IDBI Bank MD M K Jain appointed RBI Deputy Governor

As per the RBI Act, the central bank should have four deputy governors - two from within the ranks and one commercial banker and the fourth one an economist to head the monetary policy department.......

Ease credit norms for small exporters: RBI

The Reserve Bank of India on Tuesday asked banks to ensure that funding needs of small and medium exporters were met on priority basis.It advised Indian Banks' Association to devise a simplified......

Govt wants Rs 10,000 cr interim dividend from RBI to bridge fiscal gap

This demand comes at a time when the government is falling short of its revenue targets due to dwindling tax and low disinvestment receipts. It could account for the dividend in the upcoming Union......

Banking frauds more than doubled in 2005: FM

Frauds in the Indian banking system more than doubled in valueduring 2005, touching Rs 1,134.3 crore (11.34 billion) as against Rs 451 crore (Rs 4.51 billion) in the previous year, Lok Sabha was......