According to him, the central bank is busy improving the auditing process to safeguard the integrity and stability of financial institutions.“Auditors and Chief Financial Officers are key pillars of financial integrity and governance in our banking system. Auditors should conduct their audits...
New Delhi, Soumya Swaminathan has been appointed Principal Advisor for the National Tuberculosis Elimination Program of the Union Health Ministry on pro-bono basis.Swaminathan is the former Chief Scientist of the World Health Organization and previously served as the Director General of the...
Mumbai: The banking sector, which is at an all-time high in terms of financial parameters, is ready to support the growth of the Indian economy, Reserve Bank Deputy Governor Swaminathan J said on Tuesday.Addressing a conference of statutory auditors and chief financial officers of commercial...
Kishore Tiwari of Shiv Sena (UBT) said that the MSP announced by the government for some Kharif crops for 2024-2025 ranges from Rs 117 per quintal to Rs 983 per quintal compared to the previous year (2023-2024).Citing official Agriculture Ministry data, Tiwari said the differences in the new...
Chandigarh Shiromani Akali Dal (SAD) president Sukhbir Singh Badal on Thursday called for a scientific approach to fix the minimum support price for all crops.He also claimed that the marginal increase in paddy MSP of Rs 117 per quintal did not take into account the overall cost plus 50 per...
Recently, in a meeting with the CEO, Managing Directors and Executive Directors of ARC in Mumbai, RBI Deputy Governor J. Swaminathan had raised this issue.“ARCs need to be conscious of their conduct towards distressed borrowers. Even a single incident of misconduct can potentially turn into...
Justice G.R. Swaminathan of the Madras High Court on Friday dismissed the petitions filed by 10 English medium candidates for Group IV service in the Tamil Nadu Combined Civil Service.The petitioners had challenged a government order (GO) issued on December 1, 2021, and a consequential...
RBI has sent a clear message to ARC heads that they have to follow the rules in letter and spirit.“During our onsite examinations, we have found instances where ARCs have been used or have allowed themselves to be used as a means to evergreen distressed properties. In many cases, there is a...
Mumbai, The Reserve Bank on Friday held a conference for directors and senior officers of asset reconstruction companies (ARCs), part of the series of supervisory activities it has been conducting with its regulated entities over the past one year.While Deputy Governors M Rajeswara Rao and...
MUMBAI: The potential impact of a cyber attack on the bank's operations, reputation and financial stability cannot be "exaggerated", RBI Deputy Governor Swaminathan J said, as he stressed the need for proactive risk mitigation strategies.Speaking at the Conference of Assurance Heads of Urban...
Mumbai (Maharashtra) [India], The Reserve Bank of India (RBI) convened a conference for Directors and MD/CEOs of Asset Reconstruction Company (ARC) in Mumbai today. The theme of the event was 'Governance in ARCs', according to a press release. Was. ‘Towards Effective Resolutions’ was attended by...
Mumbai: Reserve Bank Deputy Governor Swaminathan J has cautioned that excessive reliance on unsecured loans and capital market funding could spell 'misery' for non-bank lenders in the long run.Addressing heads of assurance functions of non-bank financial companies at a conference organized by...
Ottawa, WHO Chief Scientist Dr. Soumya Swaminathan has recently been named among 10 extraordinary individuals who will receive an honorary degree from Canada's prestigious McGill University as part of the Spring 2020 convocation.In 2017, Swaminathan joined the World Health Organization (WHO)...
New Delhi: Vice Admiral Krishna Swaminathan, known for his expertise in communications and electronic warfare, on Wednesday took charge as the Vice Chief of the Naval Staff.His previous assignment was as Chief of Personnel at Naval Headquarters.Admiral Dinesh Kumar Tripathi, who took charge...
New Delhi, Samyukt Kisan Morcha (SKM) on Monday said there is no mention of MSP in the formula suggested by the Swaminathan Commission in the Bharatiya Janata Party (BJP) manifesto and called it an "open challenge" against farmers and farm workers. Has gone.In a statement issued on Monday, the...