Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
'There are lots of low hanging fruits and often no real impediment to plucking them.'
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
Seeking to guard investor returns from excessive exchange rate movements, RBI Governor Raghuram Rajan on Thursday said a move towards an inflation target of 4 per cent will help contain the currency market volatility.
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years.
"I am an economist. He is a lawyer. How can he be better than me," Swamy, whose antagonism for Jaitley is open, said at an event in New Delhi on Saturday.
India's macroeconomic indicators are improving and inflation has been coming down consistent with the central bank's forecast, but Asia's third-largest economy needs investment growth to pick up, he added.
The cross-country foot march stayed in the news almost right through, mostly for the barbs between the BJP and the Congress and occasionally for other reasons, including infighting in the opposition party.
According to the global financial services major, FIIs have recouped around 25 per cent of the outflows seen over the June-August period, when the country witnessed its sharpest bout of FII outflows since the global financial crisis.
RBI Governor Raghuram Rajan will also participate in the meet.
Rate cuts are a natural consequence that the RBI has no hesitancy in delivering.
Design of these notes to be issued now is similar in all respects to the Rs 1000 Banknotes in Mahatma Gandhi Series-2005 issued earlier, RBI said.
Rajan expressed concerns on pressures on the services front.
The RBI targets inflation at 6 percent by January 2016 and 4 percent for 2017/18.
Finance Minister expects rate cut by RBI.
A chat with investment expert Feroze Azeez on what impact will the hike in RBI rate have on the consumers.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
For 2015-16, IMF pegged India's growth rate at 7.5 per cent.
Reserve Bank Governor Raghuram Rajan expressed confidence in India's growth and said the country is on target to meet Jan inflation target of below 6%.
He also said that he stands by Modi as he admires his spine but took a dig at journalists planting "deliberately false stories" to provoke him.
'It is sad for the country and it is sad for the government of the country too,' says the Nobel Laureate.
Rahul Gandhi hailed the RBI Governor for steering the Indian economy in "difficult times"
India's consumer price inflation dropped to 5.4 per cent in June
Rajan said the central bank has used up all its "space available" to cut interest rates
RBI Governor Raghuram Rajan plans to write on 'academic issues' after leaving the Reserve Bank.
Modi will also need to reconcile market demands with those from forces within his own administration
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
'There will be no serious effect on Indian economy because one person, one man, however powerful, however influential, however great, cannot have an impact on an economy as big and complex as India.'
Nowadays, our politics is habituated to sitting on a high pedestal, hobnobbing with world leaders, generating impressions of a superpower and returning to earth for the purpose of winning elections. In contrast, the yatra never left earth, observes Shyam G Menon.
Rajan's departure from the RBI is an end to 'outside interference' in policy making, government insiders feel.
Last August, RBI gave in-principle approval to 11 applicants.
RBI governor Raghuram Rajan says a cut in cash reserve ration will not at all impact lending rates.
He called on developed countries to play their part in restoring international monetary cooperation.
When he didn't respond (Mr Saver has lost count of how many relationship managers he has had in the past few years!), the gentleman landed up at his doorstep and started pleading with him to open fixed deposits with the bank, observes Tamal Bandyopadhyay.
Subramanian Swamy has been critical of Rajan for not lowering interest rates earlier to boost growth.
Reserve Bank of India Governor Raghuram Rajan had said recently that there was "no need" to set up a separate bad bank to deal with stressed assets of public sector lenders.
RBI Governor Raghuram Rajan's decision to not seek a second term is a "personal one" which everybody should respect, Chanda Kochhar MD & CEO, ICICI Bank said.
The bank's base rate currently stands at 10 per cent and the last movement in it was in November last year, when it was hiked by 0.20 per cent.
The rupee had closed at 60.1550/1650 per dollar on Monday.
India needs foreign exchange buffer reserves to insulate itself from exchange rate volatility as we have "no friends" for swap lines and Japan was the only country that helped during the taper tantrum in 2013, former RBI Governor Raghuram Rajan said on Tuesday. Participating in a virtual event organised by economic think tank NCAER, Rajan said during the taper tantrum in 2013, India asked for swap lines, and only country who helped was Japan. "We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances