Reserve Bank of India (RBI) is likely to â€œvery soonâ€ come out with the final guidelines on new bank licences as its consultation with the finance ministry on the issue is nearing an end, deputy governor Anand Sinha said. Read more
Urjit Patel recently took charge as deputy governor of the Reserve Bank of India two weeks ahead of a crucial monetary policy review. Although the central bank has not announced new portfolio’s, Patel is seen to be taking charge of the monetary policy department, earlier headed by Subir Gokarn, whom he succeeds at RBI. Read more
In a little over a month from now, Hari Narayan J chairman of Irda (Insurance Regulatory and Development Authority), who got into a spat with Sebi over two years ago to safeguard the interests of insurance companies and policyholders will complete his three-year term.
The former civil servant is credited with having carried out reforms in the life insurance sector by unveiling tougher norms on unit-linked plans and pension products. TS Vijayan, the former chairman of LIC, chairman of LIC DK Mehrotra, secretary of IT and communications R Chandrasekhar and petroleum secretary GC Chaturvedi are candidates who may succeed Hari Narayan. Read more