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Rangarajan Favours RBI Majority in Monetary Policy Panel
Joining the debate over the powers of Reserve Bank of India Governor in setting policy rate, C Rangarajan, former head of the central bank, has said the government can do away with the veto power of Governor but a majority of members in the Monetary Policy Committee should be from the RBI.
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RBI Cautious Now, 0.25% Rate Cut Likely in September: Rangarajan
Stating that the Reserve Bank of India (RBI) has adopted a cautious approach in keeping rates unchanged on Tuesday, former governor C Rangarajan on Tuesday said the central bank may cut rate by 0.25 basis points by next month if monsoon turns out to be good.
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See EMIs Coming Down from Next Month: Kotak Mahindra Bank
Dr Rajan is confident the RBI's move would prompt banks to cut lending rates.
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PNB's Kamath leads race to succeed Chakrabarty as RBI Deputy Governor: report
A search panel, headed by Reserve Bank of India (RBI) Governor Raghuram Rajan, has zeroed in on a successor to Deputy Governor K C Chakrabarty and Punjab National Bank chairman K R Kamath is believed to be top in the reckoning, according to an official privy to the development.
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Panel on new bank licences holds first meeting
The four-hour long meeting of the high-level advisory committee (HLAC) was attended by other members---Usha Thorat, former RBI Deputy Governor, C B Bhave former SebiI chief, and Nachiket M Mor, Director of the Central Board of Directors of RBI.
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Provisional list of new banks by January, says RBI Deputy Governor
Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty has said that only a provisional list of new bank licencees will be announced by January and it will take at least two years for a player to become operational.
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Videocon unit Value Industries withdraws application for bank licence
The name of K C Land & Finance Ltd, whose application was received but was inadvertently not included in the list of applicants for new bank licences in the private sector, has been added.
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Raghuram Rajan 'excellent choice' for RBI top job: C Rangarajan
Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Tuesday welcomed appointment of Raghuram Rajan as RBI Governor, saying he is an "excellent choice" to give direction to the Indian financial system during the challenging times.
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DRI official's bail plea dismissed
A CBI court dismissed the bail plea of C Rajan, Additional Director General in Directorate of Revenue Intellegence, who was arrested on charges of accepting bribe to defreeze a bank account, agreeing with the contention that he was an influential person.
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Senior DRI official held on graft charges
CBI arrested a senior Directorate of Revenue Intelligence official for allegedly accepting a bribe of Rs two lakh and an ipad.
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iPad helps trap corrupt Chennai babu
The CBI has arrested Additional Director General of Revenue Intelligence, C Rajan, in Chennai.
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Political climate in India needs to get better: Raghuram Rajan
Speaking to NDTV's Prashant Nair at the World Economic Forum in Davos, Rajan said that India needs to resolve many issues like power shortage, land acquisition and education in order to get back growth.
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Rangarajan Favours RBI Majority in Monetary Policy Panel
Joining the debate over the powers of Reserve Bank of India Governor in setting policy rate, C Rangarajan, former head of the central bank, has said the government can do away with the veto power of Governor but a majority of members in the Monetary Policy Committee should be from the RBI.
-
RBI Cautious Now, 0.25% Rate Cut Likely in September: Rangarajan
Stating that the Reserve Bank of India (RBI) has adopted a cautious approach in keeping rates unchanged on Tuesday, former governor C Rangarajan on Tuesday said the central bank may cut rate by 0.25 basis points by next month if monsoon turns out to be good.
-
See EMIs Coming Down from Next Month: Kotak Mahindra Bank
Dr Rajan is confident the RBI's move would prompt banks to cut lending rates.
-
PNB's Kamath leads race to succeed Chakrabarty as RBI Deputy Governor: report
A search panel, headed by Reserve Bank of India (RBI) Governor Raghuram Rajan, has zeroed in on a successor to Deputy Governor K C Chakrabarty and Punjab National Bank chairman K R Kamath is believed to be top in the reckoning, according to an official privy to the development.
-
Panel on new bank licences holds first meeting
The four-hour long meeting of the high-level advisory committee (HLAC) was attended by other members---Usha Thorat, former RBI Deputy Governor, C B Bhave former SebiI chief, and Nachiket M Mor, Director of the Central Board of Directors of RBI.
-
Provisional list of new banks by January, says RBI Deputy Governor
Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty has said that only a provisional list of new bank licencees will be announced by January and it will take at least two years for a player to become operational.
-
Videocon unit Value Industries withdraws application for bank licence
The name of K C Land & Finance Ltd, whose application was received but was inadvertently not included in the list of applicants for new bank licences in the private sector, has been added.
-
Raghuram Rajan 'excellent choice' for RBI top job: C Rangarajan
Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Tuesday welcomed appointment of Raghuram Rajan as RBI Governor, saying he is an "excellent choice" to give direction to the Indian financial system during the challenging times.
-
DRI official's bail plea dismissed
A CBI court dismissed the bail plea of C Rajan, Additional Director General in Directorate of Revenue Intellegence, who was arrested on charges of accepting bribe to defreeze a bank account, agreeing with the contention that he was an influential person.
-
Senior DRI official held on graft charges
CBI arrested a senior Directorate of Revenue Intelligence official for allegedly accepting a bribe of Rs two lakh and an ipad.
-
iPad helps trap corrupt Chennai babu
The CBI has arrested Additional Director General of Revenue Intelligence, C Rajan, in Chennai.
-
Political climate in India needs to get better: Raghuram Rajan
Speaking to NDTV's Prashant Nair at the World Economic Forum in Davos, Rajan said that India needs to resolve many issues like power shortage, land acquisition and education in order to get back growth.
