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About 103 results for "rbi rsquo"

Interim COO at RBI not possible: FinMin
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Interim COO at RBI not possible: FinMin

Creation of a job of interim chief operating officer with a deputy governor’s rank at the Reserve Bank of India (RBI) is not possible, the Union government said on Wednesday.   “An interim COO cannot happen as the law does not allow this. The (RBI) Act has to be amended first. There is no ambiguity on that,” said G S Sandhu, secretary, financial services. “We have not got any proposal so far (from RBI on a COO). Once the proposal comes, we will have to address ... Rediff.com, 6 days ago
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5 takeaways from RBI's policy review

There are enough dovish signals in the governor’s statement to indicate a pro-growth policy going forward.In line with market expectations, Reserve Bank of India governor Raghuram Rajan on Tuesday left key interest rates unchanged. The repo rate and cash reserve ratio (CRR) remained at 8 per cent and 4 per cent, respectively. However, the RBI cut statutory liquidity ratio (SLR) by 50 basis points to 22 per cent in an attempt to free up resources for banks. Though the governor seems more ...
 Rediff.com3 weeks ago
Jagran Post

RBI asks banks to disclose sector-wise loans from next fiscal

"Banks are advised to disclose sector-wise advances in the ‘Notes to Accounts’ to the financial statements as per the format...from the financial year 2014-15 onwards," the RBI said in a notification.      Banks may also ...
 Jagran Post2 months ago RBI flags high credit growth of some banks  Rediff.com2 months ago Can public sectors banks clean up the rot within?  Rediff.com1 week ago Syndicate Bank fiasco: A lesson for PSU banks  Rediff.com3 weeks ago
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Forex reserves fall to $312 bn

The country’s foreign exchange reserves fell $274 million to $312 billion for the week ended May 30, show RBI data released on Friday. Foreign currency assets, a key component of reserves, fell $269 million to $285 billion. Gold reserves remained unchanged during the week. For the week under review, the Special Drawing Rights (SDRs) fell $3.3 million to $4.45 billion, while the country’s reserve position with the International Monetary Fund was down $1.2 million to $1.68 billion.
 Rediff.com2 months ago
Rediff.com

18 countries struggling with inflation worse than India's

Inflation has been on of the biggest barrier to India’s growth for the past few years. RBI has kept a tight fist on interest rates, which many believe is holding back recovery. Simply put, companies can only expand if they get to borrow money at reasonable cost and there is enough liquidity. Many countries world over are caught in the similar situation as India. Some, such as Venezuela and Syria have inflation over 50 per cent. This means, the price of commodities in the countries is ...
 Rediff.com2 months ago India 'committed' to tackling rising inflation  Himalayan times2 months ago India's June inflation eases  Himalayan times1 month ago India on its way back to 7% growth, 6% inflation: Citigroup  Rediff.com2 weeks ago
Rediff.com

RBI's '007' Rajan faces pro-growth boss in Modi

Hailed as a troubleshooting ‘James Bond’ of central bankers amid India's currency crisis last year, Raghuram Rajan was given a licence to kill inflation with higher interest rates and drive a programme of monetary policy reforms. Now, the governor of the Reserve Bank of India may need all the suave charm of the fictional British spy to sell that same hard-nosed agenda to a powerful new prime minister who is determined to revive economic growth and create jobs. Rajan, who calls high ...
 Rediff.com2 months ago
Rediff.com

RBI issues draft charter of customer rights

The Reserve Bank of India (RBI) on Friday issued the draft of a charter comprising five basic customer rights. Feedback has been invited by September 22. These cover a right to fair treatment, transparency, suitability, privacy, grievance redress and compensation. The draft Charter of Customer Rights to deal with entities regulated by the Reserve Bank, has been framed based on global best practices in this regard, it said, as also discussion and interaction with various stakeholders. The ...
 Rediff.com4 days ago MUST KNOW: 10 important rights of a bank customer  Rediff.com1 month ago
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Banking imbroglio holds up India, Singapore trade pact review

It is still a long way to go for Indian banks seeking to enter Singapore, one of the world’s largest financial hubs. With strict entry guidelines, Singapore is insistent on Indian banks maintaining a high quality capital adequacy, an issue that has become a sore point between both countries. As a result, the long-pending review of the India-Singapore Comprehensive Economic Cooperation Agreement has remained stuck. The CECA was signed in 2005. A review of the trade deal was launched in May ...
 Rediff.com1 week ago
Rediff.com

3 ways we can fight corruption in the system: RBI gov

While speaking at an event attended by industrialists, bankers and representatives from renowned corporate houses, the Reserve Bank of India governor Raghuram Rajan impressed a large audience by his power-packed speech on how basic reforms can bring about a sea-change at macro level.   Rajan was a guest speaker at the 20th Lalit Doshi Memorial Lecture and was expected to speak on the topic titled, “Financial Sector Reforms: Achievements, Prospects and ...
 Rediff.com1 week ago
Rediff.com

Rajan explains why India needs bankruptcy code

I was hopeful that the bankruptcy code embedded in the new Companies Act would be operational soon, the RBI Governor said. The Reserve Bank of India has stressed the need for a bankruptcy code. Speaking in Mumbai on Wednesday, RBI Governor Raghuram Rajan said, “Something that is being said for six years now. I was hopeful that the bankruptcy code embedded in the new Companies Act would be operational soon.” There was some difficulty needing sorting, he added. On bank mergers, he ...
 Rediff.com1 week ago RBI readying exit plan for bankrupt businesses  Rediff.com1 month ago
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