Co-ops are not deposit taking set-ups: NAFCUB In a letter written to the Finance Ministry and signed by Chief executive of NAFCUB, Subhas Gupta the apex body of urban cooperative banks has strongly condemned the efforts to choke credit cooperatives in the country. In a mail sent to Ministry well within the stipulated time NAFCUB … Read More →
Why RBI governors need a longer tenure: The outgoing governor of the Reserve Bank of India (RBI), Raghuram Rajan, recently told a parliamentary committee that a three-year term for the central bank chief is not sufficient. As India is moving to a new rules-based monetary policy framework, it is perhaps also time to put an … Read More →
RBI’s vision document for 2018: Imagine a world when you can just swipe a card or touch a button on your mobile phone to buy a bus ticket or to pay toll at a toll booth or to make a payment at a merchant counter. If the Reserve Bank of India’s Vision Document on Payments … Read More →
Reserve Bank of India should be audited: CAG With rising financial frauds and the government’s eye on cleaning up banks’ balance sheets and cracking down on bad loans, the Comptroller and Auditor General of India (CAG) wants the Reserve Bank of India to come under the auditor’s purview too. CAG Shashi Kant Sharma, said at … Read More →
What is Business Financing? Business finance refers to the funds & monetary help needed by an entrepreneur for carrying out the different activities relating to his/her business organization. It is needed at every stage of a business life cycle. For instance, in starting a business, it is essential for acquiring fixed assets, such as land, … Read More →
No scope for ‘adventurism’ with payments banks: RBI Asserting there is no room for promoters to experiment with upcoming payments and small finance banks, RBI Deputy Governor S S Mundra today said there should not be any “adventurism”, and institutional progress of the entities will be monitored closely in formative stages. “There won’t be any … Read More →
After Rajan Gone, Who’s Gonna Take The Helm of RBI? India’s central bank governor Raghuram Rajan stunned government officials and investors on Saturday by announcing he would step down when his term ends on September 4. Finance Minister Arun Jaitley said the government would name a successor soon and a senior official told that there … Read More →
The Reserve Bank of India (RBI) on Friday simplified the process of registration of new non-banking finance companies (NBFCs) by reducing the application form and the checklist of documents from the existing set of 45 documents to just seven and in some cases eight. And deposit taking and non-deposit taking NBFCs would have separate applications … Read More →
Overseas Investment Policy Till 1991, India’s economic integration with the rest of the world was very limited. But the new economic policy and the liberalisation measures so introduced made way for the globalisation of Indian businesses. Earlier, exports were a predominant way of expanding business abroad and hence the emphasis was on export promotion strategies … Read More →
Bankruptcy law will help develop bond market: RBI Expecting the proposed enactment of Bankruptcy Act to be a “defining event”, RBI Deputy Governor H R Khan said the law will help develop corporate bond market in India. “Enactment of the Bankruptcy Act will be a defining event as regards the development of the corporate debt … Read More →