How outsourcing raises US banks' operational risks

Raising concerns over American banks' outsourcing their work, a US watchdog has said that engaging with foreign as well as domestic third-party entities exposes lenders to increased operational and......

Reserve Bank appoints 3 new EDs

The Reserve Bank of India has appointed three new executive directors to fill up the posts that were vacated earlier. N S Vishwanathan, who was a principal chief general manager looking after the......

R Gandhi appointed deputy governor of RBI

The government, on Thursday, appointed R Gandhi as deputy governor of the Reserve Bank of India for three years, effective April 3, the central bank said.Gandhi was the executive director at the......

'RBI won't allow any cooperative bank to collapse'

One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das. After the fourth bi-monthly monetary policy committee (MPC) meeting on Friday,......