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Neither doctor nor patient
Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty, once the most loquacious of central bank officials, has turned ultra-discreet after his 2010 criticism of RBI’s handling of monetary policy cost him key portfolios. So, reporters in Hyderabad were hard-pressed to get a comment out of him on Standard & Poor’s (S&P) downgrade of its outlook on India last week. After a volley of
Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty, once the most loquacious of central bank officials, has turned ultra-discreet after his 2010 criticism of RBI’s handling of monetary policy cost him key portfolios. So, reporters in Hyderabad were hard-pressed to get a comment out of him on Standard & Poor’s (S&P) downgrade of its outlook on India last week. After a volley of
'Our financial system is strong'
Against the backdrop of Standard & Poor's downgrading India's outlook to negative, Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty on Thursday said the country's financial system was
Against the backdrop of Standard & Poor's downgrading India's outlook to negative, Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty on Thursday said the country's financial system was
Financial inclusion should be a bank-led model: RBI
A top official of the Reserve Bank of India (RBI) said banks are in a better position as compared with other entities to lead the financial inclusion goal in India, though mobile companies have
Speculative innovation
Paul Volcker, former chairman of the US Federal Reserve, used to say the only worthwhile financial innovation in last 60 years is the automated teller machine (ATM). Reserve Bank of India’s
Call rate hits 2-month high of 10% on liquidity squeeze
The surge in demand for funds on the last day of the reporting fortnight and long weekend pushed inter-bank call rate to two-month high of 10 per cent.
The surge in demand for funds on the last day of the reporting fortnight and long weekend pushed inter-bank call rate to two-month high of 10 per cent.
Bankers for guidelines on restructured assets
Indian banks have asked the Reserve Bank of India (RBI) to announce proper guidelines on the classification of restructured assets, particularly for cases in which repayments are regular, under the
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