Accusing some large borrowers of enjoying ‘riskless capitalism’, RBI Governor Raghuram Rajan said such entities were responsible for making banks' credit profile unhealthy and these big clients were in effect becoming 'freeloaders' in the banking system. Rajan also said it is the taxpayers and honest borrowers who end up paying the price for losses suffered by state-run banks due to bad loans given to a few big borrowers. A large borrower, whose loan has turned bad, should not be ... Rediff.com, 3 days ago
RBI issues final norms for payment banks, small banks - Deccan Herald, 19 hours ago
We must get rid of draconian laws, wilful defaulters: Rajan - Rediff.com, 2 days ago
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The Reserve Bank of India is reportedly not keen on accepting banks’ demand to increase the interchange fee, the amount one bank charges another if its consumer uses the automated teller machine of the non-home bank. “There is already a cap on ATM transactions. "If we increase the fee further and based on it the banks also make changes on the amount they want to be passed on to the customer, it can hurt the customer further. As a result, the regulator is not very comfortable ...Rediff.com, 2 months ago New ATM charges come into force in six metros IndiaTV News, 3 weeks ago ATM use over 5 times per month to attract fee from tomorrow Jagran Post, 4 weeks ago Banks limit ATM usage; to charge for more than 5 transactions Rediff.com, 4 weeks ago
A week after the official launch of the Prime Minister’s Jan Dhan Yojana, the Reserve Bank of India has begun a review of the financial inclusion mission.A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district. The ambit will also cover the system’s readiness to track the work of business correspondents, a key link between bank and those being covered by the programme.“Besides doing checks, the effort is to find out ...Rediff.com, 2 months ago Centre cancels selection of 6 govt bank chiefs by UPA Rediff.com, 1 month ago Rajan softens stance on Jan Dhan, says it's a welcome scheme Rediff.com, 1 month ago Robust review before PSU bank chiefs are selected Rediff.com, 2 months ago
"The RBI has once again cautioned members of public that falling prey to such offers can result in compromising one’s own crucial personal information that may be misused to cause direct financial and other loss to them," RBI said in a notification. RBI ...Jagran Post, 6 days ago
The draft proposes that agencies already engaged in bank depositors’ education and awareness or proposing to take up depositors’ education programmes, organising seminars, symposia, and research can be considered for assistance from the Depositor ...Jagran Post, 1 month ago
The buildings around Cubbon Park, including the government-owned, all along Nrupathunga Road, don’t have original records.A survey report submitted by the Department of Survey Settlement and Land Records (SSLR) has stated that except for survey ...Deccan Herald, 1 day ago
Image: Arun Jaitley. Photograph: Kind Courtesy, World Economic Forum/Wikimedia Commons Pitching for a rate cut by RBI, Finance Minister Arun Jaitley today said lower cost of capital will give a ‘good fillip’ to the economy. "I am quite clear in my mind that the cost of capital has to come down. Inflation has moderated, global fuel price has eased. “Therefore, if RBI, which is a highly professional organisation, in its wisdom decides to bring down the ...Rediff.com, 1 week ago
Marriage season will end in the next two months and import growth is likely to taper off The country’s gold import bill has seen a surge in the past two months. In September, it was $3.75 billion. October’s official data, that may be released on Monday, is expected to show around $4 billion. In quantity, the import is estimated at 120 tonnes in October. Sector officials and analysts believe the rise was due to festivals and imports could fall in the coming months. “Imports ...Rediff.com, 1 week ago
Image: India Inc hopes for a rate cut in RBI's next monetary policy. Photograph: Adnan Abidi/Reuters India Inc on Wednesday pitched for a rate cut by the Reserve Bank of India (RBI), saying the central bank should be “more courageous”, since inflation had come down drastically and growth is not picking up. RBI is slated to come out with its policy review on December 2. “RBI has to be more courageous,” said Anand Mahindra, chairman and managing director of Mahindra ...Rediff.com, 3 weeks ago Key numbers that RBI will consider for its policy stance Rediff.com, 2 months ago The common man needs Modi more than India Inc does Rediff.com, 2 weeks ago
The Enforcement Directorate, probing several scams in which deposit collecting companies (ponzi) like Saradha and Rose Valley were involved, on Tuesday said that the Reserve Bank of India could have acted against these entities as it had the power. "RBI has the power to inspect and prosecute against these deposit collecting companies as it fell within its ambit given under Section 58(b) of the RBI Act. But it did not act", a source in the ED told PTI. He said that ED had questioned both Reserve ...Rediff.com, 2 weeks ago
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