- Tag results for RBI
In an exhaustive 66-page order, the panel pulled up the Prime Minister's Office for not complying with its directive to disclose the letter from former RBI Governor Rajan on bad loans.
This training has been provided to officers working at nearly 3,000 bank branches covering all districts in India through more than 2,000 special workshops in the last three years, officials said.
The central board, headed by the RBI Governor, is expected to discuss issues mentioned in the agenda circulated to the board members in advance.
The central bank has been very active in the past few months in the spot market to save the rupee which got battered against the US dollar.
The former Finance Minister also raised doubts on the need of the central bank's reserves during emergency.
The Supreme Court order on September 26 said it was not mandatory to link the 12-digit unique identification number Aadhaar for opening or availing banking services, among others.
If we are to improve gowth rate, we need certain level of credit, says Arun Jaitley ahead of RBI meet
The government has also initiated consultations under the never-used Section 7 of the RBI Act through which it can direct policy moves to be undertaken by the RBI in public interest.
Amid the RBI-finance ministry standoff, the government may consider amending the RBI Act 1934, say sources.
The 31-member Parliamentary Standing Committee on Finance, which includes former Prime Minister Manmohan Singh, is headed by senior Congress leader Veerappa Moily.
The government feels that as the representative of the people, it should be involved in critical policy decisions made by the Reserve Bank of India (RBI), they added.
The government had given up its right to print money when the FRBM law was passed in 2002, and that has robbed its ability to provide liquidity to segments when needed, Gurumurthy said.
NDA destroying institutions like CBI, RBI; BJP will be reduced to a statue after 2019 polls: Mamata Banerjee
The BJP, however, refused to attach much importance to Banerjee's remarks and said the TMC being a small party does not have the stature to take on it.
The project, part of the company's 'Better Air Now' initiative, will begin from India and is focussed on New Delhi, Gurugram and Faridabad which are among the world's most air polluted cities.
While it will be good news for investors, once the differences are removed, the truce may lead to ease up lending restrictions to help the government manage economy.
RBI said the penalties on these two banks have been imposed taking into account the failure of the banks to adhere to the directions issued by it.