RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
The move to make the appointment process more robust comes after last month's arrest of S K Jain, chairman and managing director of Syndicate Bank last month, over graft charges.
Deepak Narang, executive director of United Bank of India, speaks on Vijay Mallya's 'wilful defaulter' status.
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
SBI Caps readies plan, identifies 4 assets; bankers say there are enough bidders.
The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
Letter to corporate affairs ministry cites slowing economy, capital challenges.
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
Telecom department says spectrum can't be used as collateral because it's government property
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
At least five state-run banks on central bank's radar for lax credit appraisal
About 12 other lenders with combined exposure of Rs 1,200 crore likely to follow
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