National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments systems in India has announced that Unified Payments Interface (UPI) will be going live for customers with 21 banks.
Tag: Raghuram Rajan
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Exemplary Figure
Former RBI Deputy Governor Subir Gokarn has been appointed as an Executive Director on the board of the International Monetary Fund (IMF).
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RBI, Govt to revive distressed utilities
Reserve Bank Governor Raghuram Rajan has said the apex bank is working with the Centre and state governments to revive distressed discoms. ´The government is fully cognizant of the problem as are we.
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SBI seeks flexibility in lending rules by RBI
The State Bank of India (SBI) has urged the Reserve Bank of India (RBI) to allow flexible lending rules including restructuring loans given to existing projects in line with revised cash flows available for debt refinancing
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More coordination on global monetary policy sought
RBI Governor Raghuram Rajan made a case for more coordination in monetary policies by different central banks to deal with the spillover effect on emerging markets. He said that central banks should reinterpret their domestic mandate to take into account other country reactions over time, and thus become more sensitive to spillovers.
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RBI Governor pays heed to TAC recommendations
Reserve Bank Governor Raghuram Rajan in his April 1 review kept the policy rates unchanged in view of high inflation and uncertainly on the political and economic front. The governor has paid heed to the recommendations of the Technical Advisory Committee (TAC) on Monetary Policy.
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No hurry to shut forex facility for oil firms: RBI
The Reserve Bank of India (RBI) will not hurriedly close a special window for oil marketing companies (OMCs) to buy dollars for crude oil imports, said the RBI Governor Raghuram Rajan on November 13. The RBI is striving bring stability in the currency market.
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RBI may hike repo rate by 25 bps
In its continues fight against inflation, the
Reserve Bank of India (RBI) is likely to raise the repo rate by another 25 basis points. The RBI Governor Raghuram Rajan is expected to take this measure when he makes his next monetary policy announcement on October 29, several economists say.
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AIAI welcomes the appointment of Mr. Raghuram Rajan as Governor of RBI
The appointment of Mr. Raghuram Rajan as the Governor of the Reserve Bank of India has come at the most appropriate time. Considered the right man for the job, Mr. Rajan is well known and respected for his extensive experience and deep knowledge of India's economic functioning as well as the global economy at large.