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RBI deputy governor News

Reserve Bank of India

04 Nov 2024

Rs 2.25 Lakh Salary: RBI Invites Applications For Post Of Deputy Governor

The appointment of RBI Deputy Governor will be for a period of three years and the person will be eligible for re-appointment.

02 Sep 2024

Loan Sanctioning Goes Digital, But Recovery Still Needs 'Feet On The Street'

RBI Deputy Governor has highlighted one particularly concerning practice that involves the invasion of customers' privacy, where recovery agents access the personal data and contacts of borrowers and use that as a threat practice.

RBI deputy governor

20 Jun 2023

Who Is Swaminathan Janakiraman, The New Deputy Governor Of RBI

SBI's MD Swaminathan Janakiraman has been appointed as the new deputy governor of Reserve bank of India (RBI). Incumbent Mahesh Kumar Jain’s tenure ends on June 22. Swaminathan started working with State Bank of India (SBI) as a manager in December 1988.

15 Feb 2022

Crypto ban can be the most advisable option, says RBI Deputy Governor

Sankar mentioned this at the 17th Annual Banking Technology Conference and Awards hosted by the Indian Banks Association. The remarks are significant in response to the ongoing discussion over whether or not to prohibit digital currency. The Union government has announced a 30% tax on private digital assets beginning in the next fiscal year.

Viral V Acharya

24 Jun 2019

Viral Acharya quits as RBI Deputy Governor – All you want to know about him

Viral happens to be an alumnus of IIT, Mumbai, with a degree of Bachelor of Technology in Computer Science and Engineering in 1995 and PhD in Finance from NYU-Stern in 2001.

30 Oct 2018

Government 'very upset' with RBI for making rift public: Sources

In a speech to top industrialists, RBI Deputy Governor Viral Acharya warned that undermining a central bank`s independence could be 'potentially catastrophic'.

27 Oct 2018

Govt plays T20, RBI plays Test match: Deputy Governor bats for independence

"Governments that do not respect central bank's independence will sooner or later incur the wrath of the financial markets, ignite an economic fire."

RBI deputy governor

04 Jun 2018

Govt appoints IDBI Bank MD M K Jain as RBI Deputy Governor

The search panel also includes RBI Governor, Financial Services Secretary and some independent members.

16 Jan 2018

Bonds slump after RBI deputy warns of banks' high interest rate risks

Indian bonds yields have risen by 105 basis points since June last year.

03 Aug 2017

Lok Sabha passes bill to raise Nabard's capital to Rs 30000 crore

The National Bank for Agriculture and Rural Development (Amendment) Bill, 2017 also seeks to amend certain clauses in the light of reference of the Micro, Small and Medium Enterprises (MSMEs) Development Act, 2006 in the proposed legislation.

RBI deputy governor

17 Jun 2017

PSU banks may need more than budgeted capital infusion: Mundra

RBI Deputy Governor S S Mundra has said public sector banks may require more than the budgeted Rs 10,000 crore capital infusion from the government in the current fiscal on account of higher provisioning for bad loans and haircut on stressed assets.

RBI deputy governor

16 Jun 2017

Banks may need additional Rs 10K crore infusion for bad loans: Mundra

RBI Deputy Governor S S Mundra on Friday said public sector banks may require more than Rs 10,000 crore capital infusion from the government than budgeted for the current fiscal on account of higher provisioning for bad loans and haircut on stressed assets.

consolidation of banks

12 Jun 2017

Govt actively working towards bank consolidation: Arun Jaitley

The government is "actively working" towards consolidation of banks, said Finance Minister Arun Jaitley on Monday.

02 Apr 2017

RBI Governor gets pay hike; monthly basic jumps to Rs 2.5 lakh

RBI Governor Urjit Patel and his deputies have got a big pay hike with the government more than doubling their basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively.

28 Dec 2016

US University professor Viral V Acharya appointed RBI deputy governor

The government on Wednesday appointed Viral V Acharya, a professor of economics at New York University, as new deputy governor at the Reserve Bank of India.

06 Sep 2016

Patel's ''handover'' at RBI is low key, unlike other governors

In keeping with the low-key style he is known for, Reserve Bank of India`s new Governor Urjit Patel began his first working day on Tuesday away from media spotlights, unlike the practice followed by RBI governors in the past. There were no milling photographers at the "handover".

RBI deputy governor

14 Dec 2015

Merger of banks has to be very focused: Mundra

Reserve Bank Deputy Governor S S Mundra on Monday supported consolidation in the banking sector but said it has to be a focused exercise.

Reserve Bank of India

23 Sep 2015

RBI Deputy Governor Mundra says corporate leverage levels a 'major concern'

Reserve Bank of India Deputy Governor S.S. Mundra called levels of debt in the domestic corporate sector "a major concern" on Wednesday, while admonishing banks to clean up their bad loans more quickly.

RBI deputy governor

17 Sep 2015

CAD to be around 1.5% of GDP this fiscal: RBI

RBI Deputy Governor Urjit Patel on Thursday said the central bank expects Current Account Deficit (CAD) around 1.5 percent of GDP in the current fiscal.

15 Sep 2015

Banks need to urgently reduce stressed assets: RBI deputy Governor

His comments come as the central bank has been pushing banks to reduce the amount of their non-performing assets and start lending again.

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