Tag: RBI deputy governor
Buy now pay later, credit card spending reducing savings of youth: RBI Deputy Governor
The “buy now, pay later” (BNPL) schemes and the credit card spending facilitate immediate consumption and reduce the savings of the younger generations, said Michael…
India needs quantum leap in scale, size of financial institutions: RBI Dy Guv Rao
Mumbai: India needs to take a quantum leap in the scale and size of the financial institutions to achieve the aspiration of becoming a developed…
Follow KYC guidelines or face regulatory action: RBI DG to banks
Mumbai: RBI Deputy Governor Swaminathan J has asked banks to follow KYC guidelines with both “precision and empathy”, failing which regulatory actions will be taken…
RBI Deputy Governor Rajeshwar Rao gets one-year extension
The government has extended the term of RBI Deputy Governor M Rajeshwar Rao for a period of one year, according to sources. The Appointments Committee…
RBI’s Michael Patra on what’ll largely finance India’s investment needs in coming decades
Domestic savings have been crucial in financing India’s investment requirements and are expected to remain the predominant source of net lending in the coming decades,…
RBI gets new deputy governor Swaminathan Janakiraman. 5 things to know about him
The Centre on Tuesday appointed Swaminathan Janakiraman as a deputy governor of the Reserve Bank of India (RBI). According to an official notification, the appointment…
There are a few graceful ways of reducing market concentration: Viral Acharya
Former RBI deputy governor Viral Acharya has suggested the breaking up of India’s ‘Big 5‘ conglomerates – Reliance Industries, Tata Group, Aditya Birla Group, Adani…
FEDAI should help in ensuring fair prices to small clients, streamlining procedures: RBI DG
Foreign exchange dealers need to ensure fair pricing for smaller players like the MSMEs and the retail customers for foreign currency transactions. Banks should encourage…