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'Better corp governance helps private banks limit NPAs'

Former Reserve Bank Deputy Governor K C Chakrabarty on Friday said private banks have been able to contain issues around asset quality plaguing the sector due to better corporate governance and hard work.

Much remains to be done on financial inclusion: Chakrabarty

K C Chakrabarty termed his stint at the central bank as very satisfactory.

My contrarian views have been vindicated: Chakrabarty

Outgoing RBI Deputy Governor K C Chakrabarty, who earned a reputation for being too candid during his 5-year stint at the central bank, Thursday said many of his views have been vindicated from time to time.

Kamath leads race to succeed Chakrabarty as RBI DG

Raghuram Rajan headed search panel has zeroed in on a successor to RBI Deputy Governor K C Chakrabarty and PNB Chairman K R Kamath is believed to be top in the reckoning.

Rajan thanks Chakrabarty, says search on for successor

Thanking Deputy Governor K C Chakrabarty for his services to the central bank, Reserve Bank Governor Raghuram Rajan on Friday said an exercises has been initiated to find his successor.

No differences with Rajan, says Chakrabarty

Reserve Bank Deputy Governor K C Chakrabarty on Friday said there was no difference of opinion with the Governor and his resignation was a personal decision.

More banks importing gold can bring down prices: Chakrabarty

According to sources, RBI has permitted Axis Bank, Kotak Mahindra Bank, IndusInd Bank and Yes Bank to import gold.

Banks free to charge 'reasonable ATM fees': RBI's Chakrabarty

The senior-most Deputy Governor said till now, no request has come from the banks to raise the fees for transacting at ATMs.

Subsidy kills innovation, interest of people: Chakrabarty

RBI Deputy Governor K C Chakrabarty Saturday said subsidies killed innovation and interest of people even as leaders of various industrial sectors demanded sops to nurse their companies back to health.

RBI asks people to be cautious of bitcoins

RBI on Saturday cautioned people about bitcoins, virtual currency which has risen sharply in value in the past few months, but said any regulation on it would come only after it understood the subject.

Chakrabarty lambasts ARCs for killing their own business

"ARCs have failed in our country because their pricing is the most non-transparent. Bring more transparency in the pricing," he said while speaking at the annual Bancon over the weekend here.

RBI blames inflation for high interest rates

The RBI on Friday attributed high interest regime to inflation and said banks in such a scenario would not be able to pass on lower rates even if the policy rate is brought down.

RBI for tightening vigil to check revenue leakage

"Considering the prevalent situation in which public institutions are not performing with optimal efficiency leading to leakage of revenue as well as financial losses, there is an immediate need to strengthen institutional control mechanisms, particularly in respect of banks, financial institutions and PSUs organisations," he said.

NBFCs have advantage in bank licence application: Chakrabarty

Non-banking finance companies (NBFCs) have advantage over other applicants for banking licences as they already have good customer base, Reserve Bank Deputy Governor K C Chakrabarty said Wednesday.

RBI considering making bank licencing process more frequent

In order to expand the reach of banking, Reserve Bank today said it is considering making bank licensing process more frequent and allow free entry of banks as and when necessary.

Only provisional list of new banks by Jan: Chakrabarty

Reserve Bank Deputy Governor K C Chakrabarty has said 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.

Blame high inflation, not RBI, for killing growth: Chakrabarty

RBI Deputy Governor K C Chakrabarty said it is unfair to blame RBI for low growth.

Govt's cheap loan plan can have adverse effect: Chakrabarty

Even as government plans to prop up demand through lower rates of interest for auto and consumer loans, senior-most RBI Deputy Governor K C Chakrabarty on Friday said this can have an adverse impact on their asset quality as "no one can force" lenders to selectively cut rates.

Only 40,000 villages in India have bank branches: RBI

Stressing the need for penetration of banks across the country, RBI Deputy Governor K C Chakrabarty Tuesday said only 40,000 out of 600,000 villages have bank branches.

Financial inclusion is not charity, says Chakrabarty

Reserve Bank Deputy Governor K C Chakrabarty has said banks cannot do financial inclusion as "charity" but only as a viable business model and for long- term survival achieving this is a must.