Central banks often look to hold on to capital as a counter against unforeseen events. Economic capital framework was the subject of govt-RBI talks, Economic Affairs Secretary says. How is it worked out?
Unlike now, past differences between government and RBI were probably handled with greater subtlety. But as Manmohan Singh has suggested, when pushed to the wall, some Governors may have chosen to leave.
Govt announces merger of Bank of Baroda, Vijaya Bank and Dena Bank, amid long-felt need for consolidation rather than fragmentation of state-owned banks. How does it help, and what challenges lie ahead?
The current government has put in a lot of effort in encouraging entrepreneurship and in creating a lot of jobs. However, the growth rate of software companies which were the primary channels for creating jobs for engineers has come down, Narayana Murthy said.
One of Karunanidhi's trusted ministers, S Madhavan, then took it forward, with the concept of a joint sector where the state too was a partner, starting with, besides building, large industrial parks and infrastructure across the state.
In the past, too, many mergers in the banking sector have been forced ones. The SBI is seen as a candidate given its size and strength to take over any troubled banks if its principal shareholder does have its way down the line.