SEARCHED FOR:FORMER RBI GOVERNOR
Bad bank not only necessary but unavoidable in present situation: Subbarao
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
Former RBI Governor Urjit Patel says new bankruptcy law caused rift with government
The rift centered around a February 2018 circular issued ...
Former RBI Governor Urjit Patel appointed as NIPFP Chariman
The appointment indicates a return to the fold of the finance ministry after Pate...
Divest governance of PSBs from government: N S Vishwanathan, former RBI deputy governor
Privatisation is a bigger political decision and not an economic one alone, Vishwanathan said, adding that a bank holding company needs to be created first.
Former RBI Governor Urjit Patel appointed as NIPFP Chariman, to replace Vijay Kelkar
Former Reserve Bank of India (RBI) governor Urijit Patel has been appointed as the chairperson of National Institute of Public Finance and P...
India needs to look beyond what rating agencies think, says ex-RBI governor Raghuram Rajan
The Indian government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP. Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.
Former RBI governor Patel pens book on dealing with NPA issue
Titled 'Overdraft: Saving the Indian Saver', the book focuses on the non-performing assets (NPAs) issue that has afflicted Indian banking in recent years, its causes and Patel's efforts as the RBI Governor in dealing with it.
RBI should not hesitate to offer greater regulatory forbearance if need be: SS Mundra
While RBI allowed a one-time debt restructuring for micro, small and medium enterprises, a need to do more is felt by several quarters. “Despite being a part of the Basel Committee and G20, there are rooms for national discretion,” Mundra said Tuesday at a banking seminar.
Banks need to raise and conserve capital in COVID time: Former RBI deputy governor
"Banks are required to raise capital at the moment. They need to raise and conserve capital. This is because when it is needed, capital may not be available or become highly expensive," Vishwanathan said while speaking at a webinar organised by Enqube Collaboration.
Government measures to deal with coronavirus impact 'very positive': Former RBI Governor Bimal Jalan
Earlier this month, the government announced a Rs 20.97 lakh crore economic package, which included RBI's Rs 8.01 lakh crore worth of liquidity measures.
India needs to leverage farm sector performance to push growth: Ex-RBI Governor Subbarao
"The rural economy is doing slightly better than the urban economy which is still grappling with COVID-19. Rural economy, which accounts for 65 per cent of population and 25 per cent of GDP, is actually proven to be a buffer because of expanded MGNREGA spending...," he said at a webinar organised by economic think tank NCAER.
What led to Urjit Patel's premature exit from the RBI? Inside his tell-all book
“Instead of buttressing and future-proofing the gains thus far, an atmosphere to go easy on the pedal ensued. A case of our old failing of a premature pronouncement of victory, perhaps? Until then, for the most part, the finance minister and I were on the same page, with frequent conversations on enhancing the landmark legislation’s operational efficiency.''
Concerns over policy benchmark surface again with sticky consumer price index
Although monetary policy cannot rein in the food prices spiral, lowering of rates does impact savers, especially seniors who largely rely on interest income for a living. Higher food is making living costlier for consumers across the spectrum and therefore may not easily be ducked as input for policy making.
Prolonged lockdown may push millions into margins of subsistence: Former RBI Governor Subbarao
Subbarao asserted that India's economic recovery would be far better than most of the other countries.
Small positive growth may not be ruled out in FY21, says Rangarajan
The Indian economy was in a troubled state when the pandemic hit the world. Before COVID-19 crisis hit India, the economy was already decelerating, real GDP growth had moderated from 7.0 per cent in 2017-18 to 6.1 per cent in 2018-19 and 4.2 per cent in 2019-20.