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Microsoft Power Outage Caused "Minor Disruptions" In 10 Banks: RBI
The RBI on Friday said the outage in Microsoft Services impacted 10 banks and NBFCs with minor disruptions which have either been resolved or are being resolved.
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Paytm CEO Vijay Shekhar Sharma Said to Be in Talks With RBI Over Regulatory Concerns
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate.
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"Plans Come From Small Set Of Personalities Around PM": Raghuram Rajan
Former Reserve Bank of India (RBI) governor Raghuram Rajan said India is in the midst of a "growth recession" that is being run through extreme centralisation of power in the Prime Minister's Office.
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Economic Slowdown "Very Worrisome", New Reforms Needed, Says Raghuram Rajan
Former RBI Governor Raghuram Rajan has called slowdown in the economy "very worrisome". The government needs to fix the immediate problems in power and non-bank financial sectors and come out with a new set of reforms to energise private sector to invest, he said.
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Atanu Chakraborty Appointed Economic Affairs Secretary, Replaces SC Garg
The government has appointed Atanu Chakraborty as the new economic affairs secretary, a coveted position in the finance ministry, a statement late on Wednesday said.
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Forensic Audit Found Rs 3,800 Crore Fraud, Says Punjab National Bank
The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI).
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After RBI Action Against Manipur, Biren Singh Takes Over Key Departments
Manipur Chief Minister N Biren Singh reshuffled the state cabinet to take over the key departments of finance, public works and power today, a day after the Reserve Bank of India directed nationalised banks to stop honouring bills and cheques issued by his government.
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"Glad RBI Governor Has Shakti In His Name": Anand Mahindra After Rate Cut
The policy rate cut for a third time this year by the powerful Monetary Policy Committee under the leadership of RBI Governor Shaktikanta Das has won praise from industrialist Anand Mahindra - along with a compliment on the significance of the word "Shakti" or power.
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Raghuram Rajan To Prannoy Roy On India's 3 Biggest Economic Problems: Highlights
Former Reserve Bank of India Governor Raghuram Rajan spoke to NDTV's Prannoy Roy on a range of challenges in front of the Indian economy today. Dr Rajan says the three biggest problems for the Indian economy today are the farmers' distress, the ailing power sector and the crisis in the banking system.
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Government To Run Power Play At Next RBI Board Meeting: Report
For all the cordiality on show at the end of Reserve Bank of India's last board meeting, tensions could re-surface when it next gathers on December 14 as the government aims to ramp up pressure for changes in the way the central bank operates. A majority of the 18-member board, now stacked with government nominees, intends to press for reduced curb...
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Centre's Nominees On RBI Board To Push Harder At Monday Meet: Report
As Prime Minister Narendra Modi's government turns up the heat on the Reserve Bank of India (RBI) governor to do its bidding ahead of next year's general election it is getting the central bank's board to take on a much more powerful role, according to government officials and board members.
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Centre Destroying Key Institutions Like CBI, RBI, Alleges Mamata Banerjee
West Bengal Chief Minister Mamata Banerjee today accused the NDA government of destroying key Indian institutions such as the CBI and the RBI and claimed that after the Lok Sabha elections, BJP has made 'building statues' its poll agenda will itself be reduced to a statue. Giving a call for "BJP hatao, desh bachao", she said the BJP should be ouste...
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Centralisation Of Power One Of India's Main Problems: Raghuram Rajan
Excessive centralisation of power in the political decision making is one of India's main problems, former Reserve Bank of India Governor Raghuram Rajan has said, at a time when the country's central bank is locked in a tussle with the central government over its independence.
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The Explosive RBI Speech That Has Upset The Government
RBI Deputy Governor Viral Acharya said on Friday that undermining a central bank's independence could be "potentially catastrophic", in comments appearing to push back against government pressure ahead of a general election next year. Government officials have recently called for the RBI to relax its lending restrictions on some banks, and Delhi ha...
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Manmohan Singh's Cutting Attack On PM Modi Over Black Money, Notes Ban
Former Prime Minister Manmohan Singh on Friday sharply criticised the government on demonetisation and jobs data and said the state of affairs in the country were a powerful indictment of the BJP-led government.
-
Microsoft Power Outage Caused "Minor Disruptions" In 10 Banks: RBI
The RBI on Friday said the outage in Microsoft Services impacted 10 banks and NBFCs with minor disruptions which have either been resolved or are being resolved.
-
Paytm CEO Vijay Shekhar Sharma Said to Be in Talks With RBI Over Regulatory Concerns
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate.
-
"Plans Come From Small Set Of Personalities Around PM": Raghuram Rajan
Former Reserve Bank of India (RBI) governor Raghuram Rajan said India is in the midst of a "growth recession" that is being run through extreme centralisation of power in the Prime Minister's Office.
-
Economic Slowdown "Very Worrisome", New Reforms Needed, Says Raghuram Rajan
Former RBI Governor Raghuram Rajan has called slowdown in the economy "very worrisome". The government needs to fix the immediate problems in power and non-bank financial sectors and come out with a new set of reforms to energise private sector to invest, he said.
-
Atanu Chakraborty Appointed Economic Affairs Secretary, Replaces SC Garg
The government has appointed Atanu Chakraborty as the new economic affairs secretary, a coveted position in the finance ministry, a statement late on Wednesday said.
-
Forensic Audit Found Rs 3,800 Crore Fraud, Says Punjab National Bank
The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI).
-
After RBI Action Against Manipur, Biren Singh Takes Over Key Departments
Manipur Chief Minister N Biren Singh reshuffled the state cabinet to take over the key departments of finance, public works and power today, a day after the Reserve Bank of India directed nationalised banks to stop honouring bills and cheques issued by his government.
-
"Glad RBI Governor Has Shakti In His Name": Anand Mahindra After Rate Cut
The policy rate cut for a third time this year by the powerful Monetary Policy Committee under the leadership of RBI Governor Shaktikanta Das has won praise from industrialist Anand Mahindra - along with a compliment on the significance of the word "Shakti" or power.
-
Raghuram Rajan To Prannoy Roy On India's 3 Biggest Economic Problems: Highlights
Former Reserve Bank of India Governor Raghuram Rajan spoke to NDTV's Prannoy Roy on a range of challenges in front of the Indian economy today. Dr Rajan says the three biggest problems for the Indian economy today are the farmers' distress, the ailing power sector and the crisis in the banking system.
-
Government To Run Power Play At Next RBI Board Meeting: Report
For all the cordiality on show at the end of Reserve Bank of India's last board meeting, tensions could re-surface when it next gathers on December 14 as the government aims to ramp up pressure for changes in the way the central bank operates. A majority of the 18-member board, now stacked with government nominees, intends to press for reduced curb...
-
Centre's Nominees On RBI Board To Push Harder At Monday Meet: Report
As Prime Minister Narendra Modi's government turns up the heat on the Reserve Bank of India (RBI) governor to do its bidding ahead of next year's general election it is getting the central bank's board to take on a much more powerful role, according to government officials and board members.
-
Centre Destroying Key Institutions Like CBI, RBI, Alleges Mamata Banerjee
West Bengal Chief Minister Mamata Banerjee today accused the NDA government of destroying key Indian institutions such as the CBI and the RBI and claimed that after the Lok Sabha elections, BJP has made 'building statues' its poll agenda will itself be reduced to a statue. Giving a call for "BJP hatao, desh bachao", she said the BJP should be ouste...
-
Centralisation Of Power One Of India's Main Problems: Raghuram Rajan
Excessive centralisation of power in the political decision making is one of India's main problems, former Reserve Bank of India Governor Raghuram Rajan has said, at a time when the country's central bank is locked in a tussle with the central government over its independence.
-
The Explosive RBI Speech That Has Upset The Government
RBI Deputy Governor Viral Acharya said on Friday that undermining a central bank's independence could be "potentially catastrophic", in comments appearing to push back against government pressure ahead of a general election next year. Government officials have recently called for the RBI to relax its lending restrictions on some banks, and Delhi ha...
-
Manmohan Singh's Cutting Attack On PM Modi Over Black Money, Notes Ban
Former Prime Minister Manmohan Singh on Friday sharply criticised the government on demonetisation and jobs data and said the state of affairs in the country were a powerful indictment of the BJP-led government.
