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RBI calls for higher provisioning for distressed assets

Reserve Bank of India Deputy Governor N S Vishwanathan has called for higher provisioning to make banks' balance sheet neat and clean. This, according...

SBI report calls for extending deadline for Basel III

SBI Ecowrap in a report titled ‘Timing Future Reforms in India’ has said the country may postpone for a short while the implementation of...

Sanyal lays down roadmap for PSBs

Finance Ministry's principal economic advisor Sanjeev Sanyal said on September 6 that while the cleaning up of stressed loans was the top priority of...

RBI warns against state finances

In its annual report for 2016-17, the Reserve Bank of India has rung the warning bell about the management of state finances during 2017-18...

RBI says PSBs stability indicators are falling

The Reserve Bank of India in its latest Financial Stability Report (FSR) has expressed concern over the asset quality of banks. The report has...

RBI expands OC for stressed assets

The Reserve Bank of India has reconstituted the Overseeing Committee (OC) to expedite the resolution of stressed assets in the banking system. The scope...

RBI appoints new ED for financial inclusion

The Reserve Bank of India has appointed Surekha Marandi as Executive Director. Marandi will look after consumer education and protection department, financial inclusion and...

Naidu panel urges RBI to cut card transaction charges

The high-profile committee of chief ministers led by Chandrababu Naidu tasked with finding ways of boosting digital payments has urged the Reserve Bank of...

Rao appointed as ED, RBI

The Reserve Bank has appointed M Rajeshwar Rao as Executive Director after G Mahalingam took voluntary retirement from the central bank. Rao will look after Department of...

SBI to initiate merger process from November

SBI hopes to kick off the merger of its associates as well as Bharatiya Mahila Bank with itself by from November and try to...

RBI staff oppose public debt management agency

Employees of Reserve Bank of India have expressed concern over the setting up of the proposed Public Debt Management Agency (PDMA). In a letter...

Patel named as RBI Guv; a brief outline of his education...

Urjit Patel has been appointed the Reserve Bank of India (RBI) Governor. This reflects the government's determination to continue with Raghu Ram Rajan's policy...

Rajan: Stress in PSBs triggered credit slowdown

Reserve Bank of India Governor Raghuram Rajan said on Tuesday that the slowdown in credit was largely linked to stress in public sector banks...

SC asks ED to proceed against 800 companies

The Supreme Court appointed Special Investigation Team (SIT) on black money has asked the Enforcement Directorate (ED) to take action against nearly 800 errant...

Factory output grows 1.2% in May

The country’s factory output in May remained muted, strengthening calls for a rate cut by the Reserve Bank of India in its policy review...

Arvind Panagariya may be named next RBI chief: Reports

Arvind Panagariya, NITI Aayog vice chairman, may be appointed the next Reserve Bank of India (RBI) chief, two television channels CNBC Awaaz and ABP...

Portfolios reshuffled in RBI

The Reserve Bank of India (RBI) has reshuffled the portfolios of its deputy governors: R Gandhi has been tasked with overseeing the foreign exchange...

Andhra Bank to raise capital (Updated- 10:37 AM)

Andhra Bank will seek shareholders nod to enable it to raise capital through qualified institutional placement/ follow-on public offer or any other mode. The...

Fitch discounts Rajan impact

  Fitch Ratings said India’s sovereign ratings will not be affected solely by the unexpected departure of central bank governor Raghuram Rajan at the end...