Rates spike when there are huge dollars in the cash market but not enough takers to swap for a future date
Sankar succeeded BP Kanungo, who retired on April 2 after getting a one-year extension in his position
The central bank said it found contravention of norms in the matter of 'shifting of securities from one category to another'
The central bank said it found contravention of norms in the matter of 'shifting of securities from one category to another'
Sankar has filled the vacancy created after the retirement of B P Kanungo on April 2
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide
India Inc's external commercial borrowings jumped by over 24 per cent to $9.23 billion in March this year, RBI data showed
The Centre and the RBI are exploring options for businesses hit hard by the second wave
The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges
Pandemic second wave might reach its peak "around 20 days from now, says lender's report
Data from RBI suggest there was a slowdown in wholesale transaction value, but volume growth withstood the pandemic
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide
RBI's CEO tenure cap: Banks have to expedite succession planning after RBI's new rules on CEOs term
Any bank with a balance sheet of less than Rs 15,000 crore can have one statutory auditor. However, in all cases, concurrent auditors cannot be appointed as statutory auditors
Those who had availed themselves of the recast earlier should get a second chance, the Finance Industry Development Council said in a letter to the RBI
In letter to RBI, requests this be done irrespective of whether such accounts have been restructured on earlier occasions
The Reserve Bank of India on Tuesday issued guidelines for appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies
Notwithstanding the increase in the number of ARCs over time, there has been a concentration in the industry in terms of AUM and the security receipts issued
Pandemic protocols, speedier vaccination, ramping up health care capacity, and remaining resolutely focused on a post pandemic future is the way forward, state-of-economy report says