The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
Rediff.com highlights the provisions of the controversial Andhra Pradesh Reorganisation Bill, which was introduced by Home Minister Sushilkumar Shinde in Lok Sabha on Thursday amidst pandemonium.
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
'We still need a certain number of large public sector banks for financial inclusion and stability purposes.'
To a question related to RBI's policy rate, Rajan said no amount of interest rate cut is going to help if credit growth is weak.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
At least three members of the BJP Parliamentary Board, that approved candidates list, told me that release of my book by Nitish Kumar in 2017 was strongly resented and probably this cost me the party nomination, Roy said.
In its 90-year history, the Academy has expelled only one other member, and only because 83-year-old Carmine Caridi, an actor, violated specific written rules about sharing screener copies of films in 2004.
YES Bank said that it has not paid any bonus to Kapoor for FY17 and FY18. He drew a salary of Rs 6.48 crore for the ten months he served as MD & CEO, before his tenure ended in January.
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19
"I appeal to everyone to maintain peace. I hope to be back on the field in the next few days," Banerjee said.
The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.
The federation's troubles have piled up in recent months, with some of its officials and senior coaches having found themselves embroiled in doping scandals.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
The accident occurred when the private boat 'Ma Kamala' was headed to Majuli from Nimati Ghat and the government-owned ferry 'Tripkai' was coming from the riverine island.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
RBI wants periodic revision of the pensions for its retired employees.
Jaitley calls it unfair and false attack on a disciplined civil servant
The NDA government is seeking removal of all political appointments.
The Indian Air Force had on Thursday said all 13 people on board the aircraft have died.
Since the RBI is the 'lender of the last resort', as per terms of arrangement, Yes Bank would have to exhaust immediate liquid assets before accessing this fund.
Takao replaced Haruhiko Kuroda, who had, in March, quit ADB to take charge as Japan's central bank governor.
Prakash was allegedly assaulted by Aam Aadmi Party MLAs during a meeting at the chief minister's residence in the evening of February 19.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
With this allocation of portfolios, the Sharad Pawar-led NCP has got most of the 'plum' ministries.
India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
It was an illustrious gathering in Kanpur on Thursday as the Board of Control for Cricket in India felicitated its former Test captains including Sunil Gavaskar, Ravi Shastri, Mohammad Azharuddin, Sachin Tendulkar, Sourav Ganguly, Anil Kumble and Mahendra Singh Dhoni among others to celebrate India's 500th Test match.
RBI had received 72 applications for small finance bank licences.
Paswan was a minister under six different prime ministers, hardly out of government since he was first elected to the Lok Sabha in 1977, observes Virendra Kapoor.
The Pakistan Cricket Board said that it would file a compensation claim against the Board of Control for Cricket in India with the International Cricket Council's disputes resolution committee in January next year.
Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.
'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
RBI Governor Subbarao also said an increase in non-performing assets at lenders was a matter of concern, but added that banks were well capitalised, during a media briefing at the conclusion of the central bank's board meeting.
Obama, the first Black American president, said Harris "is more than prepared for the job," adding that it is, "a good day for our country".
Thomas Bach has virtually complete control over the body and by far the biggest influence on whether the Games will go ahead or not. With the Games having only been cancelled in the past due to World Wars One and Two, Bach will undoubtedly do everything in his power to protect the IOC's prime product
In August, the Fed announced that it would develop a "new interbank 24x7x365 RTGS with integrated clearing functionality to support faster payments in the United States". The Fed Board asked for comments on FedNow by November. In reply to this, Google mentioned its experience of launching Google Pay -- Google's payments app which uses the UPI -- in India.
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