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Reuters said that the Ministry of Corporate Affairs will look into allegations against Dewan highlighted by Cobrapost. The report further said that the government had already launched its probe. This news bought today crash, and DHFL’s shares have now tanked by 30% over the last four days. The company’s stock is now trading at Read More…
Infosys Chairman, Nandan Nilekani has been appointed as the chairman of the Reserve Bank of India’s committee on enhancing digital payments. Other than Nilekani, Kishore Sansi, Chairman and managing director of Bengaluru-based PSB Vijaya Bank is also part of the five-member committee. The committee includes three other H R Khan, former Deputy Governor Read More…
Former finance ministry official Shaktikanta Das was appointed as the new governor of the Reserve Bank of India (RBI), following the resignation of Urjit Patel last month amid tensions over the dividend payout and other issues. The government and RBI have now appointed a panel to look into the issue around the sharing of Read More…
“The MSME issue has been examined in RBI and a view has been taken to facilitate meaningful restructuring of MSME accounts that have become stressed,” it said. “RBI has decided to permit a one-time restructuring of existing loans to MSMEs that are in default but ‘standard’ as on January 1, 2019, without an asset Read More…
The new central bank governor has a list of challenges to face as he takes office: from fixing a banking crisis to convincing investors of the institution’s autonomy. Shaktikanta Das, 61, a former economic affairs secretary at the Finance Ministry, took charge at the Reserve Bank of India for a three-year term on Wednesday, Read More…
Consensus reached among opposition parties that the assault on institutions such as the RBI must be stopped, Congress president Rahul Gandhi said on Monday following the resignation of the central bank’s governor Urjit Patel. Rahul Gandhi’s remarks came after top leaders of over a dozen opposition parties met in New Delhi as part Read More…
In a sudden unprecedented development, the Reserve Bank of India (RBI) Governor Urjit Patel has resigned from his post citing ‘personal reasons’. It is important to note that there have been reports of conflict between the PM Modi led NDA government and the central bank. For the first time in the history of the Read More…
The Reserve Bank of India (RBI) might have the last laugh in its spat with the government as the expert committee on Micro, Small and Medium Enterprise (MSME) credit is unlikely to submit its recommendations before the upcoming General Elections. “An expert committee would be constituted by the RBI to identify causes and Read More…
WhatsApp Chief has written to the Reserve Bank of India (RBI), seeking a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the government over spread of fake messages on its platform, continues to wait for a regulatory clearance to launch Read More…
RBI Governor Urjit Patel Tuesday committed to a parliamentary committee to give in writing his views on some of the controversial issues, which may include the government citing never-used powers to get the central bank on the discussion table, said sources. Patel, who appeared before the 31-member Parliamentary Standing Committee on Finance, said the Read More…