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Former RBI Governor And Architect Of Modern Indian Banking, M Narasimham Passes Away In Hyderabad Former RBI governor M Narasimham (Administrative Staff College of India) Former governor of Reserve Bank of India (RBI), 94 year old Maidavolu Narasimham passed away in Hyderabad on Tuesday (20 April). He joined RBI as a research officer in the Economics department and is the only governor who rose from the ranks of RBI. Narasimham who is popularly called as the architect of modern Indian banking, had chaired two high-powered committees on banking and financial sector reforms. The first high-powe...

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Prime Minister Narendra Modi said on Friday his government's top priority is to make the financial sector transparent so that depositors and investors trust it. “The old ways and old systems of banking and non-banking sectors are changing,” Modi said addressing a webinar on effective implementation of Budget announcements for financial services. The government has taken steps to free the country from non-transparent credit culture, Modi said. The banking sector was severely impacted 12 years ago due to aggressive lending practices. He said now instead of brushing NPAs under the carpet,...

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Exclusive content, features, opinions and comment - hand-picked by our editors, just for you. Pick 5 of your favourite companies. Get a daily email with all the news updates on them. Track the industry of your choice with a daily newsletter specific to that industry. Stay on top of your investments. Track stock prices in your portfolio. NOTE : This product is a monthly auto renewal product. Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. ...