Tarun Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks

Use this 'act of God' to push fiscal reforms: ex-RBI chief D Subbarao advises FM Sitharaman Duvvuri Subbarao, former governor of the Reserve Bank of India (RBI), has advised Union Finance Minister Nirmala Sitharaman to use the pandemic as an opportunity to execute fiscal reforms, and not just \"waste this crisis\". Subbarao highlighted potential challenges for the Indian economy, saying that the hurdles faced by Sitharaman are unique, something that her predecessors had not encountered duri...

The central bank has already conducted two open market operations in state developments loan covering all states and union territories for a cumulative amount of Rs 20,000 crore

Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman's case, the advice has always been to \"spend more\", still leading to an ironic result of a slumped economy

Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman's case, the advice has always been to \"spend more\", still leading to an ironic result of a slumped economy

The standard advantage of a bad bank is that the entity taking a decision on the sale price is different from the entity accepting that price

Even countries that are a fraction of India's size for example Finland, Denmark, Belgium, Austria, Norway have at least one bank in the global top hundred, he said while delivering a lecture at the fifth anniversary event of Bandhan Bank

Talking about India's short- and medium-term growth prospects, Subbarao expressed that they appear grim and the Centre should not make much of the economic activity coming back from the depressed base of coronavirus-induced lockdown

Though India's economy has been hit the hardest due to lockdown, some sectors have held the fort, with agriculture, exports, consumer durables, FMCG recording growth

In his new book titled 'Quest For Restoring Financial Stability In India', Acharya delves into the nature of pressure he worked under at the Reserve Bank of India

\"In all these very grim scenarios, there are some silver linings and we have to see how we leverage them as we near total recovery of the economy,\" he said

The reason India finds itself in the comity of nations that can't afford a big stimulus to stoke economic growth is the 8 quarters of wait-and-watch game played until coronavirus hit us

UNCTAD believes that India and China are among the few world economies least likely to fall into recession. But don't be surprised if it chooses to revise India outlook

P. Chidambaram, Meghnad Desai, Bimal Jalan, D. Subbarao, and Junaid Ahmad on how to get the GDP going

INX Media case: Apart from CBI, ED has also been seeking for Chidambaram's custodial interrogation; it has opposed his anticipatory bail plea in SC

Two high-profile RBI exits - Urjit Patel and Viral Acharya - have again opened the debate on the central bank's independence

The new rates linked the external benchmark rate of the repo rate, will be effective May 1; but the move will not benefit all its depositors as the new rate is applicable only to those with a balance of over Rs 1 lakh in their accounts.

The meeting, attended by heads of Punjab National Bank, Bank of Baroda, Bank of India, Bank of India, ICICI Bank, Kotak Mahindra Bank and IDFC First Bank, focused only on effective transmission of monetary policy.