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R Gandhi News

15 May 2019

Former RBI Deputy Guv R Gandhi appointed additional director on Yes Bank board

The appointment is for a period of two years with effect from May 14, 2019 to May 13, 2021 or till further orders, whichever is earlier, Yes Bank said in a filing to stock exchanges.

22 Jan 2019

Aadhaar verdict caused financial burden on fintech firms, confused banks

The apex court has declared the Aadhaar scheme constitutionally valid, striking down some of its provisions.

virtual currencies

01 Mar 2017

Virtual currencies pose real financial risk: RBI's Gandhi

Reserve Bank Deputy Governor R Gandhi on Wednesday raised concerns over virtual currencies such as Bitcoin and said they pose potential financial, legal, customer protection and security-related risks.

27 Sep 2016

Corporate bonds: Gandhi cautions against ignoring bank funding

Even as the government and the Reserve Bank are working in concert to deepen the corporate bond markets, deputy governor R Gandhi today said we must be "realistic" in our goals and not squeeze out the bank financing in the process.

05 Feb 2016

Macro-prudential policies may fall short: RBI

Reserve Bank deputy governor R Gandhi said the challenge is how to establish an implementable framework to deal with the emerging systemic risks at an "incipient" stage itself.

08 Sep 2015

Low inflation regime to last longer: Gandhi

The current regime of low inflation is likely to sustain for a longer period, Reserve Bank Deputy Governor R Gandhi said Tuesday.

14 Jul 2015

RBI's Gandhi asks PSU banks to space out fund-raising plans

Gandhi said there is a need for banks to shore up their capital in view of the migration to the capital-intensive Basel-III framework over the next four years and added that there are many ways to do so.

14 Jul 2015

SEBI working on reporting platform for debt securitisation: RBI

India`s market regulator is working on a platform for reporting securitisation deals, Reserve Bank of India deputy governor R Gandhi said on Tuesday.

28 Jun 2015

Frauds can't be wished away; banks among easy prey: RBI

"More often than not, the frauds lead to tighter regulations. These aim at bringing in both corrective and preventive measures," he said, while adding that banks must follow three KY Principles, Know its Customer, Know its Employee and Know its Partner, to check frauds.

State-owned banks

26 Jun 2015

State-owned banks will need additional capital to meet adequacy norms: RBI

Reserve Bank Deputy Governor R Gandhi on Friday said state-owned banks are "adequately" capitalised at present but would need additional money to comply with global capital adequacy norms in the future.

14 May 2015

RBI to come out with new series of currency notes soon

RBI on Thursday said it will soon come out with a new series of the currency notes as part of its constant endeavour to improve the security features of the currency bills.

10 Apr 2015

Banks can't deal in cash at IFSC: RBI

Reserve Bank Deputy Governor R Gandhi Friday made it clear that domestic banks setting up shops at the International Financial Services Centre (IFSC) here must adhere to anti-money laundering norms and refrain from doing cash transactions.

Govt borrowings

23 Mar 2015

Higher govt borrowings hurting corporate debt market: RBI

The rise in government borrowings through bonds is impeding the growth of the corporate debt market in the country, Reserve Bank Deputy Governor R Gandhi said Monday.

03 Mar 2015

Educate youth on credit culture: RBI to banks, credit bureau

Stating that bad loans from education segment are very high, Reserve Bank deputy governor R Gandhi on Tuesday asked credit information companies (CICs) and banks to 'counsel' the youth on good credit behaviour.

04 Mar 2015

PSBs should look at alternatives beyond govt infusion: RBI

Welcoming the government's move to selectively allocate capital to lenders, Reserve Bank deputy governor R Gandhi on Tuesday said PSBs will have to look at alternatives beyond the Centre's support for raising money going forward.

24 Nov 2014

Reserve Bank planning more measures for NBFCs

The Reserve Bank of India (RBI) is considering more measures for non-banking financial companies (NBFCs), including more oversight and bringing state-owned firms under central bank supervision, Deputy Governor R. Gandhi said in a speech on Sunday.

23 Nov 2014

Govts acting against firms accepting deposits without RBI nod

RBI has identified several financial companies accepting deposits from public without authorisation from it and state governments are in the process of taking action against them, RBI Deputy Governor R Gandhi said Sunday.

06 Nov 2014

RBI deputy says to adopt panel views on bank boards in phases

The country`s government-controlled banks together hold over 70 percent of market share by loans.

16 Sep 2014

Final norms for on tap bank licences this fiscal: RBI

Final guidelines for on tap universal banking licences will be issued in the current fiscal, Reserve Bank Deputy Governor R Gandhi said Tuesday.

21 Aug 2014

RBI, govt working to regulate illegal money taking entities

The Reserve Bank is working with the government to bring about changes in the law to regulate the entities who are illegally accepting deposits from the public, Deputy Governor R Gandhi said on Thursday.

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