RBI governor
According to a statement released by RBI Governor, RaghuramRajan, the Reserve Bank of India plans on offering greater flexibility to banks for restructuring of distressed loans. This shall be done with the objective of steering funding towards cash-strapped infrastructure projects. In view of the poor state of affairs in the development of infrastructure projects due [...] Continue Reading »
SBI chief Arundhati Bhattacharya on Thursday said that the interest rate would be left unchanged by the RBI in the next review. She was speaking ahead of the RBI’s monetary policy review and also states that there is a chance of the RBI softening its stance as this financial year closes. According to her, all [...] Continue Reading »
