Takru, a 1979-batch officer of the Gujarat cadre, will take over the new position from April 1 after incumbent Sumit Bose retires on March ...

Financial services secretary Rajiv Takru said the in-house panel constituted by SBI to probe corruption charges against will submit its rep...

Finance Ministry today said it has asked all banks to strictly follow the RBI's instructions on security at the ATMs.

Takru said it is wrong to blame the high bad assets in state-run banks to corrupt and lax practices in the loan appraisal process.

At a recent meeting in Mumbai, financial services secretary Rajiv Takru underscored the need for banks to check escalation of non-performin...

I do not think we have divided our overall NPAs into percentages into these two parts of wilful defaulters and environmental defaulters, bu...

Reiterating its stance on wilful defaulters, the Finance Ministry today asked banks to take stern action against such companies.

Financial Services Secretary Rajiv Takru today said the Rs 14,000-crore recapitalisation programme of the state-run lenders will be done by...

'If there is a temporary squeeze in terms of the cost of funds, so be it. It does not really matter in the long run,' says Rajiv Takru, Ban...

"I would sincerely advice, if they are serious about being accepted, they may sincerely like to consider adjusting to the guidelines."

Domestic economy is likely to kick- start towards revival in the next 3 to 6 months as 215 stalled projects are expected to start rolling

The new bank licences are expected to be issued by the Reserve Bank by the end of this fiscal, a top Finance Ministry official said today.

RBI has done the right thing by saying that each sector regulator would be responsible as far as companies relating to that sector are conc...

The regulator has sent show-cause notices to the erring banks and is awaiting their replies to take appropriate corrective measures, Takru ...

"Banks are very responsible institutions and the banking industry is very sober industry."

"Whatever responsibilities would have to be fixed will be fixed and whatever rectifications have to be done would be done," he added.

The Information and Broadcasting ministry today said though there was no plan to give subsidies for digitalisation of the cable TV sector.