Breaking News

Corona Virus Full Stats

India Stats

9,531,109 Total Cases
138,627 Deaths
8,967,902 Recovered

Global Stats

64,543,509 Total Cases
1,493,921 Deaths
44,737,107 Recovered
Read more
Home » Tag Archives: RBI governor Urjit Patel

Tag Archives: RBI governor Urjit Patel

RBI Governor Urjit Patel suggests merging public sector banks

NEW YORK: RBI Governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to have fewer but healthier entities, as it would help in dealing with the problem of stressed assets. “As many have pointed out, it is not clear that we need so many public sector banks. The system ... Read More »

Govt unveils special bonds to soak demonetised funds

MUMBAI: The government on Friday created provisions to issue special bonds worth up to Rs 6 lakh crore to absorb the temporary surplus with banks created by nationwide deposits of demonetised currency, which crossed Rs 8 lakh crore last weekend. The RBI will sell the bonds, called Market Stabilisation Scheme (MSS), to banks on behalf of the government. Although the ... Read More »