Arundhati Bhattacharya is a strong contender for chairperson post, after Pratip Chaudhuri retires in September.
Despite the various steps taken by the central bank, the pressure on the rupee has continued, which is mainly due to global factor
Entities reluctant to get into new segment till settlement and margin issues are addressed
In a letter addressed to Gogia's mother, Madhu Kapur, who holds a 12 per cent stake in YES Bank, the private lender said its board of directors, after extensive deliberations, had unanimously agreed not to accept her recommendation to appoint her daughter on the board.
Reserve Bank of India (RBI) Governor D Subbarao, often criticised for being "behind the curve", took market players and his critics by surprise.
The central bank is of the view that rise in external debt a concern but rating outlook revision reassuring.
India's top private banks might soon exit from the gold coin business.
After fighting inflation for more than two years, Reserve Bank of India (RBI) Governor Duvvuri Subbarao finally managed to bring it below the five per cent level - the tolerance level of the central bank - in FY14.
There's need to address growth, but weak rupee putting pressure on prices.
CPI inflation slowed to 9.39% in April compared with 10.39% in March.
The sharp fall in rupee since the beginning of May will make things difficult for the central bank which is on the path of easing the monetary policy to revive growth.
Application deadline may be extended but no leeway on priority-sector targets.
RBI Governor D Subbarao says banks' response to RBI's monetary intervention is asymmetric.
Richard Illey, chief economist, (Asia, ex-Japan) at BNP Paribas, talks to Business Standard on inflation and related issues ahead of the Reserve Bank's annual review of monetary policy.
Street expects RBI to keep CRR unchanged, opt for open-market operations to ease liquidity
Four days ahead of RBI's monetary policy review, SBI Chairman Pratip Chaudhuri says a cut of one percentage point in CRR will allow the bank to lower lending rates 20 basis points.
The recent fall in commodity prices might not be sufficient to bring down the country's widening current account deficit
Most major corporate houses, such as the Tata group, Birla group and Reliance Industries, besides non-banking financial companies like L&T Finance, M&M Financial Services and the Shriram group, are said to be interested in setting up new banks.
The public-sector lenders were yet to get a formal proposal on sale from HSBC.
Reserve Bank of India lens on mutual fund, insurance, gold coin sale by branch's non-sales staff
