RBI Governor Raghuram Rajan on February 2, left the key interest rate unchanged citing inflation.
The Supreme Court decision to cancel the allocation of 214 coal blocks will have bearing on thermal power plants, in which the banks have put in more than Rs 1 lakh crore (Rs 1 trillion) as loans.
RBI has kept interest rate unchanged at 8 per cent since January
The NPA of the public sector banks rose to 6.03% as of June 2015.
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
RBI had received 72 applications for small finance bank licences.
Green signal from Jaitley; CVC okays Hemant Contractor for head of PFRDA
'I think the markets will move up given that there will be more money.'
Also says PSU banks divestment to be considered after improvement in governance
'After a long time, we have a governor who is approachable. The RBI's interactions with us are now much better.'
RBI governor Raghuram Rajan and the government are working towards financial inclusion.
Observing that it is not yet clear to him what the government means by 'Atmanirbhar Bharat', Rajan said if it is about creating an environment for production, then it is a re-branding of the Make in India initiative.
Officials, however, said one person's thinking might not change the views of the institution.
Raghuram Rajan said the passage of the GST Bill augurs well for the growing political consensus for economic reforms.
He warned low interest rates globally could distort markets and would be difficult to abandon
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed.
Rajan said the process of dialogue with the government did not reach a stage where he could have agreed to stay on
Reliance Industries' refining earnings will remain steady, supported by its position as India's largest importer of Russian crude and favourable global supplies, according to analysts at JM Financial and Goldman Sachs. Reliance imported more Russian barrels than any other Indian refiner in the past eight months, according to data from Bloomberg/Kpler.
The academic prize is sponsored by the Deutsche Bank Donation Fund and carries an endowment of euro 50,000.
Some accounts can be revived by rescheduling loans, which the RBI envisages to do once the norms get finalised after the public discussion.
The Reserve Bank had submitted a list of 150 top loan defaulters who owe banks more than Rs 500 crore in a sealed cover to the Supreme Court.
RBI promises to take all necessary steps, including liquidity support
India on Saturday favoured greater mobility of skilled labour
Subdued exports remain an area of concern.
Raghuram Rajan called for purposeful and effective action to counter the atmosphere of cynicism, which has slowed down the decision making process.
His tweets led to his followers proclaiming that he was backing Patel's appointment
Inheritance tax only helps the lawyers: Rajan
Admitting that there are governance issues in the public sector banks, RBI Governor Raghuram Rajan underlined the need for improving transparency in sanction of loans.
Fiscal outlook to be little bit challenging next year: CEA
Analysts are expecting inflation to fall further in October and November on base effect. Inflation measured by consumer prices has been trending down for over four months, and came in at 6.7 per cent in September.
P Chidambaram on Saturday wondered whether the Modi government "deserves" Raghuram Rajan
RBI Governor Raghuram Rajan, who today surprised markets with a rate hike, defended the move saying a rate cut would not have impacted either banks or borrowers and that bringing down retail prices is the key to sustainable growth.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
Most economists feel the RBI has room for a 25-basis point cut, having met inflation targets comfortably
RBI has, since January, cut its policy rate four times.
Financial services firm AnandRathi analysed the key points of the policy soon after it was announced.
The convertibility is RBI Governor's 'next big ambitious goal'.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
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