Although this may not be music to Raghuram Rajan and Viral Acharya's ears, the real reason in my estimation for their quitting is expatriate over-sensitivity, intolerance or arrogance, argues B S Raghavan, the distinguished civil servant.
The board is likely to take up the matter this month.
The new system is expected to give emphasis on various in-built credit enhancement structures.
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
A new Section prohibits banks to lend money to smaller subsidiaries companies despite Corporate Guarantee from the parent.
'AI will be bigger than the advent of the Internet or the harnessing of electricity.' 'India must embrace it with all its might,' says NITI Aayog CEO Amitabh Kant.
Do not game the system to run away from repaying the money you owe to the credit card company.
Perhaps the way forward could be the introduction of uniform rating standards - on the lines of accounting standards for the accounting profession - with a separate regulating authority for enforcing those standards, says Sudipto Dey.
Here's why consumers are shifting to large brands.
Noting that Lok Sabha elections are around the corner and only one session of Parliament remains, he asked the government to bring an ordinance.
In the April-June period, bond yields rose by 30 bps.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
'The government is in no hurry to talk to the separatists and would like to approach the Kashmiri people directly through various other organisations.' 'Officials in charge of J&K affairs at the Centre are clear that there would be no let up in the operations against terrorists,' reveals BharatShakti.in founder Nitin A Gokhale.
What stocks will gain from a normal monsoon?
The regulator will now call Chanda and ICICI Bank's representatives for a personal hearing as part of adjudication proceedings launched against them.
Stocks such as ICICI Bank, Axis Bank, State Bank of India, Bank of Baroda and HDFC Bank are among the top banking picks of analysts for 2017. A decline in cost of funds and treasury gains are expected to help stabilise their net interest margins
While KKR suffered their heaviest defeat of the season against Sunrisers Hyderabad in their last game, Pune looked to have found their mojo in the business end of the tournament having registered consecutive wins in their last two matches.
Efficient use of data and a great sense of timing are two things that stand out in the Sebi whole-time member's order in the matter of Reliance Petroleum
Infrastructure stocks are once again gaining traction.
Fraudsters duplicate SIM cards to hack into bank accounts.
What if you could have an option apart from personal loan in times of crisis?
As markets enter the new financial year and the long-term capital gains tax on the sale of stock investments kicks in, Abhinav Khanna, head of equities, Citi India, tells Puneet Wadhwa that he remains optimistic on the medium-to-long term growth of India, led by consumption recovery and the green shoots visible in the capex cycle.
Much of the pre-2014 peace in our hotspots is diminished. Kashmir is on the boil and the Northeast is anarchic, observes Shekhar Gupta.
Despite its love for feel-good, Tumhari Sulu isn't stuck in a fool's paradise and confronts the conflicts thrown in its path, feels Sukanya Verma.
To generate ample private sector interest, there is a need to introduce market-linked tariff rates.
Bala creates a world so mad yet meticulous and unlike no other in Mard Ko Dard Nahi Hota, raves Sukanya Verma.
The meeting will be attended by all heads and EDs of public sector banks
A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared.
'That the two sides allowed such a situation to arise exposed the level of inaction and inefficiency in China-India border management.' 'The Modi-Xi meeting in Xiamen initiated a process to to avert such contingencies in the future.'
On Monday, Reserve Bank hiked the lending rates to banks by 2 per cent to 10.25 per cent.
More than 1,500 shares listed in Shanghai and Shenzhen dived by the daily limit.
Banks are likely to cut rates even further, say finance minister Arun Jaitley.
A section of analysts feel now may not be a bad time to buy select PSBs.
'Happily,' says Ambassador B S Prakash, 'BRICS displayed new-found energy and built something real, a bank. Between needless nihilism and as yet unjustified euphoria, there are many stations for the BRICS train and we can watch its progress with renewed interest.'
Race 3 doesn't merely demand you to leave your brains behind but guarantees you won't find them anywhere even after the ordeal is over, feels Sukanya Verma.
This is the index's biggest single-day fall in almost a month
Gold loans are a quick, easy and low-cost way to meet your immediate and emergency financing needs, but do ensure that you entrust your gold in safe hands after thorough due diligence, suggests Gaurav Gupta, founder and CEO, MyLoanCare.in.
