The Reserve Bank of India’s (RBI’s) proposal to allow large corporate houses to set up banks is a “bombshell”, former RBI governor Raghuram Rajan and ex-deputy governor Viral Acharya wrote in a joint article on Monday.
Reserve bank of India
Modi govt is touting a 7% GDP growth in the fiscal year that ended last month. By Andy Mukherjee India’s Prime Minister Narendra Modi has an election to fight. So naturally, his government is touting statistics that show 7 percent… Read More ›
Canara Bank becomes the first public sector bank in India to meet RBI’s EMV mandate. ACI Worldwide, a global provider of real-time electronic payment and banking solutions, announced that Canara Bank has successfully rolled out major new functionality to support EMV card… Read More ›
Even after the last policy rate reduction, only two banks–SBI and Bank of Maharashtra–chose to do something, by lowering just one-fifth of what the RBI did Source: Business Standard Reserve Bank governor Shaktikanta Das Thursday met bankers and appealed… Read More ›