Slowdown of credit pre-dates banks drive against NPAs: Raghuram Rajan
Rajan describes how the Reserve Bank of India`s (RBI) repeated attempts to seek a resolution of stressed assets issue met with tepid response from bankers.
Sep 03, 2017, 16:28 PM IST
Raghuram Rajan took many steps to put banking system in right direction: President
Just retired RBI Governor Raghuram Rajan's clean-up of more than USD 100 billion of stressed assets on the books of banks today came in for praise from President Pranab Mukherjee who felt rising NPAs are not a desirable situation.
Subramanian Swamy fires fresh salvo at Raghuram Rajan, claims he has no degree in economics
BJP's firebrand leader Subramanian Swamy has fired a fresh salvo at the outgoing RBI Governor Raghuram Rajan, claiming that he had no degree in economics.
Aug 26, 2016, 09:02 AM IST
Banks asset quality stress needs to be dealt first: RBI Governor
Stressing on need to continue with sound domestic policies and reforms, RBI Governor Raghuram Rajan today said banks' asset quality stress has to be dealt first in order to revive the credit growth.
Jun 28, 2016, 18:06 PM IST
Indian banks' bad loans may rise to 8.5% by March 2017: RBI
Gross bad loans at Indian banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of asset quality reviews, a Reserve Bank of India (RBI) report said on Tuesday.
Jun 28, 2016, 17:40 PM IST
Princeton economist backs Raghuram Rajan's second term at RBI
New Delhi: Backing a second term for RBI Governor Raghuram Rajan, leading Indian-American economist at Princeton University Avinash Dixit said the apex bank chief should have "full operational independence" when it comes to pursuing targets on employment, growth and inflation.
Jun 06, 2016, 13:25 PM IST
RBI governor Rajan says core inflation a bit higher than desired
Indian core inflation remains sticky and a bit higher than policymakers would like to see, Reserve Bank of India governor Raghuram Rajan said on Friday.
May 13, 2016, 15:32 PM IST
No silver bullet, government working on rate transmission: Jayant Sinha
Government is looking at ways to ensure transmission of monetary action on the ground as there is no silver bullet that can deal with the rate cut issue, Minister of State for Finance Jayant Sinha today said.
Apr 05, 2016, 16:06 PM IST
PM Narendra Modi to inaugurate Delhi Economic Conclave today
Delhi Economic Conclave, deliberating on a number of global and domestic financial issues, will be inaugurated by Prime Minister Narendra Modi today.
Nov 06, 2015, 09:07 AM IST
Galaxy of leaders speak against intolerance
A galaxy of personalities on Saturday joined the debate on growing intolerance with music maestro Zubin Mehta speaking against "ostracising" writers and authors that would amount to cultural dictatorship while RBI Governor Raghuram Rajan said tolerance and mutual respect was necessary.
Oct 31, 2015, 21:04 PM IST
Now, RBI Governor Rajan says ethnic intolerance not conducive for progress
The Reserve Bank of India Governor Raghuram Rajan has expressed strong opinion against the ethnic intolerance prevailing in the country, and called for the environment of tolerance and mutual respect.
Oct 31, 2015, 12:43 PM IST
State Bank of Travancore cuts base rate to 10.15 per cent
State Bank of Travancore (SBT) today became the first bank to cut benchmark lending rate, or base rate, by 0.1 percent to 10.15 percent, almost a week after RBI slashed policy rate by 0.25 percent.
Mar 09, 2015, 14:17 PM IST
