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SS Mundra

Mundra retires; Vishwanathan to head supervisory depts at RBI

Mundra retires; Vishwanathan to head supervisory depts at RBI

Tue, Aug 01, 2017

Deputy governor Viral Acharya will be handling the central security cell, the Rajbhasha department and the human resources function, RBI said.

RBI to revamp bankers' panels to boost priority sector lending

RBI to revamp bankers' panels to boost priority sector lending

Sun, Jul 16, 2017

"We are looking at revamping the entire structure of SLBC so that banks can lend more to the priority sector, which has the potential to create more jobs and self-employment," said Mundra at a conference organised by the College of Agricultural Banking here.

Ind-AS migration to raise banks' capital need by 30%: SS Mundra

Ind-AS migration to raise banks' capital need by 30%: SS Mundra

Fri, Jun 23, 2017

Mundra said banks are concentrating on lending to the manufacturing sector but needs to focus services sector also.

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RBI deputy Mundra says state-run lenders may need more capital

RBI deputy Mundra says state-run lenders may need more capital

Fri, Jun 16, 2017

Mundra, addressing reporters in the sidelines of a banking event in New Delhi, also said there was no specific timeline set by the central bank to identify additional loan defaulters on which bankers would need to start bankruptcy proceedings.

MNP for banks if RBI has its way; will you gain from it?

MNP for banks if RBI has its way; will you gain from it?

Thu, Jun 01, 2017

Benefits of bank account portability would mean your account number would remain the same even if you change your bank. Banks, naturally, are not enthused by the idea but RBI is pushing for it.

RBI promises more effective steps to tackle bad loans pain

RBI promises more effective steps to tackle bad loans pain

Thu, Apr 06, 2017

The RBI also increased minimum capital requirement for asset reconstruction companies to Rs 100 crore from Rs 2 crore earlier today.

How long will the Indian Rupee appreciate for?

How long will the Indian Rupee appreciate for?

Tue, Mar 28, 2017

As per Nirmal Bang Research, RBI intervention is decreasing as forex market turnover has more than trebled in past decade indicating INR to be more market-determined or more sensitive to foreign portfolio flows.

Farm loan waiver affects credit discipline: RBI

Farm loan waiver affects credit discipline: RBI

Thu, Mar 23, 2017

On March 15, Bhattacharya had expressed reservation over assurances and demand for complete farm loans waiver, coming from different quarters. The following day, Congressmen staged a protest outside the SBI headquarters at Nariman Point in Mumbai to protest.

Vinod Rai writes to Finance Minister, PMO on bad loans, suggests roadmap

Vinod Rai writes to Finance Minister, PMO on bad loans, suggests roadmap

Sun, Mar 19, 2017

Earlier this week, Jaitley had said the RBI has set up an Oversight Committee to look into process of the cases referred to it by the different banks.

Adopt tech and be agile, else become history: Mundra to banks

Adopt tech and be agile, else become history: Mundra to banks

Tue, Feb 21, 2017

Reserve Bank deputy governor SS Mundra warned that unless traditional banks quickly convert themselves in to a new-age digital banks, they face the risk of becoming history.

Demonetisation: RBI to set up task force for recalibration of ATMs

Demonetisation: RBI to set up task force for recalibration of ATMs

Mon, Nov 14, 2016

As per RBI, re-calibration of ATMs involves multiple agencies – banks, ATM manufacturers, NPCI, Switch Operators.

Out of order: One third of ATMs don't work in India

Out of order: One third of ATMs don't work in India

Tue, May 24, 2016

In February India`s finance minister, Arun Jaitley, announced a "massive nationwide rollout" of ATMs over the next three years.

SS Mundra expresses 'displeasure' after Dilip Shanghvi cancels payments bank plan

SS Mundra expresses 'displeasure' after Dilip Shanghvi cancels payments bank plan

Mon, May 23, 2016

Earlier this month, the RBI issued draft guidelines for issuing on-tap universal bank licences.

Jan Dhan Yojana accounts more vulnerable to frauds: RBI warn banks

Jan Dhan Yojana accounts more vulnerable to frauds: RBI warn banks

Mon, May 23, 2016

Mundra warned if banks fail to take proactive measures to stop such transactions, it could face some action from RBI

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