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Reserve Bank Of India S S Mundra

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President's address to the Parliament

 Following is the trascriptof President Pratibha Patil's address to the joint sittingof Parliament on Thursday.Honourable Members, I convey my good wishes to you and to all our people. On behalf of......

Revealed: How PM Planned Demonetisation

 November 8 marks 6 years after demonetisation.A K Bhattacharya reveals how the prime minister and the RBI worked together for months before Modi's 8 pm speech.A riveting excerpt from The Rise Of......

'Even the RBI was caught by surprise and was totally unprepared to handle its fallout'

 I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500......

What is RBI's February 12 circular all about?

 The circular says even a day’s delay in servicing loans would be now taken as a ‘default’. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a......

Adani group, RIL, Tata lead race to buy bankrupt firms

 Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage. Better credit metrics and a zero default track record with banks is helping......

Lapses in banking system: Govt seeks RBI's views

 In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator The Union government has......

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