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Change of guard at RBI: Patel’s tenure begins

Urjit Patel     Mumbai : In a low-key affair, Urjit Patel has begun his innings as Reserve Bank’s new Governor with a private off-media ‘handover’ ceremony today — a marked departure [...]

September 6th, 2016 | Posted in Highlights,Mumbai,Topnews | Read More »

RBI’s ability to say ‘no’ to govt must be protected: Rajan

Raghuram Rajan addressing FIBACNew Delhi : A day before demitting office, Reserve Bank Governor Raghuram Rajan today said the RBI’s ability to say ‘no’ to highest echelons of government has to be protected [...]

September 3rd, 2016 | Posted in Business,Highlights,Topnews | Read More »

Rate cut possible only if inflation eases: Rajan

Reserve Bank of India      Mumbai : Inflation projections are still at the upper limit of Reserve Bank’s target and the policy rate can be cut only if inflation eases, outgoing Governor Raghuram [...]

August 29th, 2016 | Posted in Highlights,Mumbai | Read More »

Rajan asks banks to improve cyber security systems

Rajan at book launch     Mumbai : In the wake of increased instances of cyber attacks, Governor Raghuram Rajan today said Reserve Bank is improving its capabilities and also urged the lenders to [...]

August 16th, 2016 | Posted in Mumbai | Read More »

Rajan wants individual bankers to take onus for large loans

RBI monthly monetary policyMumbai : Reserve Bank Governor Raghuram Rajan today said there is a need to shift loan sanctioning process from the present committee-based approach to single banker taking up the responsibility [...]

August 16th, 2016 | Posted in Business,Highlights | Read More »

RBI to transfer Rs 65,876 crore surplus to government

Reserve Bank of India      Mumbai : The Reserve Bank will transfer to the central government its surplus profit of Rs 65,876 crore, marginally lower than the amount given last year. “The (RBI [...]

August 11th, 2016 | Posted in Business,Highlights | Read More »

Whatever I say will be ‘problematic': Rajan on Modi

Raghuram Rajan at Presidency University     London : Reserve Bank’s outgoing Governor Raghuram Rajan, whose outspoken views have often been seen as being critical of the government, feels whatever he will say on Prime [...]

August 11th, 2016 | Posted in Business,Highlights,Topnews | Read More »

Timely GST roll out challenge; inflation impact limited: RBI

Raghuram Rajan interacts with media      New Delhi : Reserve Bank today said the April 1, 2017 deadline for rolling out the Goods and Services Tax is a challenge but the new indirect tax [...]

August 9th, 2016 | Posted in Business,Highlights,Topnews | Read More »

RBI retains growth projection at 7.6%, warns of global impact

Reserve Bank of India      Mumbai : The Reserve Bank today retained growth projection for the current fiscal at 7.6 per cent but cautioned that sluggishness in global economy may neutralise India’s momentum [...]

August 9th, 2016 | Posted in Business,Highlights | Read More »

Comfortable with NPA clean-up so far, says Rajan

RBI Governor at ASSOCHAM event     Mumbai : Reserve Bank Governor Raghuram Rajan today said he is comfortable with the stressed assets recognition process undertaken by the banks in the process of cleaning up [...]

August 9th, 2016 | Posted in Business,Highlights,Topnews | Read More »