A two-year extension at the helm of the RBI still looks a real possibility
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Traders say the outlook for the rupee has improved on the back of a sharp narrowing in the current account deficit after government and central bank emergency measures such as curbing gold imports.
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Move to shift powers from RBI without discussions baffles many
Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.
EC received the RBI proposal in the first week of this month, soon after the model code of conduct came into force on March 5.
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Steps announced by new RBI Governor Raghuram Rajan could attract $10 billion of forex inflows in the next three months and this could be a material near-term positive for the rupee, which has lost 20 per cent since January, the London-based banking and financial services company said.
With March 2016 being the final quarter when banks will have to disclose their stressed assets, the markets are assuming the worst is yet to come
The recent weakness of the rupee has been due to yuan's devaluation.
Bankers expect RBI to help them spur lending growth.
India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?
Central Statistics Office has come out with GVA to measure growth.
Budget 2015 has blessed the banking sector.
Nowadays, our politics is habituated to sitting on a high pedestal, hobnobbing with world leaders, generating impressions of a superpower and returning to earth for the purpose of winning elections. In contrast, the yatra never left earth, observes Shyam G Menon.
Industrial ouput, however, was seen falling 0.6 per cent in January
The Reserve Bank of India has already reduced the policy rate by a total of 75 basis points, or 0.75 per cent, since January.
The Reserve Bank of India (RBI) is likely to take a "more dovish" stance in its upcoming monetary policy review on December 2 and may go in for a cut repo rate in February, according to a British brokerage house report.
Subramanian Swamy said if income tax is abolished, middle class will deposit money in banks which can be invested in manufacturing.
The single most important issue in Public Sector Banks is corruption.
This was at a meeting of the Financial Stability and Development Council, chaired by him. Chidambaram, set to resign on Friday to make way for his successor, called upon the regulators and the ministry to be ready and take necessary action.
After his decision to return back to academia, there have been voices suggesting that his candid public speeches were one of the aspects which made the government uncomfortable about reappointing Rajan for another term
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
Even if Modi had wanted Rajan out, the government could have done it with some finesse and tact.
Rajan tells RBI colleagues he will be returning to academics
Officials said Sebi is closely in touch with RBI on the market developments.
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
More than 127 million new bank accounts have been opened.
Jaitley said if interest rates were lowered, the economy could grow faster than 7-7.5 per cent.
Credible fiscal consolidation has been a consistent pre-condition to easing the monetary policy stance as far as the RBI is concerned.
RBI would get the comfort of meeting its 8 per cent January Consumer Price Index-based inflation target, BofA-ML said, adding that 'we expect the RBI to cut 75 bp in 2015 from February with inflation on course to 6 per cent in January 2016'.
Bad loans of PSU banks rose by 28.5 per cent.
The mergers will not involve any cash but only share swaps
Dy Governor notes it's an era of job changes for better.
RBI's foreign exchange reserves fell $237.5 million.
"My remarks are motivated by the desire for a more stable international system, a system that works equally for rich and poor, large and small, and not the specifics of our situation," Raghuram G Rajan, Governor, Reserve Bank of India said at the Brookings Institution on April 10, 2014.
'Space out when raising funds; Sebi mulls securitisation platform'
The headline HSBC India Purchasing Managers' Index -- a composite gauge designed to give a single-figure snapshot of manufacturing business conditions -- stood at 54.5 in December, up from 53.3 in the prior month.
Following the meeting, Subbarao said the central bank will look into the latest inflation numbers before coming out with the monetary policy review.
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