Powered by Splco Media
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…
Information Commissioner M Sridhar Acharyulu has taken on his chief R K Mathur a day before his retirement after the latter objected to his decision asking the RBI to disclose details of wilful defaulters. Acharyulu, who retired on Tuesday, shot off a letter to Chief Information Commissioner Mathur on Monday against Mathur’s reasoning against Read More…
A closely watched meeting of the board of the Reserve Bank of India ended this evening with the central bank agreeing to increase liquidity in the open market. An increased cash flow was among the issues that had brought the Urjit Patel-led RBI and the Narendra Modi government at loggerheads. During the meeting, the RBI Read More…