Commerce for the poor is more viable than commerce for the rich: K C Chakrabarty

Last Updated: Monday, January 13, 2014, 14:45

We certainly hope 2014 turns out to be better than 2013. RBI believes the worst is over for the economy.

Banks free to charge 'reasonable ATM fees': RBI's Chakrabarty

Last Updated: Thursday, January 2, 2014, 22:47

The senior-most Deputy Governor said till now, no request has come from the banks to raise the fees for transacting at ATMs.

Subsidy kills innovation, interest of people: Chakrabarty

Last Updated: Saturday, December 28, 2013, 21:15

RBI Deputy Governor K C Chakrabarty Saturday said subsidies killed innovation and interest of people even as leaders of various industrial sectors demanded sops to nurse their companies back to health.

RBI asks people to be cautious of bitcoins

Last Updated: Saturday, December 28, 2013, 20:06

RBI on Saturday cautioned people about bitcoins, virtual currency which has risen sharply in value in the past few months, but said any regulation on it would come only after it understood the subject.

`Textbooks need to rewritten to present science properly`

Last Updated: Monday, December 16, 2013, 00:50

IIT-Kharagpur director Partha Pratim Chakrabarty stressed the need to rewrite text books so as to impart a deep knowledge of science, technology and society.

Chakrabarty lambasts ARCs for killing their own business

Last Updated: Sunday, November 17, 2013, 23:19

"ARCs have failed in our country because their pricing is the most non-transparent. Bring more transparency in the pricing," he said while speaking at the annual Bancon over the weekend here.

Chakrabarty blames poor credit appraisal for bad loans of PSBs

Last Updated: Saturday, November 16, 2013, 19:45

Using data from the last 20 years on the asset quality front, Chakrabarty said state-run banks, which control 75 percent of the system, report over 86 percent of the non- performing assets.

RBI blames inflation for high interest rates

Last Updated: Friday, November 15, 2013, 18:10

The RBI on Friday attributed high interest regime to inflation and said banks in such a scenario would not be able to pass on lower rates even if the policy rate is brought down.

RBI for tightening vigil to check revenue leakage

Last Updated: Tuesday, November 12, 2013, 00:03

"Considering the prevalent situation in which public institutions are not performing with optimal efficiency leading to leakage of revenue as well as financial losses, there is an immediate need to strengthen institutional control mechanisms, particularly in respect of banks, financial institutions and PSUs organisations," he said.

NBFCs have advantage in bank licence application: Chakrabarty

Last Updated: Wednesday, October 9, 2013, 22:37

Non-banking finance companies (NBFCs) have advantage over other applicants for banking licences as they already have good customer base, Reserve Bank Deputy Governor K C Chakrabarty said Wednesday.

RBI considering making bank licencing process more frequent

Last Updated: Monday, October 7, 2013, 15:34

In order to expand the reach of banking, Reserve Bank today said it is considering making bank licensing process more frequent and allow free entry of banks as and when necessary.

Only provisional list of new banks by Jan: Chakrabarty

Last Updated: Sunday, October 6, 2013, 15:13

Reserve Bank Deputy Governor K C Chakrabarty has said only a provisional list of new bank licencees will be announced by January and it will take at least two years for a player to become operational.