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2014 World Series, Game 2, Bottom of the 6th: Billy Butler’s single brings Lorenzo Cain home, putting the Royals in the lead 3-2, kicking off an inning long rally that would lead to a game winning victory. 258 more words


Don’t blame Rajan: It’s time the interest-rate-wallahs stopped punching the RBI

Vivek Kaul

It fashionable these days to criticize the Reserve Bank of India at the drop of a hat. The senior columnist Prem Shankar Jha is the latest person to join this bandwagon. 1,051 more words


Portfolios of RBI Deputy Governors Effective November 3, 2014

Consequent on reorganization of the departments/work areas in the Reserve Bank of India effective November 3, 2014, the portfolios of the Deputy Governors will be redistributed as under: 267 more words


RBI is asking for a Financial Resolution Authority

Reserve Bank of India (RBI) is in talks with the Central govt to set up a financial resolution authority (FRA).

“We really need a financial resolution authority so that we can close financial institutions in trouble, without necessarily merging those and taking the losses. 21 more words


RBI to issue guidelines for small finance banks application soon

In the next few weeks, RBI will put out guidelines inviting applications for small finance banks. Small Finance Banks are banks that will cater to smaller customers across the country. 388 more words


RBI to invite applications for bank licences

The Reserve Bank will soon invite applications for issuance of licences in three categories — small banks, payment banks and universal banks — to achieve financial inclusion target. 61 more words


Arvind Subramanian appointed as Chief Economic Advisor

US based former IMF economist Arvind Subramanian has been appointed as Chief Economic Advisor in the Finance Ministry. Subramanian has been appointed as CEA “for 3 years on contract basis, in the pay scale of Rs. 223 more words