Page 3 - Viral Acharya

RBI Deputy Governor Viral Acharya quits six months before his term ends

Deputy Governor N Vishwanathan likely to stay back for another term

The wider import of Viral Acharya's speech

The real issue is not the RBI vs MoF; it is about creating and nurturing institutions and ensuring they are led by people with knowledge and wisdom

Viral Acharya warns of market wrath, bats for more independence for RBI

Dy Governor says central bank must have more powers to supervise PSBs, keep its balance sheet strong and have adequate regulatory scope

Market can make govt pay for eroding RBI's independence: Viral Acharya

He also noted that the market also forces central banks to remain accountable and independent when it is under government pressure

RBI can't always bail out bank treasury, says deputy governor Viral Acharya

The comment comes at a time when banks have been lobbying with the central bank to allow spreading their treasury losses over a few quarters

Double-digit growth could drive up debt, crash economy: Viral Acharya

Acharya said it's too much to expect that private capex will suddenly and quickly come back

RBI's priority is cleaning up banks, says Viral Acharya

RBI deputy governor said that demonetisation had led to a change in the way Indians saved

50% provisioning reasonable for defaulted loans, says Viral Acharya

It is based on any historical recovery rates that banks secured debt have typically earned

Fix corporates first to lift credit flow, says Viral Acharya

RBI deputy governor wants companies to take steps to reduce debt

RBI Deputy Guv Viral Acharya calls for privatising some banks

Mumbai, 28 AprilReserve Bank of India (RBI) deputy governor Viral Acharya said it could be time to re-privatise some of the nationalised banks, or to merge some, to prevent the throwing of good money after bad in the form of persistent recapitalisation. "Perhaps re-privatising some of the nationalised banks is an idea whose time has come?" he said in a keynote address at an event organized by the women's wing of the Federation of Indian Chambers of Commerce and Industry.In all, the deputy governor's five-point suggestions on resolution of banks' current problems are for allowing private capital raising, asset sales, mergers, tough corrective action and divestment. Even as bank consolidation remains a contentious issue, and generally the central bank doesn't comment on it, top RBI officials have become vocal on this. Earlier this week, Urjit Patel, the central bank's governor, said the system needed fewer but healthy banks, instead of many public sector lenders. "As many have pointed ..

India must urgently resolve bad debt at lenders: Viral Acharya

India had did it through a piecemeal approach that has given all discretion to lenders

Viral Acharya takes charge as RBI deputy governor

He is appointed for a three-year term and will be in charge of monetary policy department

I will give my best, says RBI's Deputy Governor Viral Acharya

The existing three Deputy Governors are S S Mundra, N S Vishwanathan and R Gandhi

Viral Acharya wanted Indira Gandhi's masterstroke reversed

In a 2015 paper, advocated repealing Banks Nationalisation Act, privatising and shutting some PSBs

Cricketer, poet, singer, central banker: Meet RBI Deputy Guv Viral Acharya

A notification on the RBI website said Acharya would head the monetary policy and research cluster