor) ill defined, because the constant effort of the ...
 Rediff.com2 weeks ago
DNA

It was totally a flop show: Mamata Banerjee's response after RBI's demonetization data

West Bengal CM and TMC Chief Mamata Banerjee has lashed out at RBI and the central government after the central bank said that nearly 99% of the old notes are back in their Annual Report. Mamata Banejee, who was one of the most vocal critics of cash ban left ...
 DNA3 weeks ago
Rediff.com

Home loans loot: Whose side is RBI on?

It is clear as daylight to anyone that a charge or a cost to simply reduce interest on a floating rate loan is extortion, but this is exactly what the RBI has officially sanctioned, says Debashis Basu. Illustration: Uttam Ghosh/Rediff.com A few days ago all newspapers carried a story headlined “RBI not satisfied with MCLR (marginal cost of funds based lending rate), asks banks to lower rates further”. Many were probably impressed that the Reserve Bank of India (RBI) was trying to ...
 Rediff.com3 weeks ago
Rediff.com

Guess why RBI is introducing Rs 200 notes

With the introduction of new notes, India will have denominations of Rs 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2000. The Reserve Bank of India (RBI) will issue Rs 200 notes soon, possibly at the end of August itself, filling the missing link between Rs 100 and Rs 500, and thus facilitating ease of exchange for common public. The finance ministry on Wednesday notified the introduction of the new notes. The decision to introduce the new note was taken by RBI board in March.   Introduction ...
 Rediff.com4 weeks ago Leaked! Rs 200 note to be launched tomorrow; here's the First look  catchnews.com4 weeks ago First-ever Rs 200 notes to come out on Friday  Rediff.com4 weeks ago
Rediff.com

Opposition slams Modi's I-Day speech, says nothing spectacular

Prime Minister Narendra Modi’s Independence Day speech on Tuesday drew flak from the Opposition, with the Congress describing it as “most disappointing” and the Left downplaying it as “nothing spectacular”. In I-Day speech, PM Modi says bullets or abuses won't help resolve Kashmir Senior Congress spokesperson Anand Sharma said Modi had not shown “sensitivity” to the Gorakhpur tragedy -- the death of infants in a UP hospital -- by comparing it ...
 Rediff.com1 month ago Opposition dubs note ban 'biggest scam', 'money laundering exercise'  Rediff.com3 weeks ago Congress questions PM's demonetisation figures in I-Day speech  Rediff.com1 month ago
Rediff.com

RBI rate cut: Why it's good news for investors

Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts The markets might have been unimpressed by the Reserve Bank of India (RBI)’s rate cut of 25 basis points, as being largely along expectations and priced in. Yet, investors could take some cues  from the event. A clear indication is that consumption demand is likely to remain healthy, aided by rural India. A consecutive normal monsoon so far, leading to a good kharif crop, and a boost ...
 Rediff.com1 month ago
Rediff.com

RBI cuts key rate by 0.25%; loans to be cheaper

The banking sector in India is reeling under Rs 8 lakh crore of non performing assets or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.                 The Reserve Bank on Wednesday cut its key lending rate by 0.25 per cent - first time in 10 months – to about 7-year low of 6 per cent, a move which is likely to translate into lower interests rates for home, auto and other loans as also boost economic activity. Citing record ...
 Rediff.com1 month ago CAG's questions over recapitalisation of PSBs bode ill for banking sector  catchnews.com1 month ago
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