Tag Archives: RBI

The former finance minister said it “is part of a deeper game plan to control the banking industry.” New Delhi: Former Finance Minister P Chidambaram has harshly criticized the Reserve Bank’s proposal to allow companies to enter the banking sector and establish banks, calling it a “dangerous agenda” that is …

Congressional leader Rahul Gandhi on Tuesday asked people to understand the “timeline” of the proposed measures to reshape the national banking industry in another blow to the Center. Gandhi was using a phrase from the Union Interior Minister Amit Shah to explain the Bharatiya Janata Party (BJP) plans to implement …

Raghuram Rajan and Viral Acharya on Monday criticized the RBI Internal Working Group’s recommendation to allow Indian corporate companies to establish banks as part of proposed changes to the banking sector. Raghuram Rajan, a former RBI governor, and Viral Acharya, a former RBI deputy governor, said the proposal is a …

Former Reserve Bank of India (RBI) Governor Raghuram Rajan and Lieutenant Governor Viral Acharya on Monday criticized the recommendation of the central bank’s internal working group (IWG) to allow industrial houses to float banks. “Why now? Have we learned anything that would allow us to override all previous precautions about …

Shares of India’s Non-Bank Finance Companies (NBFCs), especially those promoted by large trading companies, have received a boost in hopes of entering the banking sector. The view is that these NBFCs could soon become banks if the Reserve Bank of India (RBI) takes the recommendations of a task force seriously. …

Shares of financial companies, including banks, non-bank financial companies (NBFCs) and microfinance institutions (MFIs), were in the spotlight amid a rally of up to 20% in BSE in the morning trade of Monday as the Reserve Bank of India (RBI). The internal task force, which reviewed the ownership guidelines, proposed …

Written by Udit Misra, edited by Explained Desk | New Delhi | Updated: November 23, 2020 10:15:56 am If this economy grows at an average annual rate of only 5 percent (instead of 8 percent) from year 3 onwards, it will take more than three years to reach the level …

A Reserve Bank of India (RBI) panel recommended on Friday granting banking licenses to large industrial companies, which could allow the Aditya Birla group, the Tata group and Reliance Industries Ltd to apply for banking licenses. The panel has also suggested that large non-bank lenders with asset sizes greater than …

India’s banking regulator seems to have tuned in once again to “the changing times” of American singer Bob Dylan. In the span of a week, the Reserve Bank of India (RBI) has not only allowed a foreign bank to buy a private sector bank and thus gain more presence in …

Global credit rating agencies have applauded the Reserve Bank of India’s (RBI) decision to merge the capital-hungry Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL), the Indian arm of the DBS Bank of Singapore, saying the deal will benefit both lenders. . As part of the merger, DBIL …