Raghuram Rajan | Corporate Law Reporter

Strategy adopted by RBI for Financial Inclusion

- Speech delivered by Dr. Deepali Pant Joshi, Executive Director, Reserve Bank of India at a workshop organised by Government of Madhya Pradesh at New Delhi on January 24, 2014 One of the major challenges for next decade or more to banks in the country is to capture the banking business of over 50% population… Read More

Tags: Financial inclusion, Financial services, India, Raghuram Rajan, rbi, Reserve Bank of India, Run batted in, Unique Identification Authority of India

Raghuram Rajan on Financial Sector Reforms

(Talk by Dr. Raghuram G. Rajan, Governor, Reserve Bank of India at the Delhi Economics Conclave 2013 at Delhi on December 11, 2013) The economy is stabilizing, but there is no room for complacency. Some part of improvement in the CAD has happened due to suppressing gold imports. Not all the measures to reduce fiscal… Read More

Tags: Central bank, Delhi Metro, Economy of India, India, Inflation, Raghuram Rajan, rbi, Reserve Bank

Second Quarter Review of Monetary Policy 2013-14 – Statement by Raghuram Rajan

Download: Second Quarter Review of Monetary Policy 2013-14 "Good Morning and welcome to the Reserve Bank. Today, continuing the process begun in September, we have announced the following policy measures: we have reduced the marginal standing facility (MSF) rate by 25 basis points from 9.0 per cent to 8.75 per cent with immediate effect; we have… Read More

Tags: Bank Rate, Central bank, Economic growth, finance, India, Microsoft, Monetary policy, MSF, NDTL, Raghuram Rajan, Repurchase agreement, Reserve Bank, September

RBI Governor launches new ISO 20022 compliant RTGS System

Dr. Raghuram Rajan, Governor, Reserve Bank of India, today launched the new Real Time Gross Settlement (RTGS) system of the Reserve Bank of India. Complimenting the entire team for successfully completing the project, the Governor said, "The new RTGS system is a great example of what we are capable of when we put our minds… Read More

Tags: India, ISO 20022, Payment system, Raghuram Rajan, Real Time Gross Settlement, Reserve Bank of India, Royal Thai General System of Transcription, RTGS

Government Decides in Principle to Enhance the Amount of Capital to be Infused into Public Sector Banks

Government Decides in Principle to Enhance the Amount of Capital to be Infused into Public Sector Banks; Additional Amount of Capital to be Provided to Enable Banks to Lend to Borrowers in Selected Sectors at Lower Rates to Stimulate Demand; Expected to Give a Boost to Capacity Addition, Employment and Production The Central Government has decided in… Read More

Tags: Bank, Durable good, Government, P. Chidambaram, Public sector, Raghuram Rajan, Reserve Bank of India, Run batted in

Dr. Raghuram Rajan Committee Report for Evolving a Composite Development Index of States

Report of the Dr. Raghuram Rajan Committee for Evolving A Composite Development Index of States Submitted to the Union Finance Minister ; Committee Proposes A General Method for Allocating Funds From the Centre to the States Based on Both A State™s Development Needs As Well As its Development Performance; The Report of the Dr. Raghuram Rajan… Read More

Tags: Business, Central bank, Finance Minister, India, Investing, mutual funds, Raghuram Rajan, Run batted in

Change in Daily Minimum Cash Reserve Maintenance Requirement

RBI/2013-14/281 DBOD.No.Ret.BC.55 /12.01.001/2013-14 September 20, 2013 To All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to our Circular DBOD.No.Ret.BC.35/12.01.001/2013-14 dated July 23, 2013 on the captioned subject. 2. As announced in the Press Release 2013-14/604 dated… Read More

Tags: Basis point, Central bank, Raghuram Rajan, Repurchase agreement, Reserve Bank of India, Reserve requirement, Run batted in, September 21 2013

RBI Governor’s proposal to relax Branch Authorisation Policy

RBI/2013-14/274 DBOD.No.BAPD.BC.54 /22.01.001/2013-14 September 19, 2013 All Domestic Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 Relaxations in Branch Authorisation Policy Please refer to Governor™s Statement on taking office on September 04, 2013 (extract enclosed - Annex 1) regarding the proposal to completely free bank branching for… Read More

Tags: Bank, Commercial bank, North Eastern States, Raghuram Rajan, rbi, Reserve Bank of India, Run batted in, Sikkim

RBI’s creation of Central Repository on Large Credits

RBI/2013-14/250 DBS.Dir.OSMOS. No. 3327/33.01.001/2013-14 September 11, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Creation of a Central Repository of Large Common Exposures - Across Banks This has a reference to the statement made on September 4, 2013 by Dr. Raghuram Rajan on his taking over the charge as Governor, RBI wherein it was stated RBI proposes to collect… Read More

Tags: Bank, Commercial bank, India, Raghuram Rajan, Reserve Bank, Reserve Bank of India, Run batted in, xbrl

RBI to publish Mid-Quarter Review of Monetary Policy 2013-2014

The Reserve Bank of India will release the next Mid-Quarter Review of Monetary Policy 2013-14 at 11.00 a.m. on September 20, 2013 instead of September 18, 2013 as indicated in the First Quarter Review of Monetary Policy 2013-14. The Review will be by way of a press release and will be placed on the Reserve… Read More

Tags: Bimal Jalan, Central bank, India, Monetary policy, Raghuram Rajan, Reserve Bank, Reserve Bank of India, Run batted in

Statement by Dr. Raghuram Rajan on taking office on September 4, 2013

Good Evening. I took charge this afternoon as the 23rd Governor of the Reserve Bank of India. These are not easy times, and the economy faces challenges. At the same time, India is a fundamentally sound economy with a bright future. Our task today is to build a bridge to the future, over the stormy… Read More

Tags: Bimal Jalan, Central bank, India, Monetary policy, Raghuram Rajan, rbi, Reserve Bank of India, Run batted in

Dr. Raghuram Rajan assumes charge as Governor, RBI

Dr. Raghuram Rajan assumed charge as the 23rd Governor of the Reserve Bank of India on September 4, 2013. Prior to this, he was the Chief Economic Advisor, Ministry of Finance, Government of India and the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago™s Booth School. Between 2003 and 2006,… Read More

Tags: American Finance Association, Fault Lines: How Hidden Fractures Still Threaten the World Economy, Finance Ministry, Fischer Black Prize, Luigi Zingales, Raghuram Rajan, Rajan, Reserve Bank of India

PM Releases Fourth Volume of RBI History (1981-1997)

Dr. Manmohan Singh, the Hon™ble Prime Minister, released the fourth volume of the Reserve Bank of India's history at a function held today in New Delhi. Jointly published by the Reserve Bank and the Academic Foundation, the volume covers the momentous 16-year period from 1981 to 1997. With this volume, the Reserve Bank of India has now… Read More

Tags: Bimal Jalan, C. Rangarajan, Duvvuri Subbarao, India, Manmohan Singh, Raghuram Rajan, Reserve Bank, Reserve Bank of India