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Dr.Raghuram Rajan
Governor,Reserve Bank of India

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Fin Min orders forensic audit of Dena bank and Oriental Bank of Commerce

The government has initiated a forensic audit of the state-run Oriental Bank of Commerce and Dena Bank. This was after some reports suggested that OBC had allegedly siphoned off Rs.80 crore and Dena Bank Rs. 256 crore from their fixed deposit customers.Speaking to reporters in Mumbai today...


Yet to get a proposal from RBI on COO appointment: Finance Ministry

Ending speculation regarding the post of Chief Operating Officer for the Reserve Bank, the Finance Ministry today clarified that it has still not received any proposal in this regard. Speaking to reporters in Mumbai today, Financial Services Secretary G S Sandhu said, the government will d...


Government to bring a blueprint of affordable housing policy

The government will soon be coming out with a blueprint of its affordable housing policy. Addressing a realty summit in Mumbai today, Financial Services Secretary G S Sandhu said, the Centre and the states, financial institutions, developers and local bodies are important stakeholders who will have...


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