M K Jain

Self-regulation useful tool for setting rules for fintechs: RBI's M K Jain

The central bank's deputy governor says RBI has endeavoured to find a middle ground trying to balance between the innovation brought by fintechs and the unique risk they introduce

Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern

Concerned over deposit growth lagging high credit offtake; seeks views on collection, IT infra, DBUs

Action against M&M Financial Services won't affect other NBFCs: RBI

Experts had pointed out that in light of these directions against one entity, recovery activities of NBFC sector could get impacted as a majority of NBFCs rely on outsourced agents for loan recovery

Focus on sustainable business model, governance: RBI tells SFBs in meeting

SFBs were advised to continue to evolve in tune with the differentiated banking licence given to them with proportionate growth in their capital base.

Spreading disinflation over 2-3 years to reduce output loss, says RBI

'There is no blanket ban on opening of current accounts', said M Rajeshwar Rao

RBI reallocates portfolios of deputy governors after Vishwanathan retires

RBI now functions with three deputy governors - B.P. Kanungo, M.K. Jain and Michael Patra

RBI may incentivise banks to lend more in credit-starved regions: M K Jain

For small and marginal farmers, institutional credit at reasonable costs can act as a catalyst and convert them into vibrant commercial farmers, Jain added

Turnaround king: IDBI Bank's M K Jain named new RBI deputy governor

He is expected to be put in charge of banking supervision, among other duties