ECONOMY

RBI

Look who is defending Modi regime on RBI head fiasco
17.07.17 - PT BUREAU

WAS NARENDRA MODI government unfair to Raghuram Rajan, the much celebrated RBI chief who was let go by the government? The sledgehammer decision of demonetisation came within days of Rajan's exit and the Modi government did precious little to counter the impression that he was ...
  


Don’t Trust Locker; RBI says Banks not liable for loss of contents
26.06.17 - team pt

If you thought that bank lockers are the safest place for your valuables, then think again. Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability.

This ...
  


Fine, Mr Urjit Patel! Now, What is your take on corporate loan waivers and tax concessions?
12.04.17 - Devinder Sharma

This smacks of double standards. Soon after Uttar Pardesh Chief Minister Yogi Adityanath announced a Rs 36,359-crore farm loan waiver, benefitting more than 95 lakh small and marginal farmers, the Reserve Bank of India governor Urjit Patel has lamented that any such move ‘undermines honest ...
  


Banks to remain closed on April 1: RBI
29.03.17 - team pt

Reversing its earlier order, the Reserve Bank (RBI) today said the bank branches dealing in government businesses need not remain open on April 1 in view of the annual closing business.

In its earlier directive on March 24, the RBI had asked all authorised banks to ...
  


RBI's image dented beyond repair post demonetisation, bank staff write to Chief Urjit Patel
14.01.17 - TEAM PT

Employees of the Reserve Bank have taken strong exception to the recent measures involving the demonetisation of Rs 500 and Rs 1,000 notes, stating that the government "is impinging on the RBI’s autonomy and its statutory as well as operational jurisdiction”.
 
The employee unions of the ...
  


Defaulters Should Not Be Named And Shamed : Raghuram Rajan
05.04.16 - pt team

RBI Governor Raghuram Rajan has advocated on Tuesday that the Supreme Court should keep confidential the list of defaulters that owe Rs 500 crore or more to public sector banks. 

Citing the example of credit card default, Dr Rajan said, "Sometimes you default on your credit ...
  



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