Modi must act fast on cleaning up the financial sector mess

India is probably the only country where jewellers to manufacturing companies to builders can pick up money from the public without coming under any regulation, notes Debashis Basu. Image:......

RBI sets up panel to speed up financial inclusion

Amid slow progress in bringing the entire population under banking network, the Reserve Bank of India on Thursday announced setting up of a high level committee to 'spearhead' efforts to ensure......

RBI to restructure bank loans to MFIs

The government on Tuesday said RBI measures to restructure bank loans to micro-finance institutions are likely to impart liquidity support to these institutions."In January 2011, RBI extended the......

Kumar Birla, Premji on RBI board

Azim Premji, chairman of Wipro, and Kumar Mangalam Birla, head of the A V Birla Group, have been nominated as members of the central board of the Reserve Bank of India.They are replacing Ratan......