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Jalan panel holds first meeting to examine reserve size of RBI; report likely in April

Tuesday, January 8, 2019, 7:37 PM

A high-level panel led by former RBI governor Bimal Jalan held its first meeting to decide on an-appropriate-size of reserves that central-bank should maintain and dividend it should give to government. The six-member panel is likely to submit its report in April, sources said. The government and RBI under previous governor Urjit Patel had been at loggerheads over the Rs.9.6LCr surplus capital with central-bank.
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RBI says no to dilution of bank capital norms

Saturday, December 29, 2018, 8:08 PM

The Reserve Bank of India (RBI) on Friday opposed government calls to relax the rules for risk weights and capital requirement for Indian banks, while simultaneously announcing its intention to revise existing prudential regulations. The RBI warned that relaxing the current risk-adjusted capital norms, often termed as Basel-III-plus norms, could hit the economy at a time when defaults are high and provisions low.
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All that happened after RBI Governor Urjit Patel resigned

Tuesday, December 11, 2018, 8:42 AM

Monday, December 10 was expected to be a non-happening day as all the happenings were expected to happen on December 11, when assembly election results of Madhya Pradesh, Rajasthan, Chhattisgarh, Telangana and Mizoram will be announced. But Monday had its own plans. With the resignation of Reserve Bank of India (RBI) Governor Urjit Patel, the Narendra Modi government suffered a massive unsuspecting blow.

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