The borrowings in April this year included USD 1.27 billion through the automatic route and USD 39.26 million from approval route, showed data from Reserve Bank.
"Almost certainly lightening doesn't strike twice in the same place, probably because you take precaution," Rajan told CNBC's "Street Signs" in Singapore.
Currently, the RBI has four Deputy Governors, two of them are internal appointees. The third DG is typically a career public sector banker while the fourth is an economist who will handle the monetary policy.
The foreign institutional investors (FIIs)/foreign portfolio investors (FPIs) in Fortis Healthcare Ltd has crossed the overall limit of 24 per cent of its paid-up capital, The Reserve Bank of India said.
Sluggish economic growth — as indicated by low core inflation —and GST implementation should help keep inflation in check, says a Kotak report.
It also said that the Goods and Services Tax will not have an upward impact on inflation. The government finalised a multiple rate tax structure, while an ideal GST would have carried one single rate with very few exemptions, HSBC said.
The case relates to an RTI application filed by activist Subhash Agrawal who had sought to know the list of people who had defaulted in the loan of Rs one crore and above.
In an interview to CNBC-TV18, RK Bansal, Former ED of IDBI Bank spoke about Reserve Bank of India's strategy regarding non-performing asset (NPA).
The framework would include creation of a separate cell to identify issues pertaining to non-performing assets (NPAs) or bad loans and have a clause providing definitive time-frame for the resolution process, sources said.
"The transition to GST will disrupt the working capital cycle of businesses in the initial phase and thus easy liquidity in the system is essential for two to four months," domestic ratings agency India Ratings said in a note today.
The S&P BSE Sensex, which is trading at a price-to-equity ratio of 21.99x and a price to book of 2.92, hit a fresh record high of 30,712.35 last week. The valuations have moved beyond the comfort levels and even foreign investors are placing their bets on speculative stocks, Saurabh Mukherjea, of Ambit Capital said in an interview with CNBC-TV18.
In an interview to CNBC-TV18, Arundhati Bhattacharya, Chairman of SBI spoke about the results and the latest happenings.
Here's a round-up of events in the banking sector in the last week.
In the post-earnings press conference, Arundhati Bhattacharya said, “We do expect, we will need to take some pain in FY18 as the resolutions take place but FY19 things will get better.”
IDBI Bank’s net loss widened to Rs 3200 crore in Q4 of FY17 following a substantial surge in non-performing assets (NPAs) to nearly double from the year-ago period.
Banks may be required to take a loss of at least 25-40 percent in the form of haircuts to resolve the stressed loans that mar the sector, according to senior bank officials said.
The agency estimates Rs 2.6 lakh crore of corporate and SME loans (3.2 percent of total bank credit) will be recognised as stressed loans by FY19.
Existing Paytm customers who do not want to move their Wallet to the payments bank will have to communicate the same before May 23.
Since the start of the calendar year the rupee has gained nearly 6 percent against the dollar and 2 percent against emerging market currencies, largely on account of glad tidings on the economy and political fronts. Post demonetisation, it has gained from a strong showing by the BJP in the U.P. election and from parliament clearing hurdles for a GST launch. Crude oil prices continue to remain range-bound, with the OPEC nations curtailing oil production.
The clear mandate to the BJP in the last General elections in May 2014 raised expectations of a revival in economic growth, boosting investor sentiment, which was also amply reflected in the sharp rise in the equity indices during FY15
In an interview with CNBC-TV18, Keki Mistry, VC & CEO of HDFC spoke about the slash in home loan rates.
According to RBI, the CFO's CTC per month works out to Rs 4 lakh a month without housing benefit which is due for revision.
Meanwhile, many ATMs may remain closed for software updates as they are seen as being vulnerable since almost all of them are run on Windows software. Also, over 60 percent of the total 2.25 lakh ATMs in the country operate on the outdated Windows XP.
There is a dichotomy between what the data is telling you and what the RBI is doing. The data is saying that inflation is under control, says Sivakumar