Posts in tag

reserve bank of India


Urjit Patel Briefs Parliamentary Panel On Notes Ban, Reforms In RBI

RBI Governor Urjit Patel Tuesday appeared before a parliamentary panel to talk on demonetization and NPA situation in the public sector banks, among other issues, sources said. Patel was before scheduled to appear before the panel on November 12. The source said matter related to November 2016 demonetization of old Rs. 500/1000 notes, reforms in …

Feud Not Over, Centre To Push Governance Changes In Next RBI Meet

The government needs to discuss changes to the Reserve Bank of India’s governance structure at a board meeting next month, comprising setting up some oversight panels, Economic Secretary Subhash Chandra Garg told ET Now. Garg, who is a government nominee for the RBI board, told another television channel, CNBC-TV18, that the administration will ask for …

urjit patel

Early life and education Urjit Patel was born in Nairobi on 28 October 1963 to Manjula and Ravindra Patel. His grandfather had moved from Mahudha village in Kheda district, Gujarat to Kenya in the 20th century. His parents run Raxo Products Ltd, a chemical factory situated in Nairobi. He studied at Gujarati community run Visa …

RBI vs govtThe 18 wise men tasked with supervision of the Mint Street

As an unprecedented fight plays out between the RBI and the government, it is the central bank’s 18 board members who are being keenly seeks for their next course of action — they are not only central bankers and government officials but also business leaders, economists, and activists. The RBI board is scheduled to meet next on …

It costs the RBI more to print a ₹20 note than a ₹50 note

Rupees 20 may be lower in denomination than ₹50, but the cost of production of ₹20 note is greater than ₹50. According to information gathered by BusinessLine under Right to Information Act (RTI), the Reserve Bank of India stated the selling price of currency notes varies between ₹0.70 and ₹4.18 for several denominations. The selling …

The government established turn up the heat on RBI governor Urjit Patel

The government intends to keep pressing demands for the country’s central bank to relax lending curbs and hand over high reserves even if it risks provoking a resignation by the bank’s governor, three sources similar with the government’s thinking told Reuters. While there appeared to be a partial truce last week when the government said …

Reserve Bank of India plans payments authority

The Reserve Bank of India is likely to set up an ombudsman for digital payments by March to take the load off the increasing number of complaints presently being handled by the banking ombudsman, said two senior bankers with knowledge of the matter. Given the rapid adoption of digital payments in the whole of the …

RBL Bank plans to go for a ‘selective’ approach to finance highway projects

At a time when big banks are shying away from the infrastructure sector, private-sector lender RBL Bank is eyeing highway projects with plans to make selective financing. “We are just about starting to take baby steps into some selective project financing. So, we are looking at roads where there is guaranteed by the National Highways …

With matters over the availability of bank loans, road sector valuations take a hit

Even as the road sector remains a safe bet for lenders compared to other infrastructure segments, grows project-financing risks and concerns over leverage are dampening investor appetite, according to experts. In its report on the Indian road sector, financial services firm Nomura pointed that the last two quarters have been strong in terms of execution …

After locking horns with the Centre, RBI seeking for middle ground on many issues

After the stand-off between the government and the RBI came out in the open, the Reserve Bank’s central board members are believed to be creating efforts to find a middle ground on a host of issues – including those related to tapping the central bank’s reserves, relaxing the prompt corrective action (PCA) framework imposed on …

insolvency and bankruptcy board of india

The Insolvency and Bankruptcy Board of India was set up on 1st October 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a major pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the laws concerning to reorganization and insolvency resolution of corporate persons, partnership firms and individuals …