Banks need to urgently reduce stressed assets: RBI deputy Governor

Last Updated: Tuesday, September 15, 2015, 10:39

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

No differences between RBI, govt on MPC: RBI

Last Updated: Saturday, August 8, 2015, 18:00

He also said that RBI would like to see, among other things, as to how banks pass on the benefit of earlier rate cuts to customers before it goes in for another cut.

PSU banks need higher capitalisation for dealing with NPAs

Last Updated: Monday, July 6, 2015, 15:37

"Need higher capitalisation in PSU banks for balance sheet growth, dealing with NPAs. Need capital infusion for three things -- to meet Basel III, better provisioning and improving banks business," he said here.

Frauds can't be wished away; banks among easy prey: RBI

Last Updated: Sunday, June 28, 2015, 16:15

"More often than not, the frauds lead to tighter regulations. These aim at bringing in both corrective and preventive measures," he said, while adding that banks must follow three KY Principles, Know its Customer, Know its Employee and Know its Partner, to check frauds.

Mundra warns against herd mentality in banking

Last Updated: Friday, May 29, 2015, 21:39

At a time when credit offtake has hit a multi-year low last fiscal, Reserve Bank deputy governor S S Mundra on Friday cautioned banks against irrational lending, saying they should not have 'follow thy neighbour' policy.

SBI elevates 5 CGMs as DMDs, appoints new CIO, CRO

Last Updated: Tuesday, May 5, 2015, 21:10

Country's largest lender State Bank of India has elevated five of its chief general managers (CGMs) to the post of deputy managing directors (DMDs), according to a source at the bank.

RBI to soon issue norms for Central Fraud Registry: Mundra

Last Updated: Sunday, March 29, 2015, 11:26

The proposed institution, which will enable quick sharing of information on entities found to be defrauding banks, would work under the supervision of RBI, he said.

India needs to further develop corporate bond markets: RBI

Last Updated: Monday, March 23, 2015, 10:57

Gandhi also called for corporate bond market infrastructure to be brought at par with that of the government bonds market, saying it would improve liquidity and enhance transparency.

PM pitches for Indian as IMF Deputy MD; seeks greater presence

Last Updated: Monday, March 16, 2015, 21:53

Prime Minister Narendra Modi today pitched for a greater representation of Indians in top leadership positions at IMF, even as its chief Christine Lagarde hoped an Indian will "one day" head the global body.

IDBI Bank's NSE stake sale in next fiscal only

Last Updated: Sunday, March 8, 2015, 11:16

State-owned IDBI Bank plans to sell its entire 5 per cent stake in leading stock exchange NSE in the next fiscal as part of its capital raising exercise by existing non-core businesses.

RBI expresses concern over delay in appointing heads of banks

Last Updated: Thursday, February 26, 2015, 19:18

Expressing concern over the delay in appointing heads of three large public sector lenders, RBI Deputy Governor S S Mundra said that the central bank has urged the government to expedite the process in this regard.

India should meet RBI inflation target by Jan 2016 - RBI deputy

Last Updated: Thursday, February 26, 2015, 12:14

India is likely to meet the central bank`s inflation target of 6 percent by January 2016, while economic growth is expected to gradually pick up, Reserve Bank of India Deputy Governor S.S. Mundra said on Thursday.