In an interview to Business Standard, Rangarajan says CAD will be brought under control at around two per cent of the gross domestic product.
Prime Minister's Economic Advisory Council Chairman C Rangarajan dashes bullion firms' duty cut hopes.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
MCX Stock Exchange is bullish on breaking-even in one year's time frame.
The Finance Ministry has asked top rung exectives of United bank of India to furnish bad loan recovery report on daily basis.
Though most foreign banks appear reluctant to establish a subsidiary here, Citi is the only bank that has so far communicated this to the regulator, in writing.
The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
Telecom department says spectrum can't be used as collateral because it's government property
Recovery is attributed to higher domestic demand, export orders and import by NRIs.
Banks have taken this aggressive posture even as liquidity has become comfortable on the back of increased government spending.
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
At least five state-run banks on central bank's radar for lax credit appraisal
About 12 other lenders with combined exposure of Rs 1,200 crore likely to follow
The commerce ministry has called a meeting on Monday to discuss tighter norms amid reports of increased round-tripping of gold
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
MCX and MCX-SX are facing the worst crisis in their existence following the Rs 5,574 cr fiasco at the National Spot Exchange.
Commodity exchanges are all restructuring their boards of directors, after the recently issued guidelines of the Forward Markets Commission.
The board will have to take a decision that he cannot remain a permanent director and also have to decide to whether to amend the article of association of the exchange in this regard.
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