Post Tagged with: "RBI"

Examine RBI?s powers, role, says House panel

Examine RBI?s powers, role, says House panel

NEW DELHI: A parliamentary panel has recommended setting up of a to evaluate the role, powers and authority of the Reserve () and has said it expects the central bank to provide a coherent road map for 11 public sector banks (PSBs) to come out of its prompt corrective action […]

Former Sebi chief to head RBI panel on MSMEs

Former Sebi chief to head RBI panel on MSMEs

MUMBAI: The on Wednesday set up an expert committee under former chairman U K Sinha to suggest long-term solutions for the economic and financial sustainability of the micro, small and medium enterprises (MSME) sector. The RBI announced the panel a day after it allowed a one-time restructuring of existing debt […]

?Urjit had been wanting to quit for past 6-7 mnths?

?Urjit had been wanting to quit for past 6-7 mnths?

NEW DELHI: Former Reserve Bank of India () governor stepped down due to personal reasons and had been telling the PM about his intention to quit for the past 6-7 months, Prime Minister said on Tuesday. “I am revealing for the first time, he (Urjit Patel) was telling me about […]

RBI lines up relief package for debt-hit MSMEs

RBI lines up relief package for debt-hit MSMEs

MUMBAI: In a move that will benefit thousands of troubled small businesses, banks and companies will grant debt relief to micro, small and medium enterprises (MSMEs) saddled with loans of up to Rs 25 crore that are facing stress but are not yet classified as bad loans. Announcing the scheme, […]

‘Govt not seeking RBI reserves to meet fiscal deficit‘

‘Govt not seeking RBI reserves to meet fiscal deficit‘

NEW DELHI: Finance minister on Monday said the government was not seeking Reserve Bank surplus to meet but to utilise them for accelerating poverty alleviation programmes and recapitalising the state-owned banks. Replying to a debate on the second batch of supplementary demands for grants in the Lok Sabha, the minister […]