MK Jain takes charge as RBI Deputy Governor
MK Jain on Friday took charge as the Deputy Governor of Reserve Bank of India. Jain was the MD & CEO of IDBI Bank before...
Tag : Reserve Bank of India
Paytm appoints former RBI deputy governor as advisor
by News Desk
One97 Communications, which runs Paytm, has appointed former RBI deputy governor Rama Subramaniam Gandhi as an advisor. Gandhi will bring his years of knowledge and...
Chief Economic Advisor Arvind Subramaniam steps down over family commitments
New Delhi | Arvind Subramaniam on Wednesday stepped down as the Chief Economic Advisor over ‘Family commitments.” Union Minister Arun Jailtely announced on Facebook about the...
PNB failed to check Nirav Modi-Mehul Choksi fraud, says RBI
by News Desk
The Reserve Bank of India (RBI) on Tuesday blamed Punjab National Bank (PNB) of the $2-billion Nirav Modi-Mehul Choksi fraud, and accused the state-run lender of furnishing...
AIBEA urges RBI to revoke lending restrictions on Dena Bank
The All India Bank Employees Association (AIBEA) has urged RBI governor Urjit Patel to revoke lending restrictions on Dena Bank, claiming the move will deteriorate...
RBI hikes repo rate to 6.25%, EMI set to become costly
In its bi-monthly monetary policy held on Wednesday, the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. With the announcement,...
State Bank of India posts $1.1 billion fourth-quarter loss
State Bank of India (SBI) reported a loss of Rs. 7,718 crore ($1.1 billion), its biggest ever, in the January-March quarter, as the country’s biggest lender, set...