'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
While Raghuram Rajan has said in the past that other factors, including domestic fundamentals, outweigh the US Fed policy meet, this time it would be different
Although this may not be music to Raghuram Rajan and Viral Acharya's ears, the real reason in my estimation for their quitting is expatriate over-sensitivity, intolerance or arrogance, argues B S Raghavan, the distinguished civil servant.
Cyber thieves have been using RBI logos to send out mails to cheat customers
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
HDFC on Thursday offered home loans to women borrowers at 9.85 per cent.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
Calls for a rethink on why some sectors should get more easy credit than others
Rbi cut rates for teh third time to ease economic situation.
The Reserve Bank on Tuesday nudged banks to cut lending rates.
'Access to finance is one of the most crucial needs in the economy.'
RBI may hold rates in Apr; to go for 25 bps cut by June: DBS
The RBI working group's proposal to allow corporate houses to set up banks is a "bombshell" and at this juncture, it is more important to stick to the tried and tested limits on involvement of business houses in the banking sector, according to an article jointly written by former RBI Governor Raghuram Rajan and ex-Deputy Governor Viral Acharya. They also said that the proposal is "best left on the shelf".
Strong dollar will impact financial system in India.
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
Average policy rate over the next three years should be around 7.4%
The government is likely to present a "run-of-the-mill" budget with an fiscal slippage to 3.7 per cent of the GDP in the next fiscal from an earlier target of 3.5 per cent, a Nomura report says.
Arun Jaitley opted for a fiscal deficit of 3.9% in 2015-16.
The government plans to inject a total Rs 70,000 crore into the lenders over four years
The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
The Financial Stability and Development Council members include heads of regulatory bodies like RBI, Sebi and Insurance Regulatory Development Authority.
Soon after taking over as RBI Governor on September 4, Raghuram Rajan had announced opening of a swap window facility to encourage banks to lure NRI funds.
Charging Chief Minister Nitish Kumar with failing to secure special status for Bihar, the Bharatiya Janata Party on Thursday said it will raise the demand for it during its October 27 rally here to be addressed, among others, by its prime ministerial candidate Narendra Modi.
The Reserve Bank on Friday set up a three-member committee under former Governor Bimal Jalan to scrutinise applications for new bank licences, which are expected to be awarded by January.
'Rahul Gandhi's recent video performances offer little hope - the first fell flat in attacking government 'strategy'; the second showed him in a position unbecoming of a leader,' argues T N Ninan.
'It will be interesting to see how Dr Patel handles gadflies with the maturity of egregiously petulant three year olds.' 'That Dr Patel does not, in so far as we can tell, cause society matrons to gush like hormonal teenagers can only be a good thing for him.' 'Look where their febrile imaginations and breathless prose took his predecessor.'
The new government would assume charge with swearing-in of Prime Minister designate Narendra Modi and members of his Cabinet on May 26.
RBI has kept interest rate unchanged at 8 per cent since January
Uber had run into trouble with the RBI over the two-payment process
The rupee rose by 4 paise at 66.88 against the US dollar in early trade on Wednesday.
In October, CPI inflation was 5 per cent.
Panagariya also stressed that India must continue the liberalisation of its top tariff rates and the country should not revert back to import substitution.
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According to the research note, the jump in volatility following the tightening of liquidity by the RBI on July 15 is likely to move lower and current levels could prove an attractive entry point into the market.
The RBI, which has been keeping rates at an elevated level citing high inflation, wants it to come down to 6 per cent by January 2016.
After the screening, the shortlisted candidates will be vetted by an external committee, to be headed by former RBI governor, Bimal Jalan.
State Bank of India does not levy any charge for non-maintenance of a minimum balance in basic savings account.
Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since 1992.
'A concerted attempt is afoot to try and create a new image of an intelligent man who knows what he is talking about and is far from the person that his critics in the media and Opposition have often portrayed him to be,' says Virendra Kapoor.
'Urjit Patel's appointment is a right decision and in the interest of the country.'
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