Mundra likely to be next RBI deputy governor

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......

Reserve Bank hires outside talent to boost market nous

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......

Rajan warns of action against banks hiding true NPA numbers

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......

Govt must infuse $39 bn into state banks by 2019: RBI deputy

The government needs to infuse as much as Rs 2.4 trillion ($38.78 billion) into state-owned banks by end-March 2019 to meet different kinds of capital requirements including Basel III, provisioning......