'Once the Hon'ble Supreme Court has declared the law, we are obliged to accept it. However, it is necessary to point out that the majority has not upheld the wisdom of the decision; nor has the majority concluded that the stated objectives were achieved,' the senior Congress leader said in a tweet.
'One of the nice things about being a central bank governor is that the markets hang on every word you say'.
The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.
The Reserve Bank of India may consider withdrawing excess liquidity in the system to tame high inflation in its monetary policy review later this month, Suresh Tendulkar, economist and former head of the Prime Minister's Economic Advisory Panel, said on Tuesday.
Reserve Bank Governor Shaktikanta Das on Wednesday said the country is at the doorstep of economic revival on the back of accommodative monetary and fiscal policies being pursued by the central bank and the government.
Strong dollar will impact financial system in India.
The CBI, in its FIR, alleged that Mayaram, the UK-based company De La Rue International Ltd and unidentified officials of the finance ministry and RBI hatched a criminal conspiracy to extend undue favour to the firm.
The Reserve Bank of India (RBI) is planning to introduce plastic currency notes as an experiment in five cities.
Analysts say strengthening bank's capital will boost earnings, bank needs chief with long stint to run show
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
The additional cash will now give the Centre more headroom for stimulating the economy.
Govt reconstitutes body, says will not interfere in senior PSB appointments
Sahoo panel suggests India must ease global borrwoging norms for corporate houses.
'People in politics have lost the value of being connected to their own people.' 'Now it's all about vote share, vote bank, how many parties can you break and make them join you.'
RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.
India's Right-wing has sought to own our democracy by making itself appear the stuff of majority, and sometimes, a national ethos older than the Constitution on which our democracy is based, argues Shyam G Menon.
If Tamil Nadu voters preferred the DMK combine, it owed to the Modi-Annamalai combo's ideological battle which often crossed the line of political decency and also challenged 'Tamil pride', argues N Sathiya Moorthy.
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
When a former police constable was appointed Gujarat unit chief, everyone was surprised. Now workers are laying bets on when he will be elevated to the Union Cabinet, notes Aditi Phadnis.
Giving details of Rajan's 'course schedule' for 2016-17, Chicago Booth School said this course will explore the challenges of corporate finance and investment in a more integrated global economy.
If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
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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.
India's wholesale price-based inflation is at a 30-year high, leading to a "very alarming" situation for the country, former World Bank chief economist Kaushik Basu said on Thursday. He, however, doesn't see any risk of hyperinflation, but cautioned that if retail inflation follows wholesale prices, it might lead to "inflationary crisis". Participating in a virtual event organised by the Asia Society, India, Basu said the inflationary situation in India is at a "very risky bend".
The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.
Subbarao said, short-term as well as medium-term prospects or Indian economy continue to be grim. Fiscal deficit is going to be much higher, the debt burden much larger and the financial sector will be in a worse shape.
Long jumper Murali Sreeshankar on Sunday 'voluntarily' gave dope sample to the NADA officials after producing a big leap of 8.41m to qualify for the upcoming World Championships so that 'nobody points any finger of suspicion'.
No word on appointment of Shagun Kapur Gogia
More than 127 million new bank accounts have been opened.
Maharashtra and West Bengal lead the way in bank fraud.
The former Union minister joined the UPA after holding talks with the Congress leadership.
A committee headed by Patel recommended retail inflation targeting and a monetary policy committee.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.
June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could easily qualify for a Kollywood blockbuster.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
How can you access the bank account of an incapacitated person?
The RBI has been critical of banks for using restructuring schemes to hide the stress.
Arvind Subramanian was appointed CEA in October 2014 and got a year's extension in September 2017
Disgruntled executives are already pinning hopes on the new banks, too.
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