RBI BOARD MEMBER
RBI board debates 90-day NPA cap
Chandrasekaran is learnt to have suggested that policymakers needed to go the extra mile
Foreign banks fret over RBI’s proposal for a board in India
The foreign lenders are flummoxed by the regulator’s suggestion to form board of ...
Stimulus package fails to involve banks as frontline warriors in economic revival: RBI's central board member
Satish Marathe shared a viewpoi...
RBI board member urges PM Modi for banking sector package
Seeking a temporary forebearance of about a year, Mr Marathe requested prime minister Narendra Modi to "keep in abeyance, all norms relating to income recognition and assets classification, provisioning and downgrade of borrowal accounts, reporting to credit information companies for all accounts that must have got classified as NPAs during the just concluded financial year 2019-2020".
Yes Bank moratorium: RBI Board Member explains why it took so much time
India's central bank took control of the country's fifth-largest private sector lender Yes Bank on Thursday and imposed limits on withdrawal...
RBI appoints ED Janak Raj as member of MPC
Mumbai, Jan 29 () The Reserve Bank of India (RBI) on Wednesday appointed its Executive Director Janak Raj as member of the Monetary Policy Committee (MPC), the highest interest rate setting body.
RBI releases minutes of board meeting for first time
The channels of communication with outside stakeholders have opened up ever since Das took over as RBI guv.
No interim stay on RBI order cancelling co-op bank's license
The Bombay High Court has refused to grant an interim stay on operation of the order passed by the Reserve Bank of India cancelling the license of the CKP Co-op Bank and observed that there was no fundamental error in the decision.
RBI appoints R Gandhi, Ananth Narayan as additional directors on Yes Bank board
Under the reconstruction scheme, which came into effect from March 14, RBI can appoint one or more persons as additional directors on the board of Yes Bank. On March 5, the RBI had superseded the board of Yes Bank and appointed Prashant Kumar, ex-DMD and CFO of SBI, as the administrator. The RBI-imposed moratorium was lifted on March 18.
RBI constitutes working group to review private bank shareholding norms
The central bank noted that changing financial market landscape arose a need to relook at these regulations since the broad policy relating to ownership and control in private lenders has been guided by the framework issued way back in February 2005.
RBI says GDP growth estimates at risk: Key takeaways from money policy
MPC will continue with the accommodative stance as long as it is necessary, says RBI.
RBI board recommends aligning accounting year with fiscal year from 2020-21
The Central Board of Directors of the RBI at its 582nd meeting reviewed the current economic situation, global and domestic challenges and various areas of operations of the Reserve Bank. The board recommended aligning the financial year of RBI, currently July-June, with the government's fiscal year (April-March) from the year 2020-21. It approved forwarding a proposal to the government for its consideration, the RBI said in the statement.
RBI governor faces board queries on financial frauds
Losses suffered by PNB, irregularities by IL&FS, PMC bank were some of the issues Das was confronted with.
GIFT SEZ provides approval to 28 entities
The Development Commissioner of GIFT SEZ along with GIFT SEZ authorities met up with all the members of unit approval committee via teleconference. All the application documents and the details were submitted online by the units, with the entire agenda prepared and circulated online to all the committee members.
Don't lay off employees: CII tells member companies
Industry body CII president Vikram Kirloskar's remarks come against the backdrop of mounting concerns that companies, including in India, could resort to retrenchment due to sluggish demand and various restrictions in place to curb spreading of the coronavirus infection.
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