‘Central banker’s job has become much more political,’ Raghuram Rajan tells BBC

The former RBI governor said that a central bank governor should be somebody who understands the political structure within a country.

Scroll Staff

· 18 hours ago

State Bank of India waives charges on NEFT, RTGS transactions

The lender said it has also decided to do away with the charges on fund transfer through mobile phones using the immediate payment service from August 1.

Scroll Staff

· Jul 12, 2019 · 05:22 pm

Former RBI chief Urjit Patel says government, central bank didn’t manage economy well before 2014

Patel said the banks failed to maintain balanced credit lending growth and applied very little risk analysis and management in sifting good assets from bad.

Scroll Staff

· Jul 04, 2019 · 04:52 pm

J&K Bank Chairman Parvez Ahmad removed, searches conducted at the bank’s headquarters

Ahmad, who was removed five months before the end of his term, was appointed by the PDP-BJP combine in October 2016.

Scroll Staff

· Jun 08, 2019 · 07:53 pm

Yes Bank has been a stock market darling for years. Why are investors shunning it now?

The bank’s share price has halved in the last month alone.

Nupur Anand, qz.com

· May 21, 2019 · 01:30 pm

India needs ‘fewer and mega banks that are strong’, says Finance Minister Arun Jaitley

Jaitley met the board of the Reserve Bank of India on Monday.

Scroll Staff

· Feb 18, 2019 · 01:44 pm

RBI fines UCO Bank, Axis Bank and Syndicate Bank for violating regulations

The central bank imposed a Rs 2.2 crore fine on Axis Bank in two separate cases.

Scroll Staff

· Feb 06, 2019 · 01:00 pm

Merger of public sector banks will not lead to job losses, says Arun Jaitley

The merger of Dena and Vijaya banks with Bank of Baroda may also reduce the cost of lending, the Union finance minister told the Lok Sabha.

Scroll Staff

· Jan 04, 2019 · 04:50 pm

Merger of Dena and Vijaya banks with Bank of Baroda approved by Centre

Union minister Ravi Shankar Prasad said no one would be fired and there would be no impact on the service conditions of employees.

Scroll Staff

· Jan 02, 2019 · 06:49 pm

Banking sector on ‘course to recovery’ due to a decrease in bad loans, says RBI governor

The gross non-performing assets ratio of banks declined to 10.8% in September from 11.5% in March.

Scroll Staff

· Dec 31, 2018 · 07:09 pm

Centre has sought to raise capital infusion for public sector banks to Rs 83,000 crore, says Jaitley

The lending capacity of the banks is likely to enhance and will help them exit the RBI’s Prompt Corrective Action framework, the finance minister said.

Scroll Staff

· Dec 20, 2018 · 06:47 pm

RBI board meeting: Central bank and government to jointly set up panel to decide on surplus reserves

The central board of directors met for almost nine hours in Mumbai on Monday.

Scroll Staff

· Nov 19, 2018 · 08:42 pm