Almost nine months after their first open letter, the group of 14 eminent Indians on October 3 dashed off a second open letter to the government. Apart from being more elaborate than the previous......
The Malegam Committee, set up by Reserve Bank of India on Wednesday recommended a 24-per cent interest rate cap on microfinance loans to individuals. It also suggested creating a new category of......
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay. Photograph: Mahipal Soni/Rediff.com On June 19, 2018, the day ICICI Bank......
The Malegam committee on the RBI’s capital adequacy had suggested that the RBI must move away from its methodology to calculate the foreign exchange gains to a weighted average cost-based......
The third successive rate cut of 0.25 percent is a "decisive and timely" move to address the rising growth concerns, and a rate hike is off the table for now with the shift to an "accommodative"......
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.Illustration: Dominic Xavier/Rediff.com. Yezdi Hirji Malegam, 80,......