Rajiv Takru

High-powered committee for banks to comply Basel III norms

Among others, the FSDC meeting also discussed implementing non-legislative recommendations of FSLRC and setting up a repository for investors with a single view of all financial asset classes.

FY15 GDP growth will be around 6%: Takru

FinMin sets up panel to iron out insurance broking issues

The model implies that all banks will have to sell products of multiple insurance companies and not just their own or those from their bancassurance partners, as is the practice now.

Takru to meet IBA on Jan 28 on banks' insurance broking row

"The government is not asking banks to stop doing what they are doing immediately," Financial Services Secretary Rajiv Takru said here today. "We are saying: Phase it out...I am meeting the IBA on this on January 28 to work out the nitty-gritty on what to do, how much to do and how to do."

Probe won't bar applicants from getting bank licence: Takru

"What is important is that these applicants must satisfy the criteria which have been laid down and if they do I see no reason why they should not be given a chance to operate a bank," says financial services secretary Rajiv Takru.

RBI's next move will depend on mkt conditions: Rajiv Takru

â€œNo, I have made it more than clear on more than one occasion that I have no expectations so I'm sure the RBI will take a decision on what the market conditions are at any given time. But as of today, we go on with what the RBI has done, so there is no change means there is no change, period,"said Rajiv Takru, Secretary Financial Services.

SBI panel says nothing wrong in loan sanctioned by Acharya

Acharya, who headed the mid-corporate group for the bank, was alleged to have facilitated the sanction of a loan against some favours.

No takers for National Pension Scheme! Here is why

It has been around for a decade, but the NPS, which even got a boost from the government in 2009 when it was opened up to private players, is not seeing much traction.

Banks told to comply with ATM security norms: FinMin Secy

A woman manager of Corporation Bank was attacked by an unknown assailant armed with machete when she entered an unmanned ATM centre in Bangalore last week.

Cash-for-loan scam: Takru says SBI MDs report by weekend

Takru, who is on the board of the bank as government nominee, also said it is wrong to blame the high bad assets in state-run banks to corrupt and lax practices in the loan appraisal process and ruled out changing the existing laws and procedures of working of banks.

Dena Bank to raise Rs 600 crore through QIP

Financial Services Secretary Rajiv Takru had said banks would be allowed to raise capital from the markets in the proportionate amount infused by the government to maintain the government's shareholding.

SBI to raise around Rs 9000 crore via QIP: Rajiv Takru

Financial Services Secretary, Rajiv Takru, says that the bank will be raising close to Rs 9,000 crore through a qualified institutional placement (QIP) for which proposals for approvals are already underway.

More cap infusion based on PSBs' future performance: Takru

The government will give more capital to the banks based on their lending performance in the next two-three months, said Rajiv Takru, secretary of Department of Financial Services.

SBI to take decision on raising fund from QIP in a month

Financial Services Secretary Rajiv Takru said that banks will be allowed to raise capital from the markets in the proportionate amount infused by the government to maintain the government's shareholding

Cap infusion in PSU banks to push consumer sentiment: Takru

According to Rajiv Takru, the infusion of Rs 14,000 crore by the government in the public sector banks will boost the sentiment of not only the manufacturing sector but also the people involved.

Decision on Rs 14K cr fund infusion in PSU banks in 2 weeks

The government today said it will decide about capital infusion in public sector banks in the next 10-15 days as stability is returning to the market.

Keeping a close eye on private & public banks: Takru

The market sentiment is not a guide of anything because in the past we have had reverse sentiments also which were quite unjustified but the markets have reacted positively and I am very hopeful that things will look up," banking secretary Rajiv Takru told CNBC-TV18 in an exclusive interview.