November 25, 2020 8:33 am
A recent RBI report has recommended that large corporate and industrial houses should be allowed ownership of private banks. What led to this recommendation, and why has it come in for criticism?
November 24, 2020 8:34 am
Rajan, Acharya said that the proposal to let industrial houses into banking will lead to “connected lending” which, according to them, is "invariably disastrous" and would further “exacerbate the concentration of economic (and political) power in certain business houses”.
November 23, 2020 6:00 pm
They also said that the proposal is "best left on the shelf".
September 22, 2020 10:23 am
On tackling of bad loans, they said private asset management and national asset management “bad banks” should be encouraged in parallel to the online platform for distressed loan sales.
August 10, 2020 8:42 am
From the Centre's ban on import of 101 items to Prime Minister Narendra Modi's Rs 1-lakh-crore Agriculture Infrastructure Fund to for modern storage facilities in village, read the top stories from print edition today.
August 10, 2020 11:33 am
Former Reserve Bank of India Deputy Governor Viral Acharya talks about how to revive trust and faith of depositors in the Indian banking system, blames push for short-term growth for the conflicts between govt and RBI, and calls for an independent fiscal council to vet the govt’s expenditure and Budget.
August 05, 2020 12:03 pm
Acharya left the RBI on July 23 2019, six months before his term was scheduled to end
August 01, 2020 1:18 am
“In my opinion, the divestments are a first step ... divestment beyond majority stake, because they will help relax the fiscal constraint,” former RBI Deputy Governor Viral Acharya said
July 24, 2019 7:15 am
Acharya, who demitted the RBI post on July 23, six months ahead of the end of his three-year tenure, said the ability and willingness of NBFCs to borrow long-term comes down when government borrowing increases.
June 26, 2019 1:56 am
Viral Acharya’s exit from RBI brings institution’s relations with government into focus, issues he flagged must be discussed.
June 22, 2020 7:16 pm