R Gandhi News

The appointment is for a period of two years with effect from May 14, 2019 to May 13, 2021 or till further orders, whichever is earlier, Yes Bank said in a filing to stock exchanges.

The apex court has declared the Aadhaar scheme constitutionally valid, striking down some of its provisions.

Reserve Bank Deputy Governor R Gandhi on Wednesday raised concerns over virtual currencies such as Bitcoin and said they pose potential financial, legal, customer protection and security-related risks.

Even as the government and the Reserve Bank are working in concert to deepen the corporate bond markets, deputy governor R Gandhi today said we must be "realistic" in our goals and not squeeze out the bank financing in the process.

Reserve Bank deputy governor R Gandhi said the challenge is how to establish an implementable framework to deal with the emerging systemic risks at an "incipient" stage itself.

The current regime of low inflation is likely to sustain for a longer period, Reserve Bank Deputy Governor R Gandhi said Tuesday.

Gandhi said there is a need for banks to shore up their capital in view of the migration to the capital-intensive Basel-III framework over the next four years and added that there are many ways to do so.

India`s market regulator is working on a platform for reporting securitisation deals, Reserve Bank of India deputy governor R Gandhi said on Tuesday.

"More often than not, the frauds lead to tighter regulations. These aim at bringing in both corrective and preventive measures," he said, while adding that banks must follow three KY Principles, Know its Customer, Know its Employee and Know its Partner, to check frauds.

Reserve Bank Deputy Governor R Gandhi on Friday said state-owned banks are "adequately" capitalised at present but would need additional money to comply with global capital adequacy norms in the future.

RBI on Thursday said it will soon come out with a new series of the currency notes as part of its constant endeavour to improve the security features of the currency bills.

Reserve Bank Deputy Governor R Gandhi Friday made it clear that domestic banks setting up shops at the International Financial Services Centre (IFSC) here must adhere to anti-money laundering norms and refrain from doing cash transactions.

The rise in government borrowings through bonds is impeding the growth of the corporate debt market in the country, Reserve Bank Deputy Governor R Gandhi said Monday.

Stating that bad loans from education segment are very high, Reserve Bank deputy governor R Gandhi on Tuesday asked credit information companies (CICs) and banks to 'counsel' the youth on good credit behaviour.

Welcoming the government's move to selectively allocate capital to lenders, Reserve Bank deputy governor R Gandhi on Tuesday said PSBs will have to look at alternatives beyond the Centre's support for raising money going forward.

The Reserve Bank of India (RBI) is considering more measures for non-banking financial companies (NBFCs), including more oversight and bringing state-owned firms under central bank supervision, Deputy Governor R. Gandhi said in a speech on Sunday.

RBI has identified several financial companies accepting deposits from public without authorisation from it and state governments are in the process of taking action against them, RBI Deputy Governor R Gandhi said Sunday.

The country`s government-controlled banks together hold over 70 percent of market share by loans.

Final guidelines for on tap universal banking licences will be issued in the current fiscal, Reserve Bank Deputy Governor R Gandhi said Tuesday.

The Reserve Bank is working with the government to bring about changes in the law to regulate the entities who are illegally accepting deposits from the public, Deputy Governor R Gandhi said on Thursday.