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Mumbai, Apr 8 (PTI) The Reserve Bank did not come across any governance or conduct-related issues during supervisory inspection of HDFC Bank, Governor Sanjay Malhotra said on Wednesday. Responding to a question at the post-monetary policy press conference on sudden resignation of HDFC Bank Chairman Atanu Chakraborty and subsequent fall in its share price, Malhotra said RBI had also seen minutes of meetings of the lender, and the RBI did not find any thing of material concern. He said the RBI i ...Read More >
Mumbai, Dec 5 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said that the policy repo rate will continue to be "low" till the inflation remains benign. Speaking to reporters at the RBI headquarters after announcing a 25 basis points cut in the repo rate to 5.25 per cent, he declined to specify the level to which the repo rate can go to but added that the RBI's inflation estimates point to benign numbers. "Going forward, we expect benign inflation and so if the inflation continues to be ...Read More >
Mumbai, Jun 6 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. The RBI also said the bank has complied with all the regulatory asks over the turbulent period. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I thought that should be good enough. Do you expect that all the board mem ...Read More >
Mumbai, Jun 6 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. The RBI also said the bank has complied with all the regulatory asks over the turbulent period. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I thought that should be good enough. Do you expect that all the board mem ...Read More >
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