Monetary policy committee under "active" discussion: RBI deputy

Last Updated: Wednesday, September 9, 2015, 20:25

The RBI is holding "active" discussions with the government on the formation of a monetary policy committee that would decide interest rates, a deputy governor of the bank, S.S. Mundra, said on Wednesday.

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.

Bank results indicating asset quality stability: RBI

Last Updated: Wednesday, July 29, 2015, 15:22

Reserve Bank Deputy Governor S S Mundra on Wednesday said initial trends from banks' first quarter results indicate some stability on asset quality.

RBI says 'watchful' of banks' bad loans levels

Last Updated: Wednesday, July 29, 2015, 10:01

Reserve Bank of India Deputy Governor S. S. Mundra said the latest April-June earnings from state-owned lenders showed "stability" in terms of non-performing assets (NPAs), but added the central bank would remain "watchful."

Forex reserves at 'reasonable' level: RBI

Last Updated: Tuesday, July 14, 2015, 16:09

Reserve Bank Deputy Governor S S Mundra on Tuesday assured that India's foreign exchange reserves are at 'reasonable' level.

Tata Power talks to lenders to refinance Mundra UMPP loans

Last Updated: Thursday, June 11, 2015, 17:09

"We are in discussion with the lenders' consortium to refinance the loans of Coastal Gujarat Power by extending the tenure of loan repayments," Tata Power said in a filing to the BSE.

RBI for better strategies to deal with problem of bad loans

Last Updated: Thursday, June 11, 2015, 15:08

Reserve Bank on Thursday made a case for developing better strategies to deal with the problem of bad loans as hiding them would aggravate the situation for the banks as well as borrowers.

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.

Small & payment banks may get RBI licences by year-end: Mundra

Last Updated: Friday, May 22, 2015, 21:27

The Reserve Bank is hopeful of issuing small and payment banks licences by the end of the calender year, central bank Deputy Governor S S Mundra said Friday.

RBI sees 'contagion risk' in LIC's bank ownership: Report

Last Updated: Thursday, May 21, 2015, 11:20

The cross-holdings of India`s state-owned firms have long been an area of concern but are not often discussed in public by major regulators like the RBI.

S&P downgrades outlook on Tata Power

Last Updated: Friday, April 24, 2015, 00:40

Rating agency Standard & Poor's (S&P) has revised downwards its outlook on Tata Power Company (TPC) to 'stable' from 'positive', citing slow progress on tariff revisions for Mundra project and delay in receiving the proceeds from the stake sale in its Indonesian coal mine.

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.