Bank claims it wasn't quizzed by CBI, only financial information was sought.
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
'There are many cases where a company hits the wall because of reasons not under their control.' 'If you do not understand and appreciate that and paint all promoters with the same brush then definitely you are inviting trouble.'
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
'A law firm checked credentials of Karan Ajit Judge and Nouam'
Economic growth in the last two years has stayed above seven per cent.
The IPL, all of a sudden, may have some catching up to do with the Big Bash.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
Chief Economic Advisor Arvind Subramanian's interview.
'Success will require political skill, not just economic expertise'
The airline re-built the flight schedule and refunded passengers.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
'Modi is likely to make more announcements to win or retain popularity, and put himself at the centre of things even more than now,' says T N Ninan.
Investors with stalled projects and mounting bad debt will refinance their loans.
Narendra Modi is squandering a mandate for change on feeble, unimaginative incrementalism.
'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.
Finance Minister Arun Jaitley presented the Union Budget.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Indian economy about to take-off
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