The RBI, according to the source, wants details on the procedure followed for credit appraisal by the bank while giving loans to Videocon.
Tabled by Minister of State for Home Affairs Nityanand Rai, the legislation will reverse the effect of the Supreme Court verdict in May that gave the Delhi government power over administrative services.
RBI chief Raghuram Rajan said Asia's third-largest economy is being hampered by a drop in public and private investments.
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
'India is possibly the most fiscally constrained market in the region.'
Finance Minister had announced the scheme in the Union Budget.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
Gautam Adani's alleged proximity to Narendra Modi may dent the latter's self-styled image of incorruptibility, points out Kanika Datta.
Elaborating this, Swati Piramal, vice president, Assocham and director of drug major Nicholas Piramal said though big multinational pharmaceutical companies have adequate cash reserves to face the global crisis, small and medium scale research-driven pharmaceutical and biotech companies which are heavily dependent on external funds for survival, may find the going tough and this will open up acquisition opportunities for Indian companies.
The facility has been branded 'Indicash'. Last month, TCPS secured a licence from the Reserve Bank of India to launch white-label ATM operations, under the central bank's scheme 'B'.
It was touted as a game changer but big-ticket privatisation has been a mixed bag as the government faces unanticipated challenges of lukewarm investor response, employee union agitation and legal hurdles. Prime Minister Narendra Modi's often-repeated statement 'the government has no business to be in business' guided the drawing up of an ambitious privatisation pipeline. While Air India sale succeeded, Bharat Petroleum Corporation Ltd (BPCL) divestment failed.
"I think bankers have expressed some concern that they should not be held liable for actions that are taken in the full spirit of what is needed," Raghuram Rajan said.
If imputed inflation for April and May is used, then you have inflation of over 6 per cent for two consecutive quarters, which is a worrying signal for the RBI.
Given the relevance of bank deposits for Indian savers, whether the regulator would permit linking savings interest rate to a repo-like structure needs to be seen, as a move of this nature could increase volatility in savings also.
'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'
Many years during which monsoons were poor saw high returns, while normal or excess rainfall has also coincided with poor calendar year gains.
The Supreme Court on Friday refused to accept in a sealed cover the Centre's suggestion on a proposed panel of experts for strengthening regulatory measures for stock markets in the wake of the recent Adani group shares crash triggered by Hindenburg Research's fraud allegations.
It was unclear how bankers were deciding which jewellers to support
Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.
The central bank measures though are also taking a toll on the banking sector, which is heavily reliant on short-term money markets for capital.
'Modi wants to reverse everything Nehru did, but is shy of touching his daughter's most unwise policies.' 'There is no example of this more stark than bank nationalisation,' says Shekhar Gupta.
The competent authority under the Foreign Exchange Management Act (FEMA) has approved an order of seizure of over Rs 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi -- the highest amount frozen till date in India -- the ED said Friday. The agency charged the popular Chinese phone maker with remitting foreign currency equivalent to Rs 5,551.27 crore to three entities -- one Xiaomi Group company and two US-based unrelated entities -- in the guise of royalty. The Enforcement Directorate (ED) had first issued the order of seizure of these bank deposits on April 29 under the FEMA and later sent it for approval of the competent authority, as required under the law that regulates foreign exchange violations in the country.
BMS, a union affiliated to RSS, plans rally at Delhi's Ramlila Ground on Nov 17; SJM to protest on Oct 29.
'If you look at the order books of capital equipment companies or money deployed on the ground, there is forward movement in terms of actual investment by the private sector.'
'We suggest investors with suitable risk appetite to consider allocating 40-50 per cent in large-caps, 25-30 per cent of funds in quality mid and small-caps and the rest in debt and high yield products.'
'The central BJP leaders were determined to push Hindutva hard, and it failed.'
Given the stability of the rupee over the last 10 months, many companies have been tempted not to hedge their foreign currency risk.
Total scam in collusion with middlemen is estimated at over Rs 700 crore. Probe is on in 10 more cases.
'I see in the BJP an attempt to get growth and redistribution of resources.' 'For growth you need growth of the economy.'
Shareholder advisory companies are raising eyebrows at the ICICI Bank board not being aware of Firstland's investment in NuPower
The first task before him is to get used to the idea of working with the Monetary Policy Committee
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
Ten trade unions to go on strike to protest against changes in labour laws
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
Govt sets up task force to monitor circulation of fake currency; suspicious Jan Dhan accounts under scanner.
It is not much of an issue just now, but it could become one if the idea of caste census captures socio-political imagination, going beyond electoral tags and identities, says N Sathiya Moorthy.
'People coming from the slightly upper section of Palestinian society want to fight and I see vengeance in their eyes.'
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
.jpg)
Companies are legally allowed to invest in markets in India, but the practice has seldom stirred central bank concern until recently, when they have become much more active players.
Delhi Chief Minister Arvind Kejriwal on Wednesday urged the Centre to intervene to ensure that levels of the Yamuna, flowing at an all-time high of 207.55 metres, don't rise further.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances