Finance news

RBI Governor Shaktikanta Das, while addressing the 15th convocation of the Post Graduate Diploma in Management in Pune on Saturday, talked about the need of a fresh look at the regulation and supervision of NBFCs. A copy of Shaktikanta Das’s speech was released to the media post the event.

In order to strengthen processes at public-sector banks (PSBs), the government, the Bank Board Bureau and the RBI are in the process of developing an objective framework for performance evaluation of these banks, Das said.

Pointing out that there is a need to address the existing inadequacies in customer service, Das said, efforts in developing robust customer grievance redressal mechanisms to increase customers' trust and confidence in payment systems will be continued.

The CBI alleged that Dhoot had invested in Nupower through his firm Supreme Energy in a quid pro quo to loans cleared by ICICI Bank after Chanda Kochhar took over as the CEO of the bank on May 1, 2009.

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