She changed 'his'tory to 'her'story..........

 

Vimala Viswanathan

I.T.Vaz

K.J.Udeshi

Shyamala Gopinth 

Usha Thorat 

Dr.Deepali Pant Joshi ..................... Let 'her'story continue

Gone are the days when the Private Secretaries cadre in RBI was dominated by male bastion. Today, the PS job is (wo)manned by more than 60% female colleagues.  

Ever"Green" Pushkala

Pushkala Ranganathan, Principal Private Secretary to the Governor deserves a special mention to occupy the unique chair. 

VITALINFO extends wishes on International Women's Day 

One woman’s initiative helps thousands stand on their feet

It seems, women no longer believe in the notion that men are the financial providers for a family. In fact, one can draw inspiration from these 1,700 women from Nandurbar, Jalgaon and Dhule areas of Khandesh who work hard and are financially independent. They have sold 94,000 quilts to Shri Gajanan Maharaj Sansthan Shegaon in Buldhana and earned employment of Rs32.10 lakh in a matter of six months. Neelima Mishra, the Magsaysay award winner who is the spirit behind Sakhi Udyog Kendra, informed that .........

Read - DNA

Nashik woman storms the final male bastion, the crematorium

At first sight, she is like any other working woman. She juggles her day between taking care of her large family including two children, in-laws and parents and rushes to work. What makes her different is that she runs a crematorium and is available to serve the dead. In fact, Sunita Patil lives next to the gate of the Panchavati crematorium where she is available 24/7......

Read - DNA

KK Travels will launch all-women cab service today

City-based KK Travels will launch an all-women cab service on International Women’s Day on Friday. The facility will be a welcome step in the wake of the attacks on women in the business process outsourcing. Announcing ‘Nari Cab Service’, KK Travels managing director Kedar Kasar said on Thursday that the cabs will be driven by women and ferry women passengers and their families........

Read - DNA

Axis Bank launches women leadership programme

Private sector lender Axis Bank has launched the ‘We Lead: Axis Bank–ISB Women Leadership Programme’ at Indian School of Business (ISB) to build a diversified leadership talent pipeline. With the programme, Axis Bank aims at recruiting the students pursuing the post-graduate programme at ISB who are interested in building a career in the banking sector. In the first year of the programme, 12 women students have been selected........

Read | Business Standard

Man held for duping traders by posing as RBI officer

.....Trilokvani, who hailed from Jaipur, duped scores of traders by posing as an RBI officer and promising them to get their loans sanctioned and facilitating other transactions....

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गड्डियों से निकल रहे नकली नोट

...... भागलपुर : शहर के कई बैंकों में अगर आप निकासी कर रहे हैं तो संभव है गड्डी में एक-दो नोट नकली हों। इन दिनों ऐसे कई मामले सामने आ रहे हैं। हजार के जाली नोट कई ग्राहकों को मिल रहे हैं। मजे की बात यह है कि जब इस नोट को बाद में उसी बैंक में वापस करने कोई जाता है तो बैंक उसे लेने से इन्कार कर देता है। ......

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आरबीआइ ने बताए सही नोट पहचानने के गुर

...... जी हां, पैसे पेड़ पर नहीं लगते। सोमवार को यही बताने रिजर्व बैंक ऑफ इंडिया, क्षेत्रीय कार्यालय की पूरी टीम भागलपुर आई थी। आरबीआइ सिर्फ नोट छापने या नोट जारी करने की संस्था भर नहीं रही अब। बैंकों का बैंक आरबीआइ सोमवार को टाउन हॉल में एक नए अवतार में लोगों के सामने नजर आया। जागरूकता कार्यशाला का उद्घाटन कमिश्नर मिन्हाज आलम, डीडीसी प्रभात कुमार सिन्हा व आरबीआइ के महाप्रबंधक जेपी टिर्की ने संयुक्त रूप से किया।......

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Bank management ‘ignoring’ rural areas in Shimla, Sirmaur

........The Ministry of Finance and the Reserve Bank of India (RBI) have asked all the rural banks to achieve financial inclusion by opening minimum of 10 per cent more branches every year in the areas with a fewer number of banks. The villagers said rural banks were not providing banking facilities in Shimla district, Dewat, Bamta, Nerwa, Kupvi, Sarahan and Chopal areas. Matiana, Bekhlati, Sandhu, Kharapathar, Jubbal, Hatkoti, Chaila, Tikkar and Spail in the Rohru subdivision had no rural bank branches, they said. The HPGB is yet to start ATM services in its branches.........

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Central Banker: The last man standing

........Dr.Subbarao’s empathy for the poor and a more humane outlook towards interest rates and inflation may have more to do with his tenure as a civil servant than his training as an economist. A career that spans across different branches of government and multiple domains of public policy must surely give a bureaucrat-economist a better reading of an economic system than a pure economist. As the saying goes – If the only tool you have is a hammer, then every problem looks like a nail.........

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The rate cut that is bound to disappoint

Being Governor of the Reserve Bank of India (RBI) has never been easy in India. Prime Minister Manmohan Singh, also a former Governor of the central bank, once called it the "loneliest job in the country". Never more so than now. Both government and markets have made no bones about their desire to see the RBI cut policy rates at its next policy review on March 19........

Read - ET

Chidambaram to address RBI board on Mar 8

........"I am sure that monetary policy advisory committee to the Governor will take note of all that we have done, all that we have promised to do and advise him appropriately and I am sure Governor will take the decision in his best judgement," ..........

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K C Chakrabarty: India-OECD-World Bank regional conference on “Financial education”

Welcome address by Dr K C Chakrabarty, Deputy Governor of the Reserve Bank of India, at the India-OECD-World Bank Regional Conference on “Financial education”, New Delhi, 4 March 2013

......Over the past few years, particularly in the aftermath of the global financial crisis, the importance of Financial Education and Financial Literacy has come to be widely acknowledged. This recognition has led countries to initiate programmes to disseminate financial literacy among its citizens. As the OECD’s definition of financial literacy indicates, it is “a combination of financial awareness, knowledge, skills, attitude and behaviours necessary to make sound financial decisions and ultimately achieve individual financial 2 BIS central bankers’ speeches wellbeing”. I would argue that financial literacy is not only important for financial well-being of the masses; it is also a sine qua non for the economic well-being of the nation as a whole......

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Duvvuri Subbarao: Financial literacy and financial inclusion are integral to each other

Inaugural remarks by Dr Duvvuri Subbarao, Governor of the Reserve Bank of India, at the India-OECD-World Bank Regional Conference on “Financial education”, New Delhi, 4 March 2013

......This conference, I know, is on financial education. Nevertheless, you would have found me speaking about financial inclusion and financial literacy together, almost synonymously. That is not confusion. That is deliberate........

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RESERVE BANK OF FIJI SIGNS MEMORANDUM OF UNDERSTANDING WITH THE RESERVE BANK OF INDIA

The Reserve Bank of Fiji (RBF) has signed a Memorandum of Understanding (MOU) with the Reserve Bank of India (RBI) on 5 March 2013. According to the Governor of the Reserve Bank of Fiji, Barry Whiteside, the MOU marks an achievement for the two institutions and will form the basis for enhanced cooperation and information sharing in the area of banking supervision. For the RBF, this is the first such MOU it has engaged in with a fellow regulatory institution.....

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New pension rules

... it may be a good idea to see if a large proportion can be allowed where subscribers specifically want it. Investing in debt may be a safe option, but if debt is giving a return of 8% versus an inflation level of 9%, the only thing that is sure is that effective savings are being eroded with each passing year. NPS, however, has many other serious problems that need tackling..........

Read - FE

RBI Becomes Extra Vigilant About Banks’ Infra Exposure

"The inspectors also made note of the bank's risk management system to identify early signs of stress in loan accounts." The RBI did not respond to ET's emailed query on the development. The central bank is concerned as some companies in the power sector are stuck in litigation.......

Read - ET

Public sector banks pay lip service to priority sector: study

Several public sector banks have not abided by the Reserved Bank of India’s (RBI) norm of extending 40 per cent of advances to the priority sector for the 2011-12 period. These were the findings of the State Focus Paper brought out by the National Bank for Agriculture and Rural Development (NABARD), Bangalore, for the 12th Five-Year Plan................

Read - The Hindu

The Hunt for India Bank Licenses

A new Indian bank could be coming your way, but who will get a license to operate in this potentially lucrative sector?.........

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Bank defies Uddhav, Raj Thackeray diktat, says will hire 'Marathi speakers'

............According to the bank, it follows a centralised recruitment policy applicable to all public sector banks, but “some people made an issue out of a non-issue”. “When we called candidates for interview, it was a prerequisite that he or she must know Marathi. The persons selected must know the regional language as they are supposed to work in interior regions,” Central Bank of India chairman and managing director M V Tanksale said........

Read - FE

Vikram Pandit joins race for Indian banking licences

.........According to the report, Pandit may either form a team of  ex-Citi colleagues for the operational impetus to the bank or could lead the banking venture for an existing  corporate house. His expertise in the field is bound to usher in new wave of technical know-how............

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RBI to issue clarifications on new bank licence norms

.....Assuring that the identity of those seeking clarifications will be protected, the regulator invited them to write in by April 10. However, RBI has not mentioned when it would come out with the clarifications. “Considering that the clarifications sought would be of wider interest and use for all intending applicants, the Reserve Bank has decided to post the clarifications on its website,” it said........

Read - The Hindu

'SBI asset quality may stabilise in FY14'

.....Incremental NPL's are likely to moderate in the near term. But, SBI is likely to continue to demonstrate greater cyclicality, given some of the policy roles it has performed. The restructuring in infrastructure assets is likely to gain momentum as the Reserve Bank of India's (RBI) draft guidelines on doing away with restructuring for non-infrastructure loans after FY15 come into effect........

Read - Business Standard

Bankers' trust

Ever since Videocon announced that it is in the race to set up a bank, its Managing Director Raj Kumar Dhoot is the most sought-after man by bankers. ...........

Read | Business Standard

IDBI Bank to hire 2,000 people next fiscal

....Of the 2,000 recruits, 500 would be for replacement and attrition while 1,500 would be for staffing its new branches. “We have an advantage of being a young organisation with very few about to retire,” said R. K. Bansal, Executive Director, IDBI Bank........

Read - HBL