Expressing his satisfaction over the government's move to slash fiscal deficit target, Das said it will help improve investment by the private sector as crowding out impact will be less.
RBI had received 72 applications for small finance bank licences.
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.
The IMF Board of Governors have approved a general allocation of special drawing rights equivalent to $250 billion to provide liquidity to global economic system by supplementing its member countries' foreign exchange reserves.
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.
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.
Noble laureate Amartya Sen was appointed chancellor of the upcoming Nalanda University by the board of governors in a meeting in Patna on Thursday, officials said.
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.
Prakash was allegedly assaulted by Aam Aadmi Party MLAs during a meeting at the chief minister's residence in the evening of February 19.
'India is not so distant from years of high and entrenched inflationary expectations that it should start trying to play games with the economy the way the West's central bankers think they are entitled to,' argues Mihir S Sharma.
While a DFI will help banks derisk their loan portfolios, creation of a bad bank will clean up their balance sheets.
In a bid to enhance preparedness for disaster management among government officials involved in management of the annual Amarnath Yatra starting July 2, National Disaster Management Authority has planed to conduct a three-day mock drill.
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.
The Indian Air Force had on Thursday said all 13 people on board the aircraft have died.
The sources said the ministers and HRD officials however assured the students that their genuine demands like better amenities inside the campus and improving the academic atmosphere will be addressed.
Rajan will be closely working with the RBI governor and the four deputy governors to gain familiarity with the central bank's stance on various issues.
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.
Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
Modi said India has taken an important step forward in protecting its youth population against the disease.
The report contains names of entities eligible for bank licences. It was not immediately known how many applicants have been shortlisted by the high-level advisory panel.
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.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
He also complimented the United States for making it possible. The civil nuclear initiative was good for India and good for the world, he said in a statement.
Billions of rupees spent on river cleaning programmes have gone down the drain. This situation cannot be allowed to continue, says Business Standard.
In a strong counter to the narrative building around reasons for the exit of Professor Pratap Bhanu Mehta, Ashoka University Chancellor Rudrangshu Mukherjee has said the institution remains committed to academic freedom and intellectual independence while its Board of Trustee Chairman Ashish Dhawan promised an open line of communication.
Pakistan Cricket Board chairman Zaka Ashraf was suspended by the Islamabad High Court on Tuesday over what it described as the 'polluted' process to elect him to the post.
According to Subbarao, the pressure on the currency was inevitable.
Earlier in the day, International Atomic Energy Agency chief Mohamed ElBaradei had endorsed the India-specific safeguards agreement, asserting that it conformed to "all legal requirements" of his agency and that talks had begun on a system of extended inspections.
With his name or without, Jim Corbett continues to live on in his home in Uttarakahand's Kaladunghi and in the jungles he loved.
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
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.
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.
India's forex reserves recently declined by $704 million to $354.517 billion.
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.
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.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
Organiser, the Rashtriya Swayamsevak Sangh's organ, has alleged that prestigious institutes like Indian Institute of Technology were being turned into places for "anti-India and anti-Hindu" activities.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
The final and most significant reset in the relations between the government and the RBI is the manner in which the process of appointing the governor and deputy governors of the central bank has been changed.
