The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to make this information public. The case relates to an RTI application filed by activist Subhash Agrawal who had sought to know the list of people […]
Central Bank to expand scope of cases referred to OC beyond those under S4A
Kotak sold 18 million shares in the bank for Rs 1,687 crore, bringing down his ownership of the bank to 29.79 per cent.
In January, the panel had summoned top finance ministry and RBI officials to discuss the demonetisation process and its impact.
The CFO will also formulate the accounting policy of the bank, maintain the internal accounts and report financial results, and carry out corporate strategy functions like PF policies.
The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) declined to share any details related to import of paper for printing of the high-denomination notes.
Reforms in life, general insurance were also talked about: Panel member
GSTregime is likely to champion a new course for cooperative federalism in India, focusing on collaboration between the Centre and states, it said.
“The Act clearly says four percent is the target and the two to six percent band has been given only to absorb temporary or one-time shocks.”
Non-performing assets ordinance: RBI can now take action against loan defaulters and defaulting companies under the bankruptcy code.
Proposed amendments to make resolution process more effective, provide relief to bankers: Lavasa
Urjit Patel interview: Demonetisation will result in a downgrade of growth for a short period of time.
The RBI added that there will be no limit on withdrawals from March 13 onward.
The RBI’s monetary policy committee on Wednesday voted 6-0, its third unanimous decision in a row since being established in September.
“All restrictions have been removed except on savings bank account of Rs 24,000 per week. This (removal of withdrawal limit) is also a matter of time,” he told PTI in an interview.