Raghuram Rajan

India`s bankers skeptical over central bank proposal on bad loans

India`s bankers skeptical over central bank proposal on bad loans

Published 22/02/2017

People walk past the Reserve Bank of India (RBI) building in New Delhi, India. Picture taken March 2, 2016. REUTERS/Anindito Mukherjee

A proposal by India's central bank to set up new private or state companies that would buy up bad debt from lenders was met with widespread scepticism by bankers on Wednesday, who warned the plan would add more complexity and delay any restructuring.

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Under enigmatic Patel, Indians failing to decode central bank policy

Under enigmatic Patel, Indians failing to decode central bank policy

Published 17/02/2017

The Reserve Bank of India (RBI) Governor Urjit Patel speaks during a news conference after the bimonthly monetary policy review in Mumbai, India December 7, 2016. REUTERS/Danish Siddiqui/File Photo

Denny Jose, a small-town caterer in the southern Indian state of Kerala, was closely watching the Indian central bank meeting last week.

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Modi, in address, chides Pakistan and urges Indian unity

Modi, in address, chides Pakistan and urges Indian unity

Published 15/08/2016

By Douglas Busvine and Nidhi Verma | NEW DELHI NEW DELHI Indian Prime Minister Narendra Modi took aim at supporters of "terrorism" in his Independence [more…]

RBI cuts rates for third time to put Indian growth on firmer footing

Published 02/06/2015

MUMBAI India's central bank cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to [more…]