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Reserve Bank Of India S S Mundra

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President's address to the Parliament

 Following is the trascriptof President Pratibha Patil's address to the joint sittingof Parliament on Thursday.Honourable Members, I convey my good wishes to you and to all our people. On behalf of......

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......

Reserve Bank appoints 3 new EDs

 The Reserve Bank of India has appointed three new executive directors to fill up the posts that were vacated earlier. N S Vishwanathan, who was a principal chief general manager looking after the......

'India has adequate forex to manage challenges'

 India has reasonable level of foreign exchange reserves to deal with the current market situation, according to Reserve Bank of India Deputy Governor S S Mundra. Speaking to reporters on the......

More capital for public sector banks? Hardly a solution

 Reforms are an absolute must for revamping the banks Last week, the government responded to the grim situation facing public sector banks by committing Rs 70,000 crore (Rs 700 billion) as fresh......

RBI says 'watchful' of banks' bad loans levels

 Reserve Bank of India Deputy Governor S S Mundra said the latest April-June earnings from state-owned lenders showed "stability" in terms of non-performing assets (NPAs), but added the central bank......

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