A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.
Docomo has now moved the London Court of Arbitration.
The convertibility is RBI Governor's 'next big ambitious goal'.
The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
With the introduction of new notes, India will have denominations of Rs 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2000.
Garg had refused to sign on the report finalised by the former Reserve Bank of India governor Bimal Jalan-led committee reviewing the central bank's economic capital framework (ECF).
'...Rs 137 lakh crores of people's money?' 'It is not the government's money, it is people's money.'
Licence winners are expected to be announced by the first quarter of 2014.
Ranjan was nominated to the board of ICICI Bank on April 7
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
The RBI wants to include shares and options within the variable salary of the CEOs, proposed to be capped at 200 per cent of their fixed salary; the floor for it is 50 per cent.
In the first half of the fiscal year, government had borrowed Rs 3.44 lakh crore.
Rajan's exit will neither affect the RBI's de facto independence nor its working.
Banks cannot shirk their responsibility in cases of frauds.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
Raghuram Rajan explains the rationale for his policy stance and other issues.
Non-Resident Indians and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get a declaration form stamped.
RBI has identified about 50 cases for NPA resolution after it was empowered by the government to ask banks to initiate insolvency proceedings.
Government may also consider giving relief to some of the worst-affected sectors.
The government wants the RBI to part with most of its profit as dividend.
The government is ready to support Air India, but wants the airline to improve its performance.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
There are 350,000 jewellers, of which 13,000 are BIS-certified.
The Reserve Bank of India has issued several warnings that the public should not fall prey to such unscrupulous activities and verify the companies offering loans online and through apps.
Referring to the proposed new monetary policy framework, it said in the weeks ahead, government and RBI will work towards it.
Nivedita Mookerji explains why a timely rollout of 5G may not be easy in India.
The Centre is pushing for bilateral trade with Cuba and its settlement in rupee as a part of its strategy to internationalise the domestic currency. A delegation from Cuba, including officials from its central bank, met Indian government officials and banks last month to discuss bilateral trade and settlement using the Reserve Bank of India's (RBI's) payment mechanism in rupee, said people aware of the matter. Since the Cuban nation has opened up its economy and is looking to implement reforms to attract investments from India, Cuban banks have evinced interest in opening special rupee vostro accounts (SRVAs) with Indian banks.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
The governance reforms, as an official put it, would bring in measures to track the performance of the executive-rank employees of the banks, intensively.
The new bond was changing hands at 7.72 per cent.
The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.
During the meeting with Finance Minister Nirmala Sitharaman, it was also suggested that employees' provident fund should increase its exposure in the stock market, which in turn would improve liquidity.
Rajan's departure from the RBI is an end to 'outside interference' in policy making, government insiders feel.
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With new private banks in the play, the going could become more difficult for the old-school state-run banks, already losing business and market position, forcing them to think hard towards consolidating and forming larger entities to garner big-ticket deals.
This permission was given some time late last month, before the Reserve Bank of India (RBI) on March 31 issued the indicative borrowing calendar for the states for April-June and the one for the Centre for April-September.
Unlike the first two stimulus packages, this time the focus would be on boosting demand.
A cut in rates would have encouraged the banks to lend aggressively on the retail front.
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