RBI’s draft guidelines want 60% of a group’s income from financial servicesThe Reserve Bank of India on Thursday proposed granting on-tap universal banking licences to individuals, groups or entities and companies.However, the criterion for corporates will effectively rule out entry for business houses like Reliance, Tata and Birla, which had ambitions of floating universal banks.According to the draft guidelines, at least 60 per cent of a group’s income should come ... Rediff.com, 1 month ago
Raghuram Rajan's exit policy: It's back to academics - DNA, 4 days ago
'Whatever steps Rajan took were beneficial for the economy' - Rediff.com, 5 days ago
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Subramanian Swamy has charged Rajan of 'harming the nation's economy'. Reiterating his earlier stance, BJP’s Rajya Sabha member Subramanian Swamy has written a letter to Prime Minister Narendra Modi, asking him to sack RBI Governor Raghuram Rajan. In the letter, Swamy has charged Rajan of "harming the nation's economy". "I am shocked by the willful and apparently deliberate attempt by Dr Rajan to wreck the Indian economy," he said in the letter to PM Modi, says the NDTV report ...Rediff.com, 1 month ago After Rajan, Swamy now wants Modi's chief economic advisor sacked, GST junked Rediff.com, 3 days ago Why Subramanian Swamy is wrong in criticising RBI Governor Raghuram Rajan Rediff.com, 1 month ago Govt finally reacts to Swamy's attack on Subramanian Rediff.com, 3 days ago
This is the first time in the RBI’s history that a governor is leaving without willing to renew his contract Barely a few days after expressing his interest to go back to academia in the long term, Raghuram Rajan has walked the talk. Putting an end to all the speculation about his continuance in the central bank, the Reserve Bank of India (RBI) Governor on Saturday said he would not seek an extension of his three-year that ends on September 4, 2016. Instead, he said in a letter to ...Rediff.com, 6 days ago
It is the Prime Minister and the Finance Minister’s prerogative on how they want the appointment process to be. The government has left unclear the mandate of the selection committee which has been tasked to recommend names for top posts at regulatory bodies The government has left unclear the mandate of the selection committee which has been tasked to recommend names for top posts at regulatory bodies. This gains importance in the backdrop of mounting speculation on a second term ...Rediff.com, 1 week ago Jaitley disapproves personal attack on Rajan, Congress seeks apology Rediff.com, 1 month ago Cong accuses govt of 'hounding out' Rajan, BJP says no comment Rediff.com, 1 week ago 'Bandhan should not fall for corporate banking' Rediff.com, 1 week ago
Posted by Equitymaster The RBI governor Raghuram Rajan’s three year tenure ends in early September. Speculation abounds if he will get an extension or not. There is no doubt that the last three years have been tumultuous. When Rajan took over as RBI ...Equitymaster.com, 2 weeks ago RBI chief Rajan wins over Modi despite broad mistrust Rediff.com, 3 weeks ago Rajan's extension: Government to wait till the 11th hour Rediff.com, 1 month ago Curb 'unnecessary' speculation over my future: Rajan Rediff.com, 3 weeks ago
'Any sharp slowdown in China, the movement of the US dollar and the market’s reaction to any rate hike by the US Fed would have an impact on global sentiments towards equity.' In the next few weeks, analysts will eye the outcome of the Reserve Bank of India’s monetary policy review, the possibility of a rate increase by the US Federal Reserve and chances of Britain exiting the European Union. Anoop Bhaskar, below, left, head of equities and fund management at IDFC Asset ...Rediff.com, 2 weeks ago
Newslaundry claims access to RBI’s Rs 5-lakh crore (Rs 5-trillion) secret list At a time when the Supreme Court flagged faults in rules on bad loans and recoveries in India, media website newslaundry.com claims to have accessed the Reserve Bank of India’s list of corporate defaulters, totalling loans of Rs 5 lakh crore (Rs 5 trillion) as on December 24, 2015. The claim comes amidst rising debate whether the banks should reveal defaulters’ names. The media outfit said ...Rediff.com, 1 month ago
Seeking to address the fears of Indians following Brexit, the Government and RBI have assuaged the fears by assuring that India's sound macro-economic fundamentals backed by planned structural reforms and firewalls will help it weather any major ...Jagran Post, 22 hours ago Government, RBI seek to soothe wracked investor nerves after Brexit Rediff.com, 1 day ago Brexit: What India's business leaders have to say Rediff.com, 1 day ago
Whatever be the government’s decision, it is time everybody showed greater caution while expressing views on whether Mr Rajan should get a second term. An unnecessary controversy has been generated in the traditional and social media over Reserve Bank of India Governor Raghuram Rajan’s possible second term. Such ringing endorsement of a central banker -- including online petitions and supportive statements from sundry Mumbai industrialists, Mohamed El-Erian, the influential chief ...Rediff.com, 4 days ago
RBI Governor Raghuram Rajan said he would return to academia but would be ready to serve India again in future. IMAGE: ‘History will judge Rajan as one of the most effective central bankers of not just India but of the world’. Photograph: Reuters Calling RBI Governor Raghuram Rajan's exit a 'bad omen' for the Indian economy, eminent economists and former policymakers on Sunday said it will be seen by the world as India's non-approval to a policy against ...Rediff.com, 6 days ago Raghuram Rajan's 'surgery' uncovers more bad loans Rediff.com, 1 month ago Why India Inc is batting for Rajan's 2nd innings at RBI Rediff.com, 1 month ago 'India one-eyed king? Nah, its economy is growing real fast' Rediff.com, 2 months ago
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