The central government has re-appointed M Rajeshwar Rao as Deputy Governor, Reserve Bank of India for one year with effect from October 09, 2024, or until further orders, whichever is earlier.
Giving a keynote address at the International Research Conference hosted by the College of Agricultural Banking (CAB), Pune, the RBI Deputy Governor highlighted five solutions that could go a long way in addressing the issue of financing sustainable agriculture.
The role of finance in shaping and reshaping India's future is indisputable as there is a deep nexus between finance and growth, Michael D Patra, Deputy Governor, Reserve Bank of India (RBI), said.
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
Swaminathan J, Deputy Governor, Reserve Bank of India (RBI) on Wednesday said that the financial sector should leverage digitisation in credit delivery to help Micro, Small and Medium Enterprises (MSMEs).
Asserting that full insurance coverage for all depositors appears somewhat financially non-viable, RBI Deputy Governor M. Rajeshwar Rao suggested that if this could be given to certain sections of the customers -- small depositors, senior citizens, or pools deposits of smaller depositors
Online banking services like Internet banking and mobile banking may increase the chances of liquidity crisis during periods of stress, highlights RBI Deputy Governor Swaminathan Janakiraman during an event in Jaipur on Wednesday.
Reserve Bank of India (RBI) Deputy Governor Michael Patra underscored the urgent need for evolving deposit insurance systems to meet the challenges posed by rapid financial innovation and climate change at an event organised by the Deposit Insurance Corporation of Global Communities (DICGC)
India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
The Reserve Bank of India raised alarm on the functioning of the Asset Reconstruction Companies (ARCs) by highlighting that the ARCs not working as per their mandate to reconstruct and recover the assets
Addressing a conference of heads of assurance of NBFCs held in Mumbai, Swaminathan J, Deputy Governor, RBI said that many NBFCs are increasingly turning to rule-based credit engines to accelerate the growth of their lending portfolios. He added with concern that while automation can enhance