Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan on Saturday cautioned against overstating the bad loans crisis in the banking system lest it hampers the entire lending operations and growth.
New Delhi: Finance Minister Arun Jaitley's decision to stick to the fiscal deficit targets of 3.9 per cent and 3.5 per cent for this year as well as the 2016-17 financial year respectively has sent markets
Mumbai: The Reserve Bank today said it will soon undertake "incognito visits" to bank branches to check culture towards customer complaints in banks.It will also undertake a review of how banks have implemented Charter of
Kochi: Amid mounting bad loan worries at public sector lenders, RBI Governor Raghuram Rajan today said there is no question of going back on the clean-up drive even as he assured full support to all banks including those
Mumbai: Stressing that cleaner balancesheets will lead to future loan growth for banks, RBI chief Raghuram Rajan today said a "deep surgery" is must for the clean-up that would require an "anaesthetic" in the form
Mumbai: RBI Governor Raghuram Rajan has said the central bank has finished negotiations with the Finance Ministry on the vexed issue of the monetary policy committee, but declined to give details, saying the government will
Reserve Bank of India has witnessed 22 Governors since its establishment on April 1, 1935, but none of them has got the kind of attention Raghuram Rajan has received.Such was the buzz surrounding the economist,
Mumbai: Reserve Bank of India (RBI) Governor Raghuram Rajan today announced various steps to facilitate the 'ease of doing business' for startups.Rajan announced a string of initiatives, while announcing the sixth bi-monthly monetary policy review."In
Mumbai: RBI Governor Raghuram Rajan today kept growth projections for Indian economy unchanged at 7.4% for the current financial year, higher than 7.3% forecast by the World Bank."The Indian economy is currently being viewed as
New Delhi: Ahead of the Budget, Reserve Bank of India (RBI) Governor Raghuram Rajan warned against generating economic growth through additional debt saying that any deviation from the fiscal consolidation path will hurt stability of
Mumbai: India's central bank Governor Raghuram Rajan today raised doubts over the new methodology adopted by India to compute GDP growth rate, calling for better computation of numbers to avoid overlaps and capture the net
Davos: Economic reforms in India are going in the right direction, but the level is "wrong", RBI Governor Raghuram Rajan has said, referring to some of the outdated regulations that are currently in place."Well let
New Delhi: Governor of the Reserve Bank of India Raghuram Rajan has said that implementation remained the biggest challenge to India's growth promise, adding that delivering on its promises will make India "the place to
New Delhi: Reserve Bank of India Governor Raghuram Rajan on Wednesday said the central bank will carefully look into the latest data on industrial production, which registered the sharpest decline in 4 years at 3.2
New Delhi: RBI Governor Raghuram Rajan has said there is need to avoid beggar-thy-neighbour policies and sustained exchange-rate intervention that primarily induce capital outflows and competitive currency devaluations."In an ideal world, the political imperative for
Washington: Optimistic about the passage of long pending goods and services tax (GST) bill in the Parliament, Reserve Bank of India (RBI) governor Raghuram Rajan has told American investors that continued focus on fiscal consolidation
Mumbai: Robust second quarter GDP numbers suggest that the economy is in early stages of recovery, RBI Governor Raghuram Rajan said today, but retained his earlier growth projection for the current fiscal at 7.4 per
Beijing: China's pain of economic slowdown is India's pain too, RBI Governor Raghuram Rajan said contradicting government assertions that India will not be affected by deceleration of Chinese economy."The Chinese slowdown is a concern for
New Delhi: Expressing concern over rising defaults in education loans, Reserve Bank Governor Raghuram Rajan today said they should be devised in a flexible manner, providing options like automtic moratorium if borrowers are “under a
New Delhi: As the issue of ‘intolerance' continues to dominate the national debate, RBI Governor Raghuram Rajan today said India has been known for its “legacy of tolerance and openness” and it was necessary to
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