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.

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.

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.

RBI to issue norms for single authentication in few weeks: Khan

Last Updated: Sunday, February 22, 2015, 16:29

"The process is under way... We will come out with guidelines (on single authentication payment) in the next few weeks," RBI Deputy Governor H R Khan told PTI.

RBI asks banks to brace for high attrition levels

Last Updated: Friday, February 20, 2015, 17:54

With the banking sector being thrown open to niche as well as more private players, RBI deputy governor R Gandhi on Friday warned the industry to brace for higher attrition, being already faced by highly unionized public sector lenders.

RBI Deputy Governor welcomes Airtel, KMB tie-up

Last Updated: Friday, January 30, 2015, 12:18

The deputy governor also welcomed the deal between Airtel and KMB, saying the RBI has been pushing for such tie-ups for long.

Crude price slump a boon for India, says RBI

Last Updated: Tuesday, January 13, 2015, 17:03

The dramatic fall in global crude prices is a big boost for India as it can bring down the country's annual oil import bill by about USD 50 billion, RBI Deputy Governor Urjit Patel has said.