Kotak also questioned whether nationalisation of banks served the purpose of checking disproportionate lending to big businesses, as most of the stress on their books is today due to loans to big corporates.
The firm said it expects rate cuts to the tune of 0-25 bps in the rest of the ongoing fiscal.
Beijing's cheap credit facilities made such huge figure of bad loan. Analysts have warned that a debt-fueled rebound might be short-lived.
At 69th position, HDFC Bank is the only Indian brand to make it to the list.
"I will argue that the slowdown in credit growth has been largely because of stress in the public sector banks and not due to high interest rates," Rajan said.
Currently India's Executive Director in the Washington-based International Monetary Fund, Mohan is being mentioned in official circles as the front runner to bag the coveted job in Mint Street.
Govt also looking at utilising RBI’s ‘excess capital’ to infuse money into PSBs.
Rajan indicated that he wanted to continue which led to criticism by the government including the attack on him by Subramaniam Swamy.
The last few years have seen relatively muted PE activity barring a few sectors and in particular, the e commerce/ consumer internet side.
"We don't want unnecessary speculation," a government spokesperson told PTI
Rajan, who will have the shortest tenure as RBI Governor since liberalisation began in 1991, is also one of the few non-bureaucrats in this post as most of his predecessors had been IAS officers.
Chanda Kochhar said under him, the RBI played a major role in steering the economy in a volatile world.
Senior Congress leader Veerappa Moily said the present regime does not deserve a person of Rajan's stature.
Brokers, portfolio managers and other market intermediaries would be under a close watch for any attempts to lure small retail investors into promises of hefty gains from the futures and options trading.
As per the annual accounts of Sebi, the total revenue expenditure of the regulator also rose to Rs 374 crore in 2015-16, from about Rs 246 crore in the previous fiscal.
The current RBI governor Raghuram Rajan yesterday announced that he would not be seeking a second term
Dutch campaign group Pax said "State Bank of India (India) has made an estimated $87 million available to the companies on the red flag list since June 2012."
Swamy had in the last few weeks written at least two letters to Prime Minister Narendra Modi asking that he not allow Raghuram Rajan a second term as RBI Governor.
AAP spokespeson Raghav Chadha, in an attack on BJP-led government in Centre, had said that BJP should appoint Bhagat as the RBI governor.
RBI Governor Raghuram Rajan being targeted since last one year by BJP leaders and MPs, Azad told reporters on Sunday.
Silent when he was insulted, Govt lets him go
Before him, S Venkitaramanan got only a two-year tenure as the RBI Governor from December 22, 1990 to December 21, 1992
Rajan stated that he was a strong ‘academic’ and had always made it clear that his ultimate home is in the ‘realm of ideas’.
Nobel laureate Amartya Sen on Saturday said India is losing one of the most skillful economic thinkers in the world.
The Opposition Congress slammed the BJP government, saying it had “invited this development” through a “campaign of insinuations, baseless allegations and puerile attacks” on him.
Former Finance minister P Chidambaram said on Rajan's decision that it is 'India's loss'
In his letter to colleagues, 53-year-old Rajan, appointed by the previous UPA Government in September 2013, said he "will, of course, always be available to serve my country when needed".
The central bank chief said he wants to return to "academia" after his term ends in September.
The government appreciates the good work done by him and respects his decision, said Jaitley.
"Let him (Raghuram Rajan) pretend that he is giving up and going," said Swamy.
UCO Bank also said the board has approved the proposal for raising Tier II Capital to the tune of Rs 1,500 crore during the financial years 2016-17 and 2017-18 depending upon the market conditions.
Rajan also said that his work on containing inflation, cleaning bank books was not over and he is confident that his successor will take RBI to new heights.
Bank Indonesia has cut benchmark interest rates four times this year.
CBDT at present has online grievance redressal systems like Centralised Public Grievance Redress and Monitoring (CPGRAM) and Aaykar Sampark Kendra (ASK) among others for receiving public grievances.
Sebi board approved proposals to remove restrictions on REITs relating to investment in the special purpose vehicle (SPV) structures, while the norms relating to related party transactions would also be eased.
The finance ministry is hopeful of higher enrollment for both repatriable and non-repatriable schemes for NRIs in view of their attractive returns, low cost, flexibility and regulation by PFRDA.