Edited excerpts from valedictory speech delivered by R. Gandhi, Deputy Governor, Reserve Bank of India, at the FIBAC 2016 “New Horizons in Indian Banking” on 17 August 2016 at Mumbai. “Banking is necessary, but banks are not”, I am quoting here Bill Gates, what he said as Chairman, Microsoft, way…
The Reserve Bank of India (RBI) governor, Raghuram G Rajan, has suggested Indian banks should improve their hiring process to bring in the right talent and also offer performance-based incentives, including promotions and employee stock options, to its executives to improve the performance of its loan assets. “The current times…
In the last monetary policy review by the Reserve Bank of India (RBI) with  Dr. Raghuram G. Rajan as its governor, the Indian central bank has kept the key monetary policy rates unchanged. The repo rate, or the rate at which the RBI lend to banks for infusing liquidity in…