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Viral Acharya News
Viral Acharya's resignation: RBI union moots collegium of experts to select governors, deputy governors
Wed, Jun 26, 2019
The All-India Reserve Bank Employees Association said, "Such sensitive and very important positions at the central bank must be decided not by a few ministry officials, even not by the finance minister himself, but by a collegium of experts comprising former governors, other prominent central bankers and economists."
Why RBI deputy governor Viral Acharya resigned: Here's official RBI response
Mon, Jun 24, 2019
In another big resignation at the Reserve Bank of India (RBI) within six months, deputy governor Viral Acharya has quit, sources told Zee Business TV today.
RBI deputy governor Viral Acharya resigns, may return to the US: Sources
Mon, Jun 24, 2019
RBI Deputy Governor Viral Acharya has resigned, six months before the end of his tenure.
Urjit Patel quits in shock move! Viral Acharya next?
Mon, Dec 10, 2018
Now that RBI governor Urjit Patel has decided to exit from his post, it will only be a matter of time, and no surprise at all, if any other resignations take place in the central bank.
RBI vs Centre: Urjit Patel in spotlight, markets on watch
Mon, Nov 19, 2018
Unhappy over the pressure, RBI Deputy Governor Viral Acharya had warned that undermining central bank independence could be "catastrophic".
Raghuram Rajan wants RBI to play like Rahul Dravid, not Navjot Singh Sidhu in rift with Centre
Tue, Nov 06, 2018
Raghuram Rajan spoke in an interview over key developments in RBI vs govt controversy, section 7, debate on NBFC liquity, PCA framework and he also shed some light on rupee volatility.
RBI vs Govt row! A case for PCA framework in India
Mon, Nov 05, 2018
The government's row with RBI is over the PCA framework where about 11 state-owned banks are, more or less, trapped.
Centre vs RBI: With these 7 quotes, Arun Jaitley destroys autonomy call for RBI
Tue, Oct 30, 2018
The row that has broken out between Centre and the Reserve Bank of India (RBI) over independence of India's central bank has now been ratcheted up to a higher level with the Modi government deploying FM Arun Jaitley who proceeded to blast the cbank for its sins of omission and commission, but res
Battle for Dignity or Power Play? It is RBI vs Govt; Urjit Patel, Viral Acharya at center stage
Tue, Oct 30, 2018
Government officials may blame RBI for talking about regulatory matters openly, but in a big relief for Governor Urjit Patel, the central bank’s union has taken up cudgels on his behalf.
Arun Jaitley hits back at RBI, says it allowed lending excesses
Tue, Oct 30, 2018
Finance Minister Arun Jaitley blamed the Reserve Bank of India (RBI) on Tuesday for failing to stop a lending spree between 2008-2014 that left banks with huge bad debts, inflaming a row that recently erupted between the government and the central bank.
Extended market timing: Viral Acharya says RBI will set up panel
Wed, Aug 01, 2018
Deputy governor Viral Acharya today said with increased global integration of the domestic markets, it is increasingly being discussed that market timings may be reviewed to facilitate better and quicker pricing of global developments.
How to manage macro financial risks? RBI discusses, outlines path
Tue, Jul 24, 2018
RBI Deputy Governor Viral Acharya outlined the path to creation of a Public Credit Registry in India and also possible use of the GSTN eco-system, both of which are expected to transform the economy through better credit allocation.
MSP, fiscal slippage, inflation force RBI tread cautiously
Thu, Feb 22, 2018
RBI kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6%, raised CPI inflation target
RBI concerned over banks' rising exposure to sovereign bonds
Wed, Jan 17, 2018
Share of commercial banks in outstanding G-Sec was around 40%, while investment of SCBs in these bonds was about 82% of total investment by end of FY17.
RBI Guv flagged concern over rising oil prices at MPC meet
Wed, Dec 20, 2017
RBI Governor Urjit Patel flagged concerns over rising global oil prices and uncertainties on fiscal and external fronts in the meeting of Monetary Policy Committee (MPC) that left key policy rates unchanged earlier this month.
Wilful defaulters in RBI's second list may face IBC proceedings
Wed, Dec 13, 2017
Axis Bank, which was the first to come out and reveal its exposure in these defaulters, stated in Q2FY18 result that it has exposure on 12 of the identified defaulters.
Liquidity surplus in banking system has normalized, says Viral Acharya
Wed, Dec 06, 2017
"We will also consider open market operations, in case a liquidity is required to be injected or absorbed on a durable basis," Acharya said.
Stress on asset resolution, recapitalisation to improve banks' balance sheets: Acharya
Fri, Nov 17, 2017
The Deputy Governor said: "The dominance of the supply side factor has also been borne out by the fact that the credit growth of private sector banks remains robust, whereas there has been a sharp deceleration in the credit growth of PSBs"
Second list of defaulters out; RBI hope lenders file for IBC on their own without regulatory directions
Fri, Sep 08, 2017
Acharya said, " The Reserve Bank has now advised banks to resolve some of the other accounts by December 2017; if banks fail to put in place a viable resolution plan within the timelines, these cases also will be referred for resolution under the IBC."
What does SBI merger tells us about the upcoming bank mergers?
Thu, Aug 24, 2017
The Union Cabinet has approved an alternate mechanism for the merger of other PSBs in the coming days. Even though the move is expected to help but yet not entirely the solution needed for PSBs.