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Mundra flags concern over 'leaderless banks', calls for revamp

Mundra flags concern over 'leaderless banks', calls for revamp

Concerned over large number of retirements of senior officials at public sector banks (PSBs) in the near future, Reserve Bank Deputy Governor SS Mundra on Wednesday pressed for the need to focus on HR management and said there cannot be a "leaderless bank".

Mundra downplays money deposit issue on zero-balance accounts

Mundra downplays money deposit issue on zero-balance accounts

Terming instances of banks depositing money to reduce the number of accounts with zero balances as not a criminal act, Reserve Bank Deputy Governor S S Mundra on Monday said such stray incidents should not distract from the larger cause of financial inclusion.

RBI sets up working group on hedging of commodity price risk

RBI sets up working group on hedging of commodity price risk

Reserve Bank has set up a working group to review the guidelines for hedging of commodity price risk by residents in the overseas market amid rising volumes of cross-border trade.

 FPIs stay bullish on equities; pump in Rs 9,000 crore in August

FPIs stay bullish on equities; pump in Rs 9,000 crore in August

Overseas investors infused over Rs 9,000 crore into the country's equity markets in August, driven by global and domestic factors.

RBI, govt exploring introduction of interest-free banking

RBI, govt exploring introduction of interest-free banking

Reserve Bank and the government are exploring introduction of interest-free banking, also known as Islamic Banking, to financially include sections of the society that remains excluded due to religious reasons.

Masala bonds to ease capital constraints for banks: Fitch

Masala bonds to ease capital constraints for banks: Fitch

RBI's move to allow banks to issue masala bonds will remove obstacles for lenders in accessing additional tier I (AT1) and tier II bond capital and also widen the investors pool, says Fitch.

Not much shift in RBI policy ahead, 0.25% cut likely: Report

Not much shift in RBI policy ahead, 0.25% cut likely: Report

With the government setting inflation target at 4 percent, the Reserve Bank is unlikely to make much shift in its stance going forward and may go for a 25 bps cut in the second half of the fiscal.

Rajan may keep rate static in his last monetary policy tomorrow

Rajan may keep rate static in his last monetary policy tomorrow

Reserve Bank Governor Raghuram Rajan in his last monetary policy on Tuesday may keep interest rate static as retail inflation continues to be above the comfort zone.

Raghuram Rajan calls on Jaitley ahead of monetary policy

Reserve Bank Governor Raghuram Rajan on Friday called on Finance Minister Arun Jaitley and is believed to have discussed the macroeconomic situation ahead of his last monetary policy review on Tuesday.

Congress stages protests in Delhi against price hike

Hundreds of Congress supporters and leaders on Wednesday protested here against the hike in the rates of essential commodities and slammed Prime Minister Narendra Modi for not fulfilling the promises he had made to the people before the 2014 Lok Sabha elections.

Reserve Bank keeps repo rate unchanged at 6.5 percent

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India's manufacturing output grows at slowest pace in 5 months in May

India's manufacturing output grows at slowest pace in 5 months in May

Manufacturing output in India grew at its slowest pace in five months in May, suggesting that the sector is "barely improving" and adding to the clamour for further interest rate cuts by the Reserve Bank.

RBI looks to check customer liability in banking frauds

RBI looks to check customer liability in banking frauds

The objective is to plan, evolve, prepare, develop, promote and publish comprehensive codes and standards for banks and providing fair treatment to customers.

Foreign banks not expanding due to India's riskier rating: Rajan

Foreign banks not expanding due to India's riskier rating: Rajan

Foreign banks have stopped opening branches in India as they need to set aside a lot more capital due to the country's "higher risk" credit rating and they feel it is "not worth" doing so, Reserve Bank Governor Raghuram Rajan has said.

Raghuram Rajan unsure about second innings at RBI

Raghuram Rajan unsure about second innings at RBI

Raghuram Rajan's three-year tenure as Reserve Bank of India (RBI) governor ends on September 4. Considering this, various speculations are being made on a daily basis whether Rajan will be awarded a second term by the present government or not.

Will make list of wilful defaulters public: RBI Governor

Reserve Bank is working on a new system for making public the list of wilful defaulters, while a new mechanism is being put in place for out-of-court settlement of bad loan-related disputes, Governor Raghuram Rajan said.

Raghuram Rajan favours higher tolerance to wealth, not prohibition

Raghuram Rajan favours higher tolerance to wealth, not prohibition

Calling money a "great equaliser", Reserve Bank Governor Raghuram Rajan on Saturday called for raising society's tolerance towards wealth rather than prohibiting its use.

Remittances by overseas Indians fall by 2.9%, first decline since 2009

Remittances by overseas Indians fall by 2.9%, first decline since 2009

For the first time since 2009, remittances by the overseas Indians slowed down bringing worries to external advisers of Reserve Bank of India (RBI) governor Raghuram Rajan abou the monetary policy impact.

India's services sector growth softens in April

India's services sector growth softens in April

Private sector activity in the country eased in April amid slower expansion in new business inflows in services sector while order books at manufacturers also broadly stagnated, adding to the clamour for further interest rate cuts by Reserve Bank.

Housing prices rose during Oct-Dec quarter of 2015-16: RBI

The latest Reserve Bank of India data released on Thursday states that housing prices rose during Oct-Dec quarter of 2015-16.