Commercial banker Subhash Sheoratan Mundra has assumed office as the fourth deputy governor of the Reserve Bank on Thursday for a three-year term. Mundra, who led the country's second largest......
After throwing his weight behind Dalbir Singh Suhag as the next army chief, Finance Minister Arun Jaitley has endorsed another choice of the previous United Progressive Alliance government, by......
In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator The Union government has......
The new hire, Gangadhar Darbha, joined as a consultant The Reserve Bank of India (RBI) has hired a former Nomura algorithmic trader, officials said, taking a rare step to recruit externally as it......
Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan on Tuesday said the central bank is "increasingly turning towards taking action" on such divergences. The Reserve......