Oct 19, 2020 06:45 PM IST
Indian banks are saddled with over $120 billion in bad debt, and in severely stressed conditions the bad-loan ratio could nearly double by March, according to Reserve Bank of India projections.
- Oct 08, 2020 12:44 PM IST
Time may be ripe to create a ‘bad bank’ as the net book value of NPAs have fallen sharply and another round of bad loan shock is round the corner in the backdrop of Covid-19, say experts
- Oct 01, 2020 04:53 PM IST
The RBI has by and large been successful in keeping inflation within the mandated 2-6 percent range. But the flexible inflation targeting policy has faced criticism recently on account of the high weighting given to food items in the inflation basket which have proven highly volatile.
- Sep 21, 2020 02:28 PM IST
Suggesting ways to change ownership structure of public sector banks, the paper said state-linked banks can be a first step in altering the ownership structure of some PSBs, where the government brings down its stakes to below 50 percent.
- Aug 06, 2020 10:07 AM IST
Acharya, who quit six months ahead of his term following major differences with the government on a range of issues including fiscal encroachment on RBI’s autonomy, recently released his book ‘Quest for Restoring Financial Stability in India’ published by Sage publications.
- Jul 31, 2020 11:02 PM IST
Citing the example of the South Asian crisis in 1997, Acharya said that a large number of public sector banks in the region had to be privatised post the crisis and in many cases were sold at fire sale prices to private equity investors from abroad.
- Jul 29, 2020 10:02 PM IST
Acharya said that the moratorium on loan repayments will help provide the temporary relief and hinted that the bankruptcy process is also a kind of debt restructuring itself.
- Jul 29, 2020 11:08 AM IST
Viral Acharya, the former RBI deputy governor, said that some of the diluted measures were important to ensure that the banking system does not become vulnerable to short-term pressures.
- Jul 27, 2020 05:17 PM IST
In his book Quest for Restoring Financial Stability in India, Viral Acharya said 'RBI lost its governor on the altar of financial stability'.
- Jan 15, 2020 07:19 PM IST
Patra will be looking after Monetary Policy Department, Financial Stability Unit, Financial Markets Operations Department, Financial Markets Regulation Department, Department of Economic & Policy Research, Department of Statistics & Information Management and Corporate Strategy & Budget Department.
- Nov 04, 2019 02:28 PM IST
Speaking at a panel discussion at Columbia University here on Friday on the 'Indian Economy: The Next Five Years', Acharya outlined a few "possible remedies" and recommendations for the Indian economy going forward.
- Jul 25, 2019 12:49 PM IST
Known as someone who calls a spade a spade, the fearless RBI deputy chose not to play second fiddle to the Governor and instead make his own mark
- Jul 23, 2019 09:19 PM IST
The Monetary Policy Department will now be under BP Kanungo, while Financial Stability Unit has been given to MKJain. NS Vishwanathan will oversee the Financial Markets Operations and Financial Markets Regulation departments.
- Jul 23, 2019 10:30 AM IST
Acharya is leaving the central bank on Tuesday, six months before the scheduled end of his term in office, citing personal reasons.
- Jun 30, 2019 12:47 PM IST
Other developments were India’s forex reserves touching a record high and the RBI launching a customer complaint portal
- Jun 24, 2019 08:36 PM IST
Acharya told Moneycontrol that he decided to leave six months early due to 'unavoidable personal reasons'.
- Jun 24, 2019 01:07 PM IST
Viral Acharya, 45 years, became the youngest deputy governor to serve RBI when he joined the central bank in January 2017.
- Jun 24, 2019 01:00 PM IST
The rift between RBI and the government came out in the open in 2014 with differences over composition of the MPC.
- Jun 24, 2019 10:44 AM IST
The outgoing Deputy Governor warned that public sector borrowing is close to the levels seen during the ‘taper tantrum’
- May 10, 2019 07:47 AM IST
It is important to note that the core inflation is still above the 5 percent mark and a significant demand boost would have pushed it up further.
- Apr 18, 2019 07:13 PM IST
Sustained higher core inflation and a revival in food inflation could curtail the ability of the central bank to cut rates.
- Feb 21, 2019 08:11 AM IST
There are a number of structural problems that affect monetary policy transmission.
- Jan 24, 2019 04:36 PM IST
The study stressed that RBI is not over-capitalised and it needs to raise its capital ratio.
- Dec 10, 2018 07:18 PM IST
Soon after RBI Governor Urjit Patel announced his decision to quit, social media channels were rife with speculation that Viral Acharya too had quit.
- Dec 06, 2018 01:58 PM IST
In the current financial year, the central bank has conducted OMO purchases to the tune of Rs 1.36 trillion, with over Rs 1 trillion of the infusion in the last three months, he said.