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I-T Dept asked share wealth details of defaulters with banks

Last Updated: Thursday, May 29, 2014, 19:23

In a step to help public sector banks to recover bad loans, the Finance Ministry has asked the I-T Department to share details of defaulters' wealth tax returns with PSBs if they ask for such information.

'RBI to keep rates on hold'

Last Updated: Wednesday, May 28, 2014, 12:41

The Reserve Bank of India (RBI) is likely to keep monetary policy steady in June despite sluggish economic activity as inflation remains elevated, a Reuters poll showed on Wednesday.

Rajan calls for more global monetary policy coordination

Last Updated: Wednesday, May 28, 2014, 12:12

Reserve Bank Governor Raghuram Rajan on Wednesday made a case for more coordination in monetary policies by different central banks to deal with the spillover effect on emerging markets.

RBI's goal is to balance growth, inflation: Rajan

Last Updated: Tuesday, May 27, 2014, 13:07

Raghuram Rajan said on Tuesday fighting inflation would continue to be a top priority, although the central bank will also aim to strike a balance between promoting economic growth and containing inflation.

CRR a useful tool in RBI's hands: SBI chief

Last Updated: Friday, May 23, 2014, 20:38

Unlike the views of her predecessor Pratip Chaudhuri, State Bank of India (SBI) Chairman Arundhuti Bhattacharya on Friday said cash reserve ratio (CRR) was an useful tool in the hands of regulator Reserve Bank of India (RBI).

RBI for containing fiscal deficit, checking bad loans

Last Updated: Tuesday, May 20, 2014, 23:48

RBI Governor Raghuram Rajan Tuesday said containing fiscal deficit is essential for achieving sustainable growth and underlined the need for developing a "good system" to deal with bad loans in banking sector.

Fiscal discipline key for economic growth: Raghuram Rajan

Last Updated: Tuesday, May 20, 2014, 21:49

Reserve Bank of India Governor Raghuram Rajan on Tuesday reiterated his call for fiscal discipline, saying it is essential for India to achieve sustainable economic growth.

RBI to have regular process of bank licences: Rajan

Last Updated: Tuesday, May 20, 2014, 21:10

Reserve Bank of India Governor Raghuram Rajan Tuesday said the central bank would soon announce a regular process of granting bank licences, ending the current system of giving it in tranches.

PSU banks need to free themselves from govt influence: Raghuram Rajan

Last Updated: Tuesday, May 20, 2014, 19:46

Pitching for greater operational flexibility to public sector banks, Reserve Bank Governor Raghuram Rajan on Tuesday said they can become more competitive by distancing themselves from government influence.

Reform agenda, FM choice, Rajan retention to drive market mood: DBS

Last Updated: Tuesday, May 20, 2014, 17:08

On the issue of stimulus, the options of the government are also limited, DBS said.

Retain Raghuram Rajan as RBI Governor, Jagdish Bhagwati advises Modi

Last Updated: Monday, May 19, 2014, 20:02

Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.

Growth, inflation, deficits key challenges for new govt: Rajan

Last Updated: Thursday, May 15, 2014, 19:32

The new government will face four big challenges -- subdued growth, the fiscal and current account deficits and sticky inflation, RBI Governor Raghuram Rajan said on Thursday.