Next RBI chief faces balancing act on bank clean-up
India`s next central bank chief faces a tricky task completing a bank clean-up spearheaded by outgoing Governor Raghuram Rajan, while coping with the demands of a government that is desperate to see a revival in lending to businesses.
Jun 27, 2016, 15:24 PM ISTBanking system vulnerable to financial contagion: RBI
India`s close ties between lenders would leave the banking system especially vulnerable to contagion in case of trouble at a single institution, the Reserve Bank of India (RBI) warned in a report on Monday.
Dec 29, 2014, 17:33 PM IST