New Delhi: A larger number of bad loans or NPAs originated in 2006-2008 when Indian economic growth was strong as the banks made mistakes, former RBI Governor Raghuram Rajan has said. He said that global slowdown, project cost overruns and government decision-making were among the factors that contributed to the process. “A larger number of bad loans originated in 2006-2008 when economic growth was strong, and previous infrastructure projects such as power plants had
Mumbai : Breaking his silence over the PNB fraud, former RBI governor Raghuram Rajan on Tuesday said that “before we assign blame, we have to know what really happened”.
Davos : Former RBI Governor Raghuram Rajan feels a substantial part of the growth slowdown in India was because of the after effects of the demonetisation decision of November, 2016.
Aligarh : In a major move, the Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country.
New Delhi : Former RBI governor Raghuram Rajan has stated that he was never in favour of demonetisation and had warned the government of the damage that pulling out 86 per cent of cash would cause to the economy. Rajan was RBI governor in February 2016 when he was asked by the government for his views on junking of old 500 and 1,000 rupee notes, he revealed in his book ‘I do
New Delhi : The State Bank of India (SBI), one of the world’s 50 largest banks, pays only a small fraction to its top management as compared to private sector players like ICICI Bank and HDFC Bank.
New Delhi: RBI’s newly appointed Deputy Governor Viral Acharya, a noted economist, today said he will give his best in the new role.
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