A high-level panel chaired by former RBI Governor Bimal Jalan that will scrutinise applications for new bank licences will hold its first meeting on November 1.
The RBI is expected to issue new bank licence guidelines "very soon", deputy governor Anand Sinha said on Friday.
The Reserve Bank today hinted at allowing part of the statutory liquidity ratio (SLR) holdings of banks to be treated as liquid assets under the Basel-III guidelines, which will come into effect next fiscal.
RBI Deputy Governor Anand Sinha today said the central bank is looking at a move under which a part of banks' statutory liquidity ratio (SLR) holdings can be treated in a way that it complies with liquidity norms under the Basel III capital requirements.
Reserve Bank deputy governor Subir Gokarn today said that monetary policy should be focused on containing inflation as lower prices can support sustained growth in the long term.
The scope of monetary policy has expanded beyond inflation targeting to factors like checking financial imbalances, Reserve Bank Deputy Governor Anand Sinha today said.
Two senior most executive directors of RBI - G.Gopalakrishna and R Gandhi, are in the race for the post of deputy governor that will fall vacant after the present incumbent Anand Sinha retires in February; 2013. Although RBI has recommended further extension of Sinha, the government is unlikely to accept this.
Deputy RBI governor Anand Sinha on Tuesday said that the burgeoning non-performing assets in the banking system was not a systemic issue but only a reflection of the economic stress in the domestic and global markets.
Public sector banks will soon need a lot more capital. The RBI estimates they will need as much as Rs 4 lakh crore over the next six years.
Experts join CNBC-TV18's Latha Venkatesh to discuss how banks will tackle with the double whammy of Basel III norms and rising NPAs.
The Reserve Bank of India (RBI) is planning to set up a committee to look into the issue of facilitating the development of fixed rate loan products in the banking system.
Reserve Bank Deputy Governor Anand Sinha today allayed fears that the Basel III implementation will seriously hit the domestic banks.