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......
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......
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 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,......