Vijay Mallya owes several banks thousands of crores of rupees which he had taken as loans for his businesses including the now defunct Kingfisher Airlines.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
Despite no change in interest rates, India's largest lender, State Bank of India, last week became among the latest to lower deposit rates, often a precursor to lower lending rates, something some banks have already done for certain consumer loans.
Considering the economic downturn, the banking sector should help strengthen the cooperative sector to encourage small and medium industries and create jobs, Chavan said.
Finance Minister Arun Jaitley said the Reserve Bank and the Finance Ministry have "very mature level of consultation" and it wasn't fair to comment on them.
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
Three members will be representatives from the government, and three from the RBI.
The industry has stepped up its demand for a rate cut
Investors will see that India story actually continues to be a good one, he said.
Worries over Greece sparked a sell-off in emerging markets on Monday
The RBI chief was speaking to researchers at an analyst call.
Media has gone beyond its traditional boundaries.
During the pre-budget consultation with Union finance minister, some states made a case for fiscal expansion by boosting consumption to tide over the sluggishness in the economy.
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The Reserve Bank released a report on 'Banking Structure in India -- The Way Forward' in August 2013, which covered issues such as consolidation of large-sized banks with a view to have a few global-sized banks and the desirability and practicality of having small, localised banks as preferred vehicles for financial inclusion.
RBI governor Raghuram Rajan says, laws must be tightened for freeloaders.
The RBI announced its monetary policy on Tuesday.
There are 350,000 jewellers, of which 13,000 are BIS-certified.
Banks may reduce their interest rates.
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The NPAs of banks stood at over Rs 3 lakh crore as on December 2014.
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
The facility will be open till November 30.
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
An early choice will also allow Mr Rajan to do some hand-holding.
Flagging the issue of lack of enough economists in the country, Reserve Bank India (RBI) Governor Raghuram Rajan has said the inability to get quality talent may be hurting policy making.
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
The bank chiefs have also cancelled the customary media conference after the bi-annual policies.
Tomorrow's review could also turn out be the last policy anchored by Rajan if the proposed Monetary Policy Committee (MPC) is put in place before the next review due on August 9.
The local currency had gained 10 paise to close at 63.51.
Credible fiscal consolidation has been a consistent pre-condition to easing the monetary policy stance as far as the RBI is concerned.
A day after its bigger rival ICICI Bank cut its lending rate, the third-largest private lender, Axis Bank, on Friday lowered its base rate by 0.10 per cent to 9.85 per cent, effective June 30.
Reserve Bank of India (RBI) governor Raghuram Rajan says global markets are at risk of a "crash" should investors start bailing out of risky assets created by the loose monetary policies of developed economies.
RBI governor Raghuram Rajan is clear about cleaning up the mess in the banking system.
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
The Indian government will present the annual budget for 2016-17 on February 29.
The step followed Reserve Bank Governor Raghuram Rajan's hard talk.
It would also be the last policy of Rajan
Gopalakrishna's name was in the reckoning for Deputy Governor in place of Anand Sinha who retired in January.
The methodology will be announced later this week.
The mismatch between industrialists' demand and account holders is because of inflation, Rajan said.
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