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SS Mundra News
Mundra retires; Vishwanathan to head supervisory depts at RBI
Tue, Aug 01, 2017
Deputy governor Viral Acharya will be handling the central security cell, the Rajbhasha department and the human resources function, RBI said.
RBI to revamp bankers' panels to boost priority sector lending
Sun, Jul 16, 2017
"We are looking at revamping the entire structure of SLBC so that banks can lend more to the priority sector, which has the potential to create more jobs and self-employment," said Mundra at a conference organised by the College of Agricultural Banking here.
Ind-AS migration to raise banks' capital need by 30%: SS Mundra
Fri, Jun 23, 2017
Mundra said banks are concentrating on lending to the manufacturing sector but needs to focus services sector also.
RBI deputy Mundra says state-run lenders may need more capital
Fri, Jun 16, 2017
Mundra, addressing reporters in the sidelines of a banking event in New Delhi, also said there was no specific timeline set by the central bank to identify additional loan defaulters on which bankers would need to start bankruptcy proceedings.
MNP for banks if RBI has its way; will you gain from it?
Thu, Jun 01, 2017
Benefits of bank account portability would mean your account number would remain the same even if you change your bank. Banks, naturally, are not enthused by the idea but RBI is pushing for it.
RBI promises more effective steps to tackle bad loans pain
Thu, Apr 06, 2017
The RBI also increased minimum capital requirement for asset reconstruction companies to Rs 100 crore from Rs 2 crore earlier today.
How long will the Indian Rupee appreciate for?
Tue, Mar 28, 2017
As per Nirmal Bang Research, RBI intervention is decreasing as forex market turnover has more than trebled in past decade indicating INR to be more market-determined or more sensitive to foreign portfolio flows.
Farm loan waiver affects credit discipline: RBI
Thu, Mar 23, 2017
On March 15, Bhattacharya had expressed reservation over assurances and demand for complete farm loans waiver, coming from different quarters. The following day, Congressmen staged a protest outside the SBI headquarters at Nariman Point in Mumbai to protest.
Vinod Rai writes to Finance Minister, PMO on bad loans, suggests roadmap
Sun, Mar 19, 2017
Earlier this week, Jaitley had said the RBI has set up an Oversight Committee to look into process of the cases referred to it by the different banks.
Adopt tech and be agile, else become history: Mundra to banks
Tue, Feb 21, 2017
Reserve Bank deputy governor SS Mundra warned that unless traditional banks quickly convert themselves in to a new-age digital banks, they face the risk of becoming history.
Demonetisation: RBI to set up task force for recalibration of ATMs
Mon, Nov 14, 2016
As per RBI, re-calibration of ATMs involves multiple agencies – banks, ATM manufacturers, NPCI, Switch Operators.
Out of order: One third of ATMs don't work in India
Tue, May 24, 2016
In February India`s finance minister, Arun Jaitley, announced a "massive nationwide rollout" of ATMs over the next three years.
SS Mundra expresses 'displeasure' after Dilip Shanghvi cancels payments bank plan
Mon, May 23, 2016
Earlier this month, the RBI issued draft guidelines for issuing on-tap universal bank licences.
Jan Dhan Yojana accounts more vulnerable to frauds: RBI warn banks
Mon, May 23, 2016
Mundra warned if banks fail to take proactive measures to stop such transactions, it could face some action from RBI